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Stock impact report

Amplitude Inc (AMPL) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]

Amplitude, Inc. (AMPL) 
Company Research Source: Yahoo! Finance
Amplitude Inc ( NASDAQ:AMPL ) exceeded all guided metrics for the quarter, with revenue reaching $75.2 million, a 6% year-over-year increase. The company reported a significant increase in annual recurring revenue (ARR), which rose to $298 million, marking an $8 million sequential increase. Amplitude Inc ( NASDAQ:AMPL ) saw a 13% year-over-year growth in customers with $100,000 or more in ARR, reaching a total of 567 customers. The company successfully launched new product features, such as Amplitude Made Easy and web experimentation, which have been well-received by customers. Amplitude Inc ( NASDAQ:AMPL ) completed the acquisition of Command AI, enhancing its product capabilities and offering a better-together story for customers. Despite positive growth, Amplitude Inc ( NASDAQ:AMPL ) is still facing high churn rates and a challenging macroeconomic environment. The company reported a decline in gross margin, which was 77% for the quarter, down 2 percentage points year-o Show less Read more
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