SurveyMonkey Announces Third Quarter 2019 Financial Results
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SurveyMonkey (SVMK) Misses Q3 EPS by 7c, Revenues Beat; Offers Q4 & FY19 Revenue Guidance
November 7, 2019 5:12 PM ESTSurveyMonkey (NASDAQ: SVMK) reported Q3 EPS of ($0.12), $0.07 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $79.3 million versus the consensus estimate of $77.95 million.
Q3 2019 Key Results
Revenue was $79.3 million for 22% year-over-year growth.Enterprise sales revenue was approximately 23% of total revenue, up from approximately 12% in Q3 2018 and 20% in Q2 2019. We ended the quarter with 5,346 enterprise sales customers, up from 3,226 in Q3 2018, for 66% year-over-year growth, and an increase of 569 customers from Q2 2019. This includes a one-time increase of approximately 65 net new enterprise sales customers following the... More