Vonage Reports Second Quarter 2020 Financial Results

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Go back to Vonage Reports Second Quarter 2020 Financial Results

Vonage (VG) Reports In-Line Q2 EPS, Revenues Beat; Raises 3Q & FY20 Revenue Guidance Above Consensus

August 6, 2020 7:14 AM EDT

Vonage (NASDAQ: VG) reported Q2 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $311 million versus the consensus estimate of $296.54 million.

Second Quarter 2020 Highlights:

Consolidated Revenues of $311 millionBusiness Segment Revenues of $226 millionBusiness Service Revenues of $212 million, an 18% IncreaseAPI Platform Revenues Increased 32%Unified Communications & Contact Center Applications Service Revenues Increased 7%Net Loss of $8 Million and Adjusted EBITDA of $42 million

We executed well in the second quarter and delivered strong financial results, said Rory Read,... More