Avid Technology (AVID) Tops Q3 EPS by 6c; Guides Lower

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Go back to Avid Technology (AVID) Tops Q3 EPS by 6c; Guides Lower

Avid Technology Announces Q3 2022 Results

November 8, 2022 4:05 PM EST

Subscription Revenue of $41.8M, an Increase of 49.2% Year-Over-Year, Driven by All-Time Record 32,600 Net Increase in Paid Subscriptions in the Quarter

Net Income of $12.0M, Adjusted EBITDA of $21.0M, and Adjusted EBITDA Margin of 20.4%

Net Income per Common Share of $0.27; Non-GAAP Net Income per Common Share of $0.38 which Represents an Increase of 40.7% Year-Over-Year

BURLINGTON, Mass., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its financial... More