Vonage (VG) Tops Q1 EPS by 4c; Provides 2Q & FY20 EPS/Revenue Guidance

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Go back to Vonage (VG) Tops Q1 EPS by 4c; Provides 2Q & FY20 EPS/Revenue Guidance

Vonage Reports First Quarter 2020 Financial Results

May 7, 2020 7:01 AM EDT

First Quarter 2020 Highlights:

Consolidated Revenues of $297 million (including $14 million of USF revenues)Business Segment Revenues of $210 million (including $4 million of USF revenues)Service Revenues of $196 million, a 23% IncreaseAPI Platform Revenues Increased 44%Applications Service Revenues Increased 10%Net Loss of $4 Million and Adjusted EBITDA of $39 million

HOLMDEL, N.J., May 07, 2020 (GLOBE NEWSWIRE) -- Vonage Holdings Corp. (Nasdaq: VG), a global business cloud communications leader, today announced results for the quarter ended March 31, 2020.

We had a strong first quarter, highlighting the power of our programmable platform... More