SurveyMonkey Announces First Quarter 2020 Financial Results
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SurveyMonkey (SVMK) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus
May 7, 2020 5:08 PM EDTSurveyMonkey (NASDAQ: SVMK) reported Q1 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $88.3 million versus the consensus estimate of $85.46 million.
Q1 2020 Key Results
Revenue was $88.3 million, an increase of 29% year-over-year.Enterprise sales revenue was approximately 29% of total revenue, up from approximately 16% in Q1 2019 and 25% in Q4 2019. We ended the quarter with 6,800 enterprise sales customers, up 75% from 3,900 in Q1 2019.Deferred revenue was $152.0 million, an increase of 37% year-over-year. Remaining performance obligation was $169.1 million, an increase of 39% year-over-year.Paying users totaled 746,200, an increase of 75,300, or 11% from... More