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

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Vonage Reports Second Quarter 2020 Financial Results

August 6, 2020 7:01 AM EDT

Second Quarter 2020 Highlights:

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

HOLMDEL, N.J., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Vonage Holdings Corp. (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, today announced results for the quarter ended June 30, 2020.

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