Vonage (VG) Tops Q3 EPS by 4c, Revenues Beat; Offers 4Q & FY20 Revenue Guidance Above Consensus

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Go back to Vonage (VG) Tops Q3 EPS by 4c, Revenues Beat; Offers 4Q & FY20 Revenue Guidance Above Consensus

Vonage Reports Third Quarter 2020 Financial Results

November 5, 2020 7:01 AM EST

Third Quarter 2020 Highlights:

Consolidated Revenues of $317 millionVonage Communications Platform (VCP) Revenues of $234 million VCP Service Revenues increased 19%API Revenues Increased 35%Unified Communications & Contact Center Service Revenues Increased 7% Net Loss of $10 Million and Adjusted EBITDA of $42 millionAnnouncing business optimization and alignment project to accelerate growth and improve profitabilityConsumer Segment marketing process to begin in November

HOLMDEL, N.J., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Vonage Holdings Corp. (Nasdaq: VG), a global leader in cloud communications... More