Vonage (VG) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus

Go back to Vonage (VG) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus

Vonage Reports First Quarter 2021 Financial Results

May 6, 2021 7:00 AM EDT

First Quarter 2021 Highlights:

Consolidated Revenues of $333 millionVonage Communications Platform (VCP) Revenues of $255 million VCP Service Revenues increased 23%API Revenues Increased 47%Unified Communications & Contact Center Service Revenues Increased 4% Net Loss of $376 thousand and Adjusted EBITDA of $48 million

HOLMDEL, N.J., May 06, 2021 (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 March 31, 2021.

We had a strong first quarter, demonstrating improving... More