Welcome to our dedicated page for Braze news (Ticker: BRZE), a resource for investors and traders seeking the latest updates and insights on Braze stock.
Braze, Inc. reports developments around its customer engagement platform for brands, including fiscal results, guidance updates, investor conference activity, and management changes. Its announcements commonly discuss subscription revenue, customer growth, dollar-based net retention, operating leverage, and the platform's role in cross-channel messaging, journey orchestration, personalization, and real-time data activation.
Product news centers on BrazeAI, including BrazeAI Decisioning Studio, BrazeAI Operator, BrazeAI Agent Console, and creative tools for marketers. Company research releases also address AI adoption, customer trust, data use, and industry use cases across retail and e-commerce, media and entertainment, financial services, travel, and hospitality.
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Braze (Nasdaq: BRZE) announced the beta launch of Braze Instant Insights, a suite of Snowflake Native Apps on Snowflake Marketplace, at Snowflake Summit 2023. These Analytics Apps, built using the Snowflake Native Application Framework, aim to help joint customers unlock and drive data value. Braze Instant Insights is an advanced analytics engine that enables Braze customers to leverage real-time insights for personalized, strategic cross-channel marketing campaigns.
Additionally, Braze was awarded the Powered by Snowflake award at the fifth annual Data Drivers Awards for North America, recognizing their transformation of the marketing and technology industries through secure data sharing and customer-centric interactions. The collaboration between Braze and Snowflake enables customers to create and analyze impactful customer engagement strategies in real-time and at scale.
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Braze (BRZE) reported strong fiscal Q1 2024 results, with revenue growing 31.3% year-over-year to $101.8 million. The company achieved a dollar-based net retention of 122% for the trailing 12 months. Key financial highlights include:
- Subscription revenue: $97.1 million
- GAAP Gross Margin: 67.9%
- Non-GAAP Gross Margin: 68.8%
- Total customers: 1,866
- GAAP operating loss: $41.9 million
- Non-GAAP operating loss: $16.0 million
- Net cash provided by operating activities: $22.5 million
- Free cash flow: $21.7 million
Braze also provided guidance for Q2 FY2024 and updated full-year FY2024 guidance, projecting continued growth. The company launched new products, announced partnerships, and completed the acquisition of North Star, launching Braze Australia.