Braze Stock Takes a Hit on Friday

Braze Shares Soar 25% After Company Reports Strong Q4 Earnings

Braze, a leading provider of customer engagement and user experience solutions, saw its shares surge 25% on Friday after the company reported strong fourth-quarter earnings.

According to Braze's quarterly report, the company's revenue grew 34% year-over-year to $122 million, exceeding analyst expectations. The company's adjusted earnings per share (EPS) also beat estimates, coming in at $0.24 per share compared to the expected $0.15 per share.

Braze's strong performance was driven by the company's continued growth in its customer base, with 1,300 new customers added in the quarter. The company also saw a significant increase in its average revenue per user (ARPU), which rose 27% year-over-year to $44,000.

"We're thrilled with our Q4 results, which demonstrate the effectiveness of our strategy to drive growth through customer engagement and user experience," said Braze CEO and Co-Founder, Bill Magnuson. "We're confident in our ability to continue delivering strong results and creating value for our customers and shareholders."

Braze's stock surge on Friday sent the company's market capitalization soaring to over $5 billion, making it one of the most valuable publicly-traded companies in the customer experience space.

The company's strong performance and growing market value are expected to attract further attention from investors and analysts in the coming days. Braze's Q4 earnings report and strong guidance for the full year have set a positive tone for the company's future growth prospects.