Docebo, Inc. ( (DCBO) ) has released its Q1 earnings. Here is a breakdown of the information Docebo, Inc. presented to its investors.
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Docebo Inc., a prominent player in the learning platform sector, leverages artificial intelligence to enhance educational content delivery and management for businesses worldwide. The company, listed on NASDAQ and TSX, is known for its innovative approach to enterprise learning solutions.
In its first quarter of 2025, Docebo reported financial results that surpassed expectations in both revenue and profitability. The company highlighted its strategic focus on integrating AI into its platform, which was showcased at its largest customer event, Docebo Inspire, in Orlando.
Key financial metrics for the quarter included a total revenue of $57.3 million, marking an 11% increase from the previous year, with subscription revenue contributing $54.2 million. Despite a decrease in net income to $1.5 million from $5.2 million the previous year, the adjusted net income rose to $8.5 million. The company’s annual recurring revenue (ARR) saw a significant increase to $225.1 million, reflecting strong business expansion.
Strategically, Docebo secured several notable customer wins, including partnerships with a leading North American software provider and NYU Langone Health. However, the company noted that Amazon Web Services would not renew a specific contract, though this represented less than 2% of Docebo’s ARR.
Looking ahead, Docebo’s management remains optimistic, projecting continued growth in subscription revenue and total revenue for the year. The company plans to maintain its focus on AI integration and strategic customer partnerships to drive long-term shareholder value.