Revenue and Profitability Outperformance
Bandwidth delivered a solid quarter with total revenue of $192 million, an 11% year-over-year increase, and adjusted EBITDA of $24 million, exceeding expectations.
Strong Voice Business Growth
Enterprise voice revenue increased by 22% year-over-year, driven by strong adoption and AI voice initiatives, with expanding software revenue contributing to a 9% growth in combined voice revenue.
Record Number of Million-Dollar Deals
Bandwidth closed more million-dollar-plus deals in Q3, marking a record pace year-to-date, indicating strong demand from Global 2000 enterprises.
AI and Software Strategy Success
The company's AI and software strategy, including the launch of AI-powered products like the AI receptionist and Bandwidth Activation agent, is driving customer engagement and higher gross margins.
Trust Services and Strategic Partnerships
The expansion of number reputation management and a new RCS for business partnership with Out There Media highlight Bandwidth's focus on trust and scalability, attracting major brands.