Strong Q3 Financial Performance
Amplitude reported Q3 revenue of $88.6 million, which is an 18% increase year-over-year, and annual recurring revenue (ARR) climbed to $347 million, marking a 16% year-over-year increase.
Enterprise Customer Growth
Customers with more than $100,000 in ARR grew to 653, representing a 15% year-over-year increase.
AI Product Innovations
Introduced several AI-native products including MCP, AI Agents, AI Visibility, and AI Feedback, which expand the reach to non-technical users and enhance product analytics.
Expansion of Multi-Product Adoption
71% of Amplitude's ARR now comes from customers using multiple products, indicating strong cross-product adoption.
Increase in Contract Duration and RPO
Average contract duration increased to nearly 22 months, with a 37% year-over-year growth in total remaining performance obligations (RPO).