Market PerformanceThe stock is up about 20% midday, with investors likely responding to sharper go-to-market execution, rising GenAI tailwinds, and improving profitability.
Revenue GrowthBackblaze reported strong results with B2 Cloud Storage growth of 29%, outperforming management's guided range.
Strategic InitiativesManagement announced a $10 million stock repurchase plan that is expected to be 'cash neutral' to the business.