Revenue and Profitability Exceed Expectations
Commerce delivered revenue of $86 million, in line with guidance, and non-GAAP operating income reached $8 million, significantly exceeding the high-end of profitability guidance by nearly $5 million.
Strong B2B Momentum and New Partnerships
Commerce attracted respected brands like ADI Global and Big Ass Fans, and celebrated successful launches from innovators. IDC and Gartner recognized Commerce for its B2B capabilities.
Significant AI Integration and Strategic Partnerships
Commerce is leveraging AI to reshape product discovery and purchasing, with partnerships with PayPal, Microsoft, Google, and Stripe. New products like Feedonomics Surface and Makeswift are being launched to meet AI-driven commerce needs.
Improved Financial Position
Commerce strengthened its balance sheet with approximately $143 million in cash and reduced net debt by 86% since Q3 2023.