eXo financial results for Q3 – strong growth despite summer months

eXo achieves another great quarter despite the fact that the summer months are traditionally slower:

Cross-product bookings 30% above target
Fourth consecutive double-digit Q/Q growth since the new product launch

New annual contract value continues its growth trend with triple-digit growth Y/Y.

Interesting trends this quarter include:

Strong growth in the Americas business, bypassing Europe this quarter
eXo demonstrates negative churn of existing clients – the tendency is strong among the cohort of clients of the previous product version as well as among new clients

Sales profitability metrics remain stable, with a slight decrease in customer acquisition costs because of decreased marketing program budgets over the summer.

Revenue from subscriptions continue growing, with 17% growth Q/Q. Operating expenses decreased slightly, improving EBITDA.

Management expects the business growth trend to continue in Q4.

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Brahim Jaouane

I am a Digital Marketing specialist specialized in SEO at eXo Platform. Passionate about new technologies and Digital Marketing. With 10 years' experience, I support companies in their digital communication strategies and implement the tools necessary for their success. My approach combines the use of different traffic acquisition levers and an optimization of the user experience to convert visitors into customers. After various digital experiences in communication agencies as well as in B2B company, I have a wide range of skills and I am able to manage the digital marketing strategy of small and medium-sized companies.