Overview

* BlackLine ( BL ) Q3 revenue grows 7.5%, slightly beating analyst expectations

* GAAP net income and EPS decline compared to Q3 2024

* Company repurchased 2.1 mln shares for $113 mln

Outlook

* BlackLine ( BL ) expects Q4 GAAP revenue between $182 mln and $184 mln

* Company forecasts full-year GAAP revenue between $699 mln and $701 mln

* BlackLine ( BL ) anticipates Q4 non-GAAP net income of $42 mln to $44 mln

Result Drivers

* IMPROVED EXECUTION - CEO Owen Ryan attributes revenue growth to improved execution in processes, technology, and team collaboration

* AI-POWERED SOLUTIONS - Launch of AI offerings, including Verity, seen as a growth driver for the Office of the CFO

* STUDIO360 PLATFORM - Company cites Studio360 platform as a powerful growth lever

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $178.29 $178.09

Revenue Beat* mln mln (13

Analysts

)

Q3 EPS $0.09

Q3 Net $8.61

Income mln

Q3 Gross $133.90

Profit mln

Q3 $126.29

Operatin mln

g

Expenses

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for BlackLine Inc ( BL ) is $63.00, about 9.7% above its November 5 closing price of $56.92

* The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)