Overview

* AppFolio ( APPF ) Q3 revenue grows 21% yr/yr, beating analyst expectations

* GAAP operating income for Q3 declines compared to last year

* Company expects fiscal yr 2025 revenue of $945 mln to $950 mln

Outlook

* AppFolio ( APPF ) expects full-year revenue between $945 mln and $950 mln

* Company projects full-year non-GAAP operating margin of 23.5% to 24.5%

* AppFolio ( APPF ) anticipates diluted weighted average shares outstanding of 36 mln for full year

Result Drivers

* AI PLATFORM - AppFolio's ( APPF ) AI-native Performance Platform is driving real performance outcomes, contributing to revenue growth

* CUSTOMER EXPANSION - Co is expanding value to existing customers and capturing new market share, contributing to revenue growth

* UNIT GROWTH - Total units under management increased 7% yr/yr, indicating growth in customer base

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $249.35 $245.38

Revenue mln mln (6

Analysts

)

Q3 EPS $0.93

Q3 Net $33.64

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

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

* Wall Street's median 12-month price target for Appfolio Inc ( APPF ) is $311.00, about 23.3% above its October 29 closing price of $238.67

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)