Overview

* Commerce.com ( CMRC ) Q3 revenue slightly missed analyst expectations, growing 3% yr/yr to $86 mln

* Non-GAAP operating income for Q3 increased to $8 mln from $4.3 mln last year

* GAAP net loss for Q3 reduced to $2.2 mln from $7 mln last year

Outlook

* Company expects Q4 revenue between $87.8 mln and $92.8 mln

* Commerce.com ( CMRC ) forecasts 2025 revenue between $340.6 mln and $345.6 mln

* Non-GAAP operating income for Q4 expected between $4.3 mln and $9.3 mln

Result Drivers

* ENTERPRISE ACCOUNT GROWTH - ARR from enterprise accounts increased by 5%, indicating strong growth in high-value customer segments

* AI-ENABLED EXPERIENCES - Strategic partnerships with AI leaders like Perplexity, Google, and PayPal are driving momentum across B2B and B2C

* REGIONAL REVENUE VARIATION - Revenue in EMEA grew by 9%, while APAC revenue declined by 3%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $86 mln $86.05

Revenue Miss* mln (10

Analysts

)

Q3 Gross 78.00%

Margin

Q3 79.00%

Adjusted

Gross

Margin

*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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"

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

* Wall Street's median 12-month price target for Commerce.com Inc ( CMRC ) is $6.50, about 28.2% above its November 5 closing price of $4.67

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 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.)