06:31 AM EDT, 05/09/2025 (MT Newswires) -- Docebo ( DCBO ) , a learning platform provider, on Friday reported a first-quarter earnings and revenues beat and forecast further growth for 2025 as it continues to investment in AI.

For the three months ending March 31, the company reported adjusted net income of US$8.5 million, or $0.28 per share, compared with $7.3 million, or $0.24 per share, for the same quarter last year.

Adjusted Earnings per share diluted was $0.27 versus $0.23 a year earlier, beating a FactSet forecast for this of $0.21

The company reported Q1 total revenue US$57.3 million versus $51.403 million a year earlier, just beating a FactSet forecast of $57.1 million.

For the second quarter, Docebo ( DCBO ) sees total revenue of between $59.0 million and $59.2 million, which matches a FactSet forecast of $59.1 million, and an adjusted EBITDA margin of between 14.5% and 15.0%.

Management expects subscription revenue to grow about one and a half percentage points higher than overall company revenue while professional services revenue to be down sequentially from Q1.

Docebo ( DCBO ) is revising financial guidance for the full year as follows: Subscription revenue growth of 10.0% to 11.0%; Total revenue growth between 9.0% to 10.0%; Adjusted EBITDA as a percentage of total revenue of between 17.0% to 18.0%.

Alessio Artuffo, President and CEO, said: "As we move through the year ahead, we remain focused on executing against our strategic roadmap, deepening AI integrations into every part of our platform, and delivering consistent, long-term value for our shareholders."