Overview

* Docebo ( DCBO ) Q2 revenue rises 14% yr/yr, beating analyst expectations, per LSEG data

* Subscription revenue grows 15% yr/yr, representing 94% of total revenue

* Adjusted EPS for Q2 at $0.30, showing improvement from previous year

Outlook

* Docebo sees Q3 2025 revenue between $61.0 mln and $61.2 mln

* Company expects Q3 2025 adjusted EBITDA margin of 19.0% to 19.5%

* Docebo ( DCBO ) anticipates 2025 subscription revenue growth of 10.75% to 11.75%

* Company forecasts 2025 total revenue growth between 10.0% to 11.0%

Result Drivers

* SUBSCRIPTION REVENUE - Subscription revenue increased 15% yr/yr, driven by AI-first strategy and customer wins

* PUBLIC SECTOR EXPANSION - FedRAMP Moderate Authorization achieved, expanding reach in public sector

* STRATEGIC INVESTMENTS - Appointment of new Chief Revenue Officer and focus on AI-first strategy

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $60.70 $58.80

Revenue mln mln (8

Analysts

)

Q2 $0.3

Adjusted

EPS

Q2 $8.90

Adjusted mln

Net

Income

Q2 $9.20

Adjusted mln

EBITDA

Q2 Gross $49.10

Profit mln

Q2 $6.20

Operatin mln

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

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

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

Press Release:

(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.)