Overview

* Innodata ( INOD ) Q3 revenue grows 20% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 beats consensus, rising 17% yr/yr

* Company reiterates 45% or more YoY growth guidance for 2025

Outlook

* Innodata ( INOD ) reiterates 2025 guidance of 45% or more YoY organic revenue growth

* Company anticipates transformative growth in 2026 based on new wins and strong momentum

Result Drivers

* TECH PARTNERSHIPS - Deepening relationships with Big Tech and AI labs contributed to revenue growth

* PRE-TRAINING DATA INVESTMENT - Investment in pre-training data capabilities led to significant contract signings

* FEDERAL PRACTICE LAUNCH - Launch of Innodata Federal and new defense sector customer engagement expected to drive growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $62.60 $59.78

Revenue mln mln (4

Analysts

)

Q3 Net $8.30

Income mln

Q3 Beat $16.20 $10.33

Adjusted mln mln (3

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for Innodata Inc ( INOD ) is $75.00, about 13.7% above its November 5 closing price of $64.69

* The stock recently traded at 67 times the next 12-month earnings vs. a P/E of 60 three months ago

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.)