Overview

* Docebo Q3 2025 revenue grows 11% yr/yr, beating analyst expectations

* Adjusted net income for Q3 2025 rises 19.9% yr/yr

* Company highlights AI-First strategy and strong partnerships as growth drivers

Outlook

* Docebo ( DCBO ) sees Q4 revenue between $62.0 mln and $62.2 mln

* Company expects Q4 adjusted EBITDA margin of 20.5% to 21.0%

* Docebo ( DCBO ) revises FY 2025 subscription revenue growth to 11.75%,

* Docebo ( DCBO ) revises FY 2025 total revenue growth of 11.40%

Result Drivers

* AI-FIRST STRATEGY - Co attributes exceeding expectations to innovation through its AI-First platform strategy, per CEO Alessio Artuffo

* MARKET EXPANSION - Co cites growing presence in federal and SLED markets as supporting revenue growth

* CUSTOMER WINS - Notable new customer wins include a global industrial services provider and Amazon Health, highlighting Docebo's ( DCBO ) ability to deliver scalable learning solutions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $61.60 $60.94

Revenue mln mln (8

Analysts

)

Q3 $9.90

Adjusted mln

Net

Income

Q3 $12.40

Adjusted mln

EBITDA

Q3 Gross $49.50

Profit mln

Q3 $5.30

Operatin mln

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 17 times the next 12-month earnings vs. a P/E of 24 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.)