RingCentral (RNG) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - RingCentral reported revenue of $614.51 million for Q4 2024, a year-over-year increase of 7.6% [1] - The company's EPS for the same period was $0.98, up from $0.86 a year ago, exceeding the consensus estimate of $0.96 [1] - The revenue surpassed the Zacks Consensus Estimate of $612.24 million, resulting in a surprise of +0.37% [1] Financial Performance Metrics - Mid-Market and Enterprise ARR was reported at $1.07 billion, below the average estimate of $1.59 billion [4] - Annualized Exit Monthly Recurring Subscriptions (ARR) stood at $2.49 billion, slightly below the average estimate of $2.54 billion [4] - Subscription revenues reached $589.68 million, compared to the estimated $588.18 million, reflecting a year-over-year increase of 7.7% [4] - Other revenues were reported at $24.84 million, exceeding the estimated $24.12 million, with a year-over-year increase of 3.9% [4] Stock Performance - Over the past month, RingCentral's shares have returned -6.9%, contrasting with the Zacks S&P 500 composite's +2.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]