Why Braze Stock Jumped Today

Core Insights - Braze's CEO Bill Magnuson stated that BrazeAI is "fundamentally rewriting the rules of customer engagement" [1] - Shares of Braze (BRZE) increased by 18.07% following the announcement of strong third-quarter sales growth and a positive profit forecast [1] Financial Performance - Braze's third-quarter revenue grew by 25.5% year over year, reaching $190.8 million, driven by new customer acquisitions and increased sales to existing clients [6] - The total customer count rose by 14% to 2,528, with large customers (ARR of $500,000 or more) increasing by 29% to 303 [6] - The dollar-based net retention rate for the trailing 12 months was 108%, down from 113% in the previous year [7] - Adjusted operating income improved to $5.1 million, compared to a loss of $2.2 million in the same quarter last year [7] - Positive free cash flow of $17.8 million was generated, compared to negative $14.2 million in the prior year [7] Business Outlook - Following strong results, Braze raised its full-year sales and profit guidance, now expecting revenue between $730.5 million and $731.5 million and adjusted operating income between $26 million and $27 million [8]