Commerce.com Q3 revenue beats estimates on EMEA growth; CFO to leave

Overview

• US open commerce platform's Q3 revenue fell 2% yr/yr but beat analyst expectations

• Adjusted EPS for Q3 beat analyst expectations

• Company announced CFO and COO transition, with Tyler Duncan named interim CFO

Outlook

• Commerce.com sees Q4 revenue between $83.4 mln and $86.4 mln

• Company expects Q4 non-GAAP operating income between $6.8 mln and $8.8 mln

• Commerce.com forecasts 2026 revenue between $339.0 mln and $342.0 mln

Result Drivers

• STRATEGIC OPERATING PLAN - Co said its September plan is driving greater efficiency and profitability while maintaining investment in high-impact growth areas

• GEOGRAPHIC PERFORMANCE - Co reported 3% revenue decline in US, 7% growth in EMEA, and 9% decline in APAC

• PRODUCT LAUNCHES - Co highlighted new AI-driven product enrichment capabilities and a partnership with Cloudflare to enable agent-powered shopping experiences

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

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

• Wall Street's median 12-month price target for Commerce.com, Inc. is $3.75, about 8.7% above its November 4 closing price of $3.45

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads

• Nov 4 - ZoomInfo Q3 revenue falls 3%

• Nov 4 - HubSpot Q3 revenue beats estimates driven by subscription growth

• Nov 3 - UK's Clarivate Q3 revenue falls 9%, misses estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)