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Pattern Group Q3 revenue rises 38% on brand partner expansion 

By Reuters News


Overview

  • US ecommerce acceleration platform's Q3 revenue grew 38% yr/yr, beating analyst expectations

  • Company reported Q3 net income of $32 mln, reversing a loss last year

  • Company raised its full-year outlook after strong Q3 performance


Outlook

  • Pattern sees Q4 revenue between $965 mln and $985 mln

  • Company expects Q4 adjusted EBITDA of $54 mln to $55 mln

  • Pattern raises full-year revenue outlook to $3.50 bln-$3.52 bln


Result Drivers

  • BRAND PARTNER EXPANSION - Co said growth was driven by both existing brand partners expanding and new brands joining its platform

  • TECHNOLOGY & DATA - Co attributed results to its proprietary AI-driven technology and data platform optimizing ecommerce performance for brands

  • NON-AMAZON & INTERNATIONAL GROWTH - Co highlighted strong growth in non-Amazon and international revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$885.85 mln

$854.59 mln (7 Analysts)

Q3 Net Income

$32.07 mln

Q3 Operating Expenses

$848.36 mln

Q3 Operating Income

$37.49 mln

Q3 Pretax Profit

$39.97 mln


Reuters Recommended Reads

  • Nov 3 - Zalando Q3 revenue slightly beats estimates on B2B expansion

  • Nov 3 - Online fashion retailer Boozt Q3 revenue rises on wider assortment

  • Nov 4 - Wayfair beats Q3 revenue, profit estimates on more customers, orders


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.)

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