Five9 Shares Rally After Q4 Report: Here's Why

Five9, Inc. FIVN reported its fourth-quarter results after Thursday's closing bell. Here's a look at the highlights from the quarter. 

The Details: Five9 reported quarterly earnings of 79 cents per share, which beat the analyst consensus estimate of 70 cents. Quarterly revenue came in at $278.66 million which beat the analyst consensus estimate of $267.81 million and is an increase over revenue of $239.06 million from the same period last year.

Five9’s adjusted gross margin was 63.5% for the fourth quarter of 2024, compared to 61.3% for the fourth quarter of 2023.

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Five9 also announced the retirement of CFO Barry Zwarenstein and the appointment of Bryan Lee to Interim CFO.

“We are very pleased to report strong year end results, with 2024 annual revenue exceeding $1 billion. Fourth quarter revenue growth accelerated to 17%, driven by our subscription revenue growing 19%. We reached an all-time record adjusted EBITDA margin of 23%, helping drive our highest ever quarterly operating cash flow of $50 million,” said Mike Burkland, Five9 CEO.

Outlook: Five9 sees first-quarter revenue in a range of $271.5 million to $272.5 million, versus the $272.44 million estimate, and adjusted earnings of between 47 cents and 49 cents per share, versus the 48 cent estimate.

FIVN Price Action: According to data from Benzinga Pro, Five9 shares are up 8.78% after hours at $45.35 Thursday.  

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