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Investing.com -- Monday.com shares jumped more than 7% premarket after the work management software company reported first-quarter earnings that exceeded analyst expectations and provided upbeat full-year guidance.
The company posted adjusted earnings per share of $1.10 for the first quarter, surpassing the analyst estimate of $0.70 by $0.40. Revenue came in at $282.3 million, beating the consensus forecast of $276 million and representing a 30% increase YoY.
Monday.com’s co-founders and co-CEOs, Roy Mann and Eran Zinman, attributed the strong performance to the company’s multi-product platform and operational excellence. "These results are a testament to the strength of our multi-product platform, the dedication of our teams, and our relentless focus on operational excellence," they stated.
For the second quarter, Monday.com expects revenue between $292 million and $294 million, slightly below the analyst consensus of $294.3 million. However, the company’s full-year 2025 revenue guidance to $1.22-1.23 billion is above the consensus estimate of $1.21 billion.
The company reported robust customer growth, with paid customers having more than $100,000 in annual recurring revenue, increasing 46% YoY to 1,328. Net dollar retention rate for this customer segment stood at 117%.