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MongoDB, Inc. (NASDAQ:MDB) stock is moving higher Friday after the company reported better-than-expected 2025 fiscal year second quarter earnings.
What Happened: MongoDB reported earnings after the market closed on Thursday, including adjusted EPS of 70 cents, beating analysts estimate of 49 cents.
Revenue: The company reported revenue of $478.1 million, beating analysts estimate of $464.04 million. The company’s subscription revenue of $463.8 million, a 13% increase year-over-year, and services revenue of $14.3 million, a 1% decrease year-over-year .
“MongoDB delivered healthy second quarter results, highlighted by strong new workload acquisition and better-than-expected Atlas consumption trends. Our continued success in winning new workloads demonstrates the critical role MongoDB’s platform plays in modern application development,” said Dev Ittycheria, president and CEO of MongoDB.
Guidance: The company also issued guidance for the third quarter and the fiscal year.
Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.
See Also: What’s Going On With SoFi Technologies Stock?
MDB Price Action: At the time of writing, MongoDB shares are moving 16.9% higher at $287.25, according to data from Benzinga Pro.
Image: Photo: Michael Vi/Shutterstock
Posted In: MDB