MongoDB (MDB) Q4 Earnings Beat Estimates, Revenues Jump Y/Y

MongoDB (MDB) reported fourth-quarter fiscal 2024 adjusted earnings of 86 cents per share, which beat the Zacks Consensus Estimate by 86.96% and increased 50.9% year over year. Revenues of $457.5 million jumped 26.6% year over year and surpassed the consensus mark by 6.02%. MongoDB’s subscription revenues accounted for 97.1% of revenues and totaled$ 444.3 million, up 27.6% year over year. Services revenues declined 0.5% year over year to $13.1 million, contributing 2.9% to revenues. Increased User Base Mong ...