back to top
HomeMarketBB Earnings: BlackBerry studies loss for Q1 2025; income falls | AlphaStreet

BB Earnings: BlackBerry studies loss for Q1 2025; income falls | AlphaStreet

-

BlackBerry Restricted (NYSE: BB) has reported a web loss for the primary quarter of 2025, on an adjusted foundation. The underside line was negatively impacted by a pointy decline in revenues.

Revenues decreased sharply to $144 million within the first quarter from $373 million within the corresponding interval of fiscal 2024. A rise in IoT income was greater than offset by weak spot within the different companies.

The corporate reported an adjusted lack of $0.03 per share for Q1, in comparison with earnings of $0.06 per share a 12 months earlier. On an unadjusted foundation, it was a web lack of $42 million or $0.07 per share, in comparison with a lack of $11 million or $0.02 per share within the first quarter of final 12 months.

“Both our IoT and Cybersecurity businesses beat revenue expectations. QNX recorded solid royalty revenue while our Cybersecurity division delivered a second consecutive quarter of ARR growth, as well as further enhancing dollar-based net retention,” stated John Giamatteo, CEO of BlackBerry.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

CAPTCHA


LATEST POSTS

A New Youngsters’s Basic by Mayra L Santana Warms Hearts Put up Launch – Blockchain Information Web site

A new heartwarming youngsters’s e book, “Absolutely Princess,” penned by the gifted Mayra L. Santana, is now accessible and enchanting younger youngsters since its launch...

Olympics-Tennis-Gauff named Staff USA's feminine flag bearer for Paris Video games By Reuters

By Amy Tennery PARIS (Reuters) - U.S. Open champion Coco Gauff would be the feminine flag bearer for the USA on the Paris Olympics...

Linuscoins to Host First Developer Convention – Blockchain Information Web site

Linuscoins will host its first developer convention in September 2024, aiming to deliver collectively the worldwide developer group to debate blockchain expertise growth and innovation....

Most Popular