Backblaze Raises Full-Year Revenue Outlook to $177.8M-$178.2M
Backblaze raised its full-year revenue outlook from $172 million-$174 million. Third-quarter revenue was $46.7 million, up 26%, while adjusted EPS was 9 cents; B2 cloud storage revenue grew 47% to $30.5 million.
Backblaze, Inc. has raised its full-year revenue outlook to a range of $177.8 million to $178.2 million, surpassing its previous guidance of $172 million to $174 million. The updated forecast follows the company's third-quarter financial results, which included $46.7 million in revenue—a 26% increase—and adjusted earnings per share of 9 cents. The company also reported that its B2 cloud storage revenue grew by 47% to $30.5 million during the quarter.