The following is a summary of the BigCommerce Holdings, Inc. (BIGC) Q3 2024 Earnings Call Transcript:

Financial Performance:

• BigCommerce reported Q3 revenue of $84 million, up 7% year-over-year.

• Subscription revenue grew 7% year-over-year to approximately $63 million. Partner and services revenue (PSR) increased 8% year-over-year.

• Non-GAAP operating income was just over $4 million, compared to a loss of $1 million last year.

Business Progress:

• Focused on efficient revenue growth and operational enhancements including streamlining brand architecture and leadership.

• Integrated more capabilities such as Feedonomics and Makeswift to better serve discerning organizations and drive revenue per customer.

• Continued investments in AI and strategic personnel additions to enhance its product suite and customer experience.

Opportunities:

• Expanding offerings focusing on enterprise clients for B2B, leveraging advanced features that appeal to manufacturers and distributors with complex needs.

• Plans to nearly double quota-carrying sales capacity in 2025 to drive top line growth.

Risks:

• Continued challenges in pipeline development and necessity to increase enterprise account numbers.

• Economic conditions and market competition could impact growth and customer acquisition.

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