Welcome to our dedicated page for Bigcommerce Holdings news (Ticker: BIGC), a resource for investors and traders seeking the latest updates and insights on Bigcommerce Holdings stock.
Commerce.com, Inc., formerly BigCommerce Holdings, Inc., provides an open commerce technology ecosystem built around BigCommerce, Feedonomics and Makeswift. Company news commonly covers ecommerce platform capabilities for direct-to-consumer and B2B merchants, product data and feed management, headless and composable storefront deployments, payments and ERP integrations, and customer implementations across retail, manufacturing, distribution and public-sector commerce.
Updates also include quarterly results announcements, investor conference participation, partner integrations and corporate identity developments following the company’s name change from BigCommerce Holdings, Inc. to Commerce.com, Inc.
BigCommerce Holdings reported strong Q1 2022 results with total revenue of $66.1 million, a 42% increase year over year. The company's total annual recurring revenue (ARR) reached $280.4 million, growing 43%. Subscription revenue also rose by 50%. Enterprise ARR grew significantly by 68% to $189 million, now comprising 67% of total ARR. Despite growth, the company faced a net loss of $37 million and a GAAP operating loss of $36.2 million. For Q2 2022, revenue is expected to be between $64.6 million to $67.5 million.
BigCommerce has been recognized as a Strong Performer in both The Forrester Wave™: B2C Commerce Solutions and The Forrester Wave™: B2B Commerce Solutions reports for Q2 2022. The platform achieved the highest scores in 11 key evaluation criteria, including Role-based Access Management and Customer Success. Customer feedback highlighted the company's strong product vision and architecture. BigCommerce aims to attract more mid-market and enterprise brands by offering a robust digital transformation platform.
BigCommerce Holdings (Nasdaq: BIGC) will host a virtual Investor Day on May 25, 2022, at 12 p.m. CT. The leadership team will discuss the company's long-term vision, financial framework, and growth strategy. Following the presentations, a live Q&A session will allow investors to engage with the team. Interested participants can register on BigCommerce’s Investor Relations website, with an archived replay available for 12 months post-event. BigCommerce is a prominent SaaS ecommerce platform serving thousands of B2C and B2B businesses globally.
Codisto has launched support for BigCommerce’s new Multi-Storefront (MSF) feature, enhancing the platform for enterprise merchants. This integration allows BigCommerce users to manage multiple storefronts seamlessly through the Codisto app. Codisto's CEO, Luke Amery, emphasized the importance of collaboration with BigCommerce to deliver timely updates for merchants. Codisto has facilitated over US$2 billion in gross merchandise value annually, positioning itself as a leader in omnichannel commerce.
BigCommerce (Nasdaq: BIGC) has announced the acquisition of BundleB2B, enhancing its B2B ecommerce capabilities. This strategic move follows the recent purchase of B2B Ninja and is set to position BigCommerce as a leader in the booming B2B ecommerce market, projected to hit $25.65 trillion by 2028 with an annual growth rate of over 18%. The integration aims to provide merchants with advanced tools, optimizing the B2B purchasing experience. Key features include account management and quote management, improving efficiency and sales processes.
BigCommerce (Nasdaq: BIGC) has released its ANZ State of Ecommerce Report, highlighting shifts in consumer spending behaviors among Australian and New Zealand shoppers. The report indicates rising credit card usage, with 39% of payments made via credit cards, up from 26% in previous years. A significant 30% of respondents plan to decrease their use of Buy Now Pay Later (BNPL) services. Key factors influencing shopper decisions include website speed and shipping costs, with 79% likely to leave a slow site.
BigCommerce (Nasdaq: BIGC) will announce its financial results for Q1 2022 after the market closes on May 2, 2022. A conference call is scheduled for 5:00 p.m. ET, where key metrics and business highlights will be discussed. Investors can access the call via phone or through a live webcast on the company’s investor relations website. A replay will be available until May 9, 2022. Founded in Austin, BigCommerce is a leading SaaS ecommerce platform serving B2C and B2B brands globally.
SellersFunding has partnered with BigCommerce (Nasdaq:BIGC) to enhance ecommerce sellers' access to financing options, enabling them to transition to a direct-to-consumer model. This collaboration aims to support merchants with working capital for advertising, inventory management, R&D, and international expansion. The partnership reflects a shared commitment to empower sellers with innovative tools and resources for growth. Ricardo Pero and Russell Klein, executives from both companies, highlighted the importance of this alliance in helping merchants scale effectively.
BigCommerce (Nasdaq: BIGC) has launched a new feature called Multi-Storefront, enabling enterprise merchants to easily manage multiple storefronts within a single account. This innovation aims to drive growth while reducing operational costs by streamlining the management of distinct online experiences across different regions and customer segments. The feature enhances efficiency, supports localized storefronts, and provides valuable analytics, allowing businesses to make data-driven decisions. It is now available for new merchants on the BigCommerce platform.
dLocal has partnered with BigCommerce to enhance their payment capabilities in Latin America. This collaboration will enable BigCommerce merchants to accept local payments such as Boleto Bancário and Pix in Brazil and Oxxo in Mexico. This strategic move aims to support BigCommerce's expansion in the region, providing critical local payment options for both regional and existing EU and U.S. merchants. The partnership aligns with BigCommerce’s recent announcement of expanding its operations in Mexico, with an official inauguration set for March 24, 2022.