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, a leading Open SaaS ecommerce platform, reported a total revenue of $49.0 million for Q2 2021, up 35% year-over-year. Annual recurring revenue (ARR) reached $209.3 million, marking a 38% increase. Subscription revenue grew 42% to $34.0 million. The company recorded a GAAP net loss of ($12.2 million) and a non-GAAP net loss of ($4.2 million). BigCommerce expects Q3 2021 revenue between $54.5 million and $55.0 million and a full-year revenue of $210.7 million to $211.7 million.
BigCommerce (Nasdaq: BIGC) has partnered with Sezzle Inc., a fintech company, to provide small and mid-market merchants with a new buy now, pay later (BNPL) solution. This integration allows merchants to offer interest-free payment plans, enhancing shopping experiences, especially for younger consumers and high-risk borrowers. With a simple click in the BigCommerce Control Panel, merchants can activate the BNPL option. Sezzle caters to over 45 million U.S. users, facilitating credit building through responsible payments.
BigCommerce (Nasdaq: BIGC) announced its fourth annual Make it Big conference, a free two-day virtual event for ecommerce professionals from September 14 to 15. The conference continues to evolve with new resources, including an awards program and a podcast series, enhancing its year-round engagement. Keynote speakers include Mark Cuban and other industry experts. Participants can compete for cash prizes in five categories during the Make it Big Awards. Registration remains open, offering access to on-demand sessions and valuable ecommerce strategies.
BigCommerce (Nasdaq: BIGC) has acquired Feedonomics for up to approximately $145 million, comprising $80 million in cash at closing and additional milestone payments. This acquisition aims to enhance BigCommerce's capabilities in data feed management, helping merchants integrate across 100+ global marketplaces and advertising channels, including Google and Amazon. The combined platform will enable merchants to increase their return on ad spend (ROAS) and streamline operations, positioning BigCommerce to better capitalize on the projected $41 billion US ecommerce channel ad spending by 2024.
BigCommerce (Nasdaq: BIGC) has partnered with Mercado Libre (Nasdaq: MELI), Latin America's leading ecommerce marketplace, enabling BigCommerce merchants to access nearly 133 million unique consumers throughout the region. This collaboration, Mercado Libre's first major partnership with a North American platform, aims to enhance cross-border ecommerce. Benefits for merchants include improved order management, personal account management for onboarding, and currency conversion features, helping them enter the fast-growing Latin American market more efficiently.
BigCommerce (Nasdaq: BIGC) announced it will release its Q2 financial results for the period ending June 30, 2021, on August 5, 2021, after market close. Following the release, a conference call will be held at 5:00 p.m. ET to discuss the results and key business insights. Investors can access the call via phone or through the company's investor relations website. The company continues to support a diverse client base across 150 countries.
BigCommerce (Nasdaq: BIGC) has announced a new integration with Amazon Multi-Channel Fulfillment (MCF), enabling U.S. merchants to efficiently fulfill ecommerce orders regardless of selling on Amazon. This partnership aims to enhance merchants' omnichannel strategies, offering benefits such as fast shipping with delivery options from 1-day to 5-business days, competitive pricing with no peak surcharges, and fully trackable orders. The integration simplifies operations, allowing merchants to focus on business growth while benefiting from Amazon's extensive fulfillment network.
BigCommerce (Nasdaq: BIGC) has appointed Rob Kaloustian as the new Chief Services Officer, succeeding Paul Vaillancourt. Kaloustian brings over 20 years of experience in customer success and leadership from Commvault, where he led various technical teams. His focus will be on enhancing customer success services, crucial for BigCommerce’s growth. CEO Brent Bellm praised Kaloustian's track record and operational excellence, highlighting its importance in offering effective customer support. BigCommerce is actively hiring globally for roles within its Customer Success Services.
BigCommerce and PayPal released a survey revealing significant consumer behavior shifts during the COVID-19 pandemic. Out of 3,000 respondents in the US, UK, and Australia, 62.5% now primarily shop online. Notably, 66.7% made mobile purchases within the last month. The survey emphasizes the need for retailers to adopt omnichannel strategies, as 70% of consumers prefer retailers offering their preferred payment methods. Digital wallet usage surged, with a 24.5% increase online and 88.7% in-store since March 2020, advocating for enhanced payment accessibility.
BigCommerce (Nasdaq: BIGC) has launched its Big Open Data Solutions, which offers merchants a comprehensive suite of data solutions for better customer insights and business performance. This new suite integrates with tools like Google BigQuery and Twilio Segment, enabling secure data transfers and analytics. Merchants can create unified customer profiles and optimize marketing strategies to drive profitability. The solutions are aimed at reducing development costs and improving decision-making capabilities for merchants globally.