Braze, Inc. Stock Price, News & Analysis

Braze (Nasdaq: BRZE) has announced its support for the AWS for Advertising & Marketing initiative, aimed at enhancing advertising and marketing transformation. The partnership allows Braze to leverage AWS solutions for personalized advertising, optimizing performance, and audience segmentation. Braze processes over half a trillion data points monthly to refine customer engagement. This collaboration is expected to strengthen brand relationships and drive sustainable revenue growth. Braze continues to innovate its platform, enhancing its offerings for marketers.

Braze (NASDAQ: BRZE) will release its third quarter fiscal year 2023 financial results on December 13, 2022, after U.S. market close. A conference call to discuss the results will take place at 5:00 pm ET the same day. Investors can access the webcast on their Investor site. Braze is recognized for its customer engagement platform, facilitating interactions between brands and consumers. It has received accolades as one of Fortune's 2022 Best Workplaces.

Braze (Nasdaq: BRZE) announced its ranking of #344 on the Deloitte Technology Fast 500™, reflecting a remarkable 402% growth from 2018 to 2021 in fiscal year revenue. The company emphasizes the growing importance of customer engagement technologies during challenging times, highlighting increased investments by businesses in customer loyalty and activation. Braze’s comprehensive platform enables brands to optimize marketing strategies through real-time customer data.

Braze (Nasdaq: BRZE) unveiled new product innovations at its annual conference, FORGE, focusing on enhancing customer engagement. Key features include Cloud Data Ingestion for improved data activation and expanded WhatsApp messaging capabilities. Braze's partnership with Snowflake enhances data processing and integration, while new features enable deeper customer insights through extended data retention and customizable PII protections. These advancements aim to help brands meet evolving consumer expectations in a digital-first landscape.

Braze (Nasdaq: BRZE) and WARC have released a report titled “The Invisible Enabler: Unlocking the Creative Potential of Technology”, exploring how leading brands use technology to enhance creativity and customer engagement. The report analyzes award-winning campaigns from brands like Nike and Spotify, highlighting the synergy between technology and creativity. Key findings emphasize the importance of data in crafting personalized experiences, adapting marketing to evolving consumer behaviors, and fostering collaboration between marketing and performance teams. The report is essential for brands aiming to improve marketing effectiveness.

Braze (NASDAQ: BRZE) will hold an Investor Event on October 13th at 1:30 pm ET to discuss its business and product development efforts. The event will be broadcast live, with an on-demand replay available on their Investor site. Braze is recognized for its customer engagement platform, allowing brands to optimize marketing campaigns through real-time customer data processing. The company has received accolades from Fortune as one of the Best US and UK Workplaces in Technology, and for its commitment to diversity and workplace culture.

Braze reported a significant 54.5% increase in revenue for the second quarter of fiscal 2023, totaling $86.1 million. The growth was driven by new customer acquisitions and upsell opportunities. The company achieved a dollar-based net retention rate of 126%, indicating a strong customer engagement. Despite a GAAP operating loss of $35.1 million and increased cash usage in operations, Braze remains optimistic about its long-term strategy and market positioning. The Q3 revenue guidance is set between $90.0 - 91.0 million.