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BlackLine Q1: Beats Estimates, Raises Guidance
Description
BlackLines Q1 2026 performance exceeded expectations with $183.2M revenue, beating estimates by $2M, and adjusted EPS of $0.56, surpassing the forecast of $0.45. Despite share drop, management highlighted Studio three sixty and Verity AI suite driving larger deals and stickier customers, particularly with big enterprises. Churn in the lower mid-market remains a challenge, but full-year revenue guidance was raised to $767M and adjusted EPS to $2.47. Net revenue retention remained at 105% with billings up 9.2% YoY. Focus on AI adoption, platform migrations, SAP partnership, and mid-market improvements amid global headwinds.
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