Zuora reported non-GAAP earnings per share (EPS) of USD 0.11 for Q1 FY2025, compared to non-GAAP EPS of USD 0.05 recorded in Q1 FY2024, beating analyst consensus-estimated EPS by nearly 16% for Q1 FY2025. The company reported a 6% YoY increase in total revenue to USD 109.8 million for Q1 FY2025, compared to USD 103.1 million recorded in Q1 FY2024, in line with analyst consensus estimates for Q1 FY2025.
Zuora reported an increase in customers with annual contract value more than or equal to USD 250,000 to 451 for Q1 FY2025, up from 436 recorded in Q1 FY2024. The company reported a decline in dollar-based retention rate (DBRR) to 104% in Q1 FY2025, down from 108% in Q1 FY2024, and an 8% YoY growth in annual recurring revenue to USD 404.4 million for Q1 FY2025, from USD 373.9 million recorded in Q1 FY2024.
During the quarter, Zuora closed its acquisition of Togai to enhance usage-based offerings and partnered with Ubisoft to power its Ubisoft+ and Rocksmith+ subscription services. The platform also onboarded new customers, expansions, and go-lives, including Mitsubishi Electric, The Asahi Shimbun Company, AVEVA, and The Atlantic.
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