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00:02Navin reported first quarter earnings of $0.08 per share,
00:06beating the consensus estimate for a loss of $0.01, according to Benzinga Prodata.
00:11Revenue came in at $220.23 million, topping the street estimate of $205.27 million
00:18and up from $157.46 million a year ago.
00:23Usage revenue reached $202 million, up 41% year over year,
00:28while subscription revenue hit $18 million, up 26%.
00:32Gross booking volume grew 50% year over year, to $3.1 billion,
00:37and payment volume grew 29% to $1.3 billion.
00:42CEO Ariel Cohen credited accelerating growth across the business.
00:47Navin raised its fiscal 2027 revenue outlook to $907 million to $913 million,
00:54above the $884.47 million analyst estimate.
00:59Shares were up by 20.70% at $24.96 in Thursday's pre-market trading,
01:05according to data from Benzinga Pro.
01:07For all things money, visit Benzinga.com.
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