Momentive Announces Third Quarter 2022 Financial Results
Momentive Global Inc. (MNTV)
Company Research
Source: Business Wire
SAN MATEO, Calif.--(BUSINESS WIRE)--Momentive (NASDAQ: MNTV), the maker of SurveyMonkey and GetFeedback, today reported third quarter results for the period ended September 30, 2022.“In the third quarter, we remained focused on our long-term revenue growth and profitability targets while navigating an increasingly challenging macroeconomic environment,” said Zander Lurie, chief executive officer of Momentive. “We delivered 7.6% non-GAAP operating margin in Q3, exceeding our prior guidance range, and we now expect to drive approximately 15% non-GAAP operating margin in Q4. By reinvigorating our self-serve channel, expanding our existing customer relationships, and streamlining our go-to-market motion, we expect to drive continued operating leverage in 2023 and deliver Rule of 40 financial performance over time.”Q3 2022 Financial HighlightsTotal revenue was $121.4 million, an increase of 6% year-over-year.Sales-assisted channel revenue was $46.7 million, an increase of 24% year-over
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