AppFolio, Inc. today announced its financial results for the third quarter ended September 30, 2024, reporting total revenue of $205.7 million. This represents a 24% increase compared to the third quarter of 2023, surpassing Wall Street's expectations.
The company also reported GAAP earnings per share of $0.90 and non-GAAP earnings per share of $1.29, significantly beating the consensus estimate of $1.03 per share. These results reflect strong execution and customer focus, according to AppFolio's President and CEO, Shane Trigg.
Based on its strong performance, AppFolio raised its full-year 2024 revenue outlook to a range of $786 million to $790 million, compared to the previous consensus of $778.84 million. This updated guidance indicates continued growth momentum for the company.
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