Momentive Q2 Revenue Up 20%

Momentive (formerly SurveyMonkey) has reported a 20% increase in second quarter revenue to $109.4m, from $90.9m a year earlier; with a 33% rise in Enterprise sales to $33.9m and self-service revenue up 15% to $75.5m.

The firm provides online subscription-based tools through which individuals can create surveys, collect responses and analyze results, along with an Enterprise version, for companies wanting to gather, compare and share business-related feedback data. For the period ended June 30th this year, Enterprise sales revenue was around 31% of the firm's total, up from about 28% in Q2 2020. Momentive ended the quarter with roughly 9,400 enterprise sales customers, up 30% from approximately 7,200 in Q2 2020.

Paying users totalled 862,200, up 10% year-on-year, but about 90% of paying users were on annual plans, a rise of 86% from a year ago. Average revenue per user was $514, up 8% from $478 in Q2 2020.

CEO Zander Lurie (pictured) comments: 'Q2 was a strong execution quarter across the business. Our first half sets us up for continued strength in the second half of the year and we've laid the groundwork with various initiatives that will drive our enterprise growth profile for years to come. We've begun migrating existing enterprise survey customers to our new response-based pricing model and we are at the starting line with our rebrand'.

Web site: www.momentive.ai .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.