RingCentral reports Q4 2024 revenue above guidance, record cash flow, and promotes Kira Makagon to President and COO

RingCentral, Inc.

2024-FY EPS reported -$0.63 revenue$2,400,395,000

Q4 2024 revenue of $615M, up 8% YoY, beating guidance; subscriptions revenue $590M, up 8%.
Record free cash flow of $112M in Q4; full-year 2024 free cash flow $403M, up from $324M in 2023.
GAAP operating income of $16M in Q4 vs. ($45M) loss a year ago; full-year GAAP operating income $3M.
FY2025 guidance: subscriptions revenue growth 5%-7%, non-GAAP EPS $4.13-$4.27, FCF ~$500-$510M.
Kira Makagon promoted to President and COO; launched AI Receptionist (AIR) and appointed Amy Guggenheim Shenkan to board.

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