Bandwidth Q2 2024 revenue $174M (+19% YoY), adj. EBITDA $19M, FCF turns positive

Bandwidth Inc.

2024-Q2 EPS reported -$0.19 revenue$344,635,000

Revenue $174M, up 19% YoY; GAAP gross margin 37%, non-GAAP 56%.
Adjusted EBITDA $19M vs $11M in prior-year quarter, exceeding expectations.
Free cash flow $18M, a $19M improvement from -$1M a year ago.
CEO cites Maestro and AI Bridge as drivers of strong performance.
No formal guidance revision disclosed; company notes strong first-half progress.

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