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Benzinga
8 days

GitLab Stock Drops After Q1 Report, Q2 Revenue Guidance Below Estimate

1. GitLab exceeded earnings expectations with 17 cents per share reported. 2. Quarterly revenue was $214.51 million, surpassing estimates by $1.35 million. 3. Customer growth: 10,104 over $5K ARR, up 13%; 1,288 over $100K ARR, up 26%. 4. Dollar-Based Net Retention Rate improved to 122% year-over-year. 5. Stock fell 11.67% in after-hours trading, indicating market concerns.

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FAQ

Why Bearish?

Despite positive earnings, the stock decline suggests investor skepticism about future growth.

How important is it?

The article contains key financial results and outlook, influencing market perceptions significantly.

Why Short Term?

Immediate market reaction reflects investor concerns, but growth metrics are positive for future potential.

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