Amplitude, Inc. (NASDAQ:AMPL) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET
Company Participants
Yaoxian Chew - Vice President, Investor Relations
Spenser Skates - Chief Executive Officer & Co-Founder
Hoang Vuong - Chief Financial Officer
Conference Call Participants
Michael Vidovic - KeyBanc
Clarke Jeffries - Piper Sandler
Arjun Bhatia - William Blair
Koji Ikeda - Bank of America Merrill Lynch
Nick Altmann - Scotia
Claire Guido - UBS
Tyler Radke - Citi
Yaoxian Chew
Hello, everyone. Welcome to Amplitude's Third Quarter 2022 Earnings Conference Call. I'm Yaoxian Chew, Vice President of Investor Relations. Joining me are Spenser Skates, CEO and Co-Founder of Amplitude; and Hoang Vuong, the company's Chief Financial Officer.
During today's call, management will make forward-looking statements, including statements regarding our financial outlook for the fourth quarter and full year 2022, the expected performance of our products, our expected quarterly and long-term growth, investments and our overall future prospects.
These forward looking statements are based on current information, assumptions, and expectations and are subject to risks and uncertainties some of which are beyond our control that could cause actual results to differ materially from those described in these statements.
Further information on the risks that could cause actual results to differ is included in our filings with the Security and Exchange Commission, you are cautioned not to place undue reliance on these forward-looking statements, and we assume no obligation to update these statements after today's call except as required by law.
Certain financial measures used on today's call are expressed on a non-GAAP basis. We use these non-GAAP financial measures internally to facilitate analysis of our financial and business trends and for internal planning and forecasting purposes.
These non-GAAP financial measures have limitations and should not be used in isolation from or as a substitute for financial information prepared in accordance with GAAP.
A reconciliation between these GAAP and non-GAAP financial measures is included in our earnings press release, which can be found on our Investor Relations website at investors.amplitude.com.
With that, I'll hand the call over to Spenser.
Spenser Skates
Thank you, Yao. Good afternoon, everyone tuning in for our Q3 2022 earnings call. Amplitude delivered a strong third quarter we closed with $61.6 million in revenue, up 35% year-over-year. This was above the high end of our guidance. We are also delivering strong operating leverage and raising our margin outlook for the year, thanks to our disciplined investment approach. Our dollar-based net retention was 123%. We now have more than 1,900 customers.