Amplitude, Inc. (NASDAQ:AMPL) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET

Company Participants

Yaoxian Chew – Vice President-Investor Relations

Spenser Skates – Chief Executive Officer and Co-Founder

Hoang Vuong – Chief Financial Officer

Conference Call Participants

Koji Ikeda – Bank of America

Tyler Radke – Citi

Taylor McGinnis – UBS

Nick Altmann – Scotia

Arjun Bhatia – William Blair

Fiona Hynes – Morgan Stanley

Patrick Schulz – Baird

Michael Vidovic – KeyBanc

Yaoxian Chew

Hello, everyone. Welcome to Amplitude’s Second 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 third quarter and full year 2022, the expected performance of our products, our financial goals, 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 that 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 Securities 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 in our Investor Relations website at investors.amplitude.com.

With that, I will hand the call over to Spenser.

Spenser Skates

Thank you, Yao, and hello everyone. We appreciate you tuning in for our Q2 2022 earnings call. Amplitude had a great second quarter. We're seeing many opportunities for growth in our early market. We closed our second quarter with $58.1 million in revenue, up 48% year-over-year and above the high end of our guidance. Our dollar-based net retention rate was also strong at 126%. And as you'll hear from Vuong, we are also raising our top and bottom line guidance for the year.