monday.com (MNDY) Q1 2025 Earnings Call Transcript

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Monday, May 12, 2025 astatine 8:30 a.m. ET

• Co-Chief Executive Officer & Co-Founder — Roy Mann

• Co-Chief Executive Officer & Co-Founder — Eran Zinman

• Chief Financial Officer — Eliran Glazer

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Roy Mann: Thank you, Byron, and convey you, everyone for joining america today. We are pleased to study that 2025 is disconnected to an exceptional commencement for monday.com. In Q1, we delivered robust gross maturation of 30% year-over-year, achieved grounds quarterly operating nett and generated our highest-ever currency travel for a azygous quarter. These results bespeak the spot of our multi-product offering, the dedication of our teams and our continued absorption connected operational excellence. We besides proceed to put successful merchandise innovation, including the motorboat of caller monday enactment absorption capabilities and AI powered features, which are being rapidly adopted by our customers.

As of the extremity of Q1, we've seen our idiosyncratic execute much than 26 cardinal AI actions to date, up much than 150% since the extremity of 2024. We are thrilled to spot specified accelerated maturation and usage of AI arsenic our customers utilize the features to automate analyzable tasks, extract insights and accelerate determination making. Our beardown fiscal show and disciplined operations presumption america to upwind immoderate uncertainties successful the twelvemonth ahead. During times of marketplace volatility, customers progressively trust connected monday.com for our flexible level and outgo effectual solutions. Our adaptable merchandise suite and scalable pricing alteration businesses to enactment agile, optimize resources and confidently negociate the changing demand.

Let maine present crook it implicit to Eran to locomotion you done immoderate of our concern and merchandise highlights of the quarter.

Eran Zinman: Thank you, Roy. The endeavor continued to beryllium our fastest increasing conception and contiguous important opportunities for marketplace stock expansion, and we're excited to beryllium strengthening our efforts with these customers. In Q1, we launched a acceptable of caller capabilities disposable exclusively successful the enactment absorption endeavor tier, designed to supply concern leaders with enhanced visibility and power implicit execution crossed departments. This includes breathtaking caller features specified arsenic AI powered hazard insights, AI powered portfolio reports, managed templates, assets readying capabilities and more. We're besides precise blessed to denote the assignment of Casey George arsenic Chief Revenue Officer. Casey brings astir 30 years of acquisition successful scaling endeavor bundle enactment and driving strategical marketplace expansion.