MicroStrategy Q4 Earnings: Revenue Miss, Bitcoin Strategy Update And More
Portfolio Pulse from Adam Eckert
MicroStrategy Inc (NASDAQ:MSTR) reported a Q4 revenue decrease of 6.1% year-over-year to $124.5 million, missing the consensus estimate of $132.9 million. Adjusted earnings were $5.62 per share. The company saw declines in product licenses, subscription services, and other revenues. It raised approximately $1.2 billion from at-the-market offerings, ending the quarter with $46.8 million in cash. MicroStrategy increased its Bitcoin holdings to 189,150 at an average cost of $31,224 per coin. Shares were down 0.62% after hours.
February 06, 2024 | 9:21 pm
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MicroStrategy reported a Q4 revenue decrease and missed consensus estimates, but highlighted significant Bitcoin investments and the launch of MicroStrategy AI.
The revenue miss and year-over-year decline are likely to negatively impact investor sentiment in the short term, despite the company's strategic investments in Bitcoin and innovation in AI. The after-hours stock price movement suggests an immediate negative reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100