Bending Spoons Q2 revenue jumps 126% to $704 million

EarningsM&A · Partnership
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Summary · why it matters

Bending Spoons reported second-quarter revenue of $704 million, up 126% year over year, with adjusted operating income rising 150% to $381 million. The company also announced it has agreed to acquire Airtable for an enterprise value of $1.29 billion, following its completed acquisition of Tractive for $759 million. For the third quarter, Bending Spoons expects revenue between $733 million and $745 million and adjusted operating income between $380 million and $400 million. Full-year guidance calls for revenue of $2.78 billion to $2.82 billion and adjusted operating income of $1.46 billion to $1.51 billion, excluding any contribution from the pending Airtable deal. The company raised $1.10 billion in net proceeds from its July initial public offering and ended the quarter with net debt of $4.09 billion.

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Off-coverage companies 2

Bending SpoonsPrivate▲ Positive
Capitalrelevance

Q2 revenue and adjusted operating income surged, with strong Q3 and full-year guidance, and a $1.10B IPO raised net proceeds.

AirtablePrivate▲ Positive
Capitalrelevance

Bending Spoons agreed to acquire Airtable for $1.29 billion, a positive valuation event for Airtable.