MongoDB Inc Q3 2021 Earnings Call Summary - Thomson StreetEvents

MongoDB Inc Q3 2021 Earnings Call Summary

MongoDB Inc Q3 2021 Earnings Call Summary - Thomson StreetEvents
MongoDB Inc Q3 2021 Earnings Call Summary
Published Dec 08, 2020
19 pages (11293 words) — Published Dec 08, 2020
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of MDB.OQ earnings conference call or presentation 8-Dec-20 10:00pm GMT

  
Brief Excerpt:

...A. Highlights: Revenue $150.8m. 1. Up 38% YoverY. a. b. Above high-end of guidance. c. Subscription revenue up 39% YoverY. d. Atlas revenue up 61% YoverY. i. Represents 47% of revenue. 2. Another strong qtr. of customer growth ending qtr. with over 22,600 customers. 3. Another record qtr. of customer additions in direct sales and self-serve channels. Given strong product market fit of Atlas, decided to make number of changes that make it easier for new customers to get on to platform. a. Reaping benefits of adjustments with record customer growth and strong net ARR expansion. i. b. On self-serve side, continued efforts to broaden digital marketing funnel resulted in over 2,000 net Atlas customer additions. i. Self-serve business is increasing, not just important revenue generator in its own right, but also source of leads for sales force. ii. Strong self-serve net additions indicate that this flywheel effect will continue in future. 4. Customers are feeling more pressure than ever to innovate...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
MongoDB Inc
Ticker
MDB.OQ
Time
10:00pm GMT
Format:
PDF Adobe Acrobat
Buy Now

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst : Congrats on the results. Dev, so sales and marketing spend ticked back up as a percent of revs. You told us that would likely happen, and you're clearly seeing some nice yield from that spend. What's the plan from here? Is it more of the same? Or do you think -- does it feel like more spend could even yield faster customer growth?

Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst : Okay. Yes, makes sense. And then, Michael, a follow-up for you. So a more significant jump in a $100,000-plus cohort this quarter. Is that just timing that more happened across that threshold in Q3? Or is there something more insightful happening there?

Table Of Contents

MongoDB Inc at Needham Virtual Growth Conference Transcript – 2021-01-13 – US$ 54.00 – Edited Transcript of MDB.OQ presentation 13-Jan-21 3:00pm GMT

MongoDB Inc at Goldman Sachs Technology and Internet Conference (Virtual) Transcript – 2021-01-12 – US$ 54.00 – Edited Transcript of MDB.OQ presentation 12-Jan-21 2:40pm GMT

MongoDB Inc at Barclays Global Technology, Media and Telecommunications Conference (Virtual) Transcript – 2020-12-10 – US$ 54.00 – Edited Transcript of MDB.OQ presentation 10-Dec-20 2:30pm GMT

MongoDB Inc at UBS Global TMT Conference (Virtual) Transcript – 2020-12-09 – US$ 54.00 – Edited Transcript of MDB.OQ presentation 9-Dec-20 3:15pm GMT

MongoDB Inc Q3 2021 Earnings Call Transcript – 2020-12-08 – US$ 54.00 – Edited Transcript of MDB.OQ earnings conference call or presentation 8-Dec-20 10:00pm GMT

MongoDB Inc at Citi Global Technology Conference (Virtual) Transcript – 2020-09-09 – US$ 54.00 – Edited Transcript of MDB.OQ presentation 9-Sep-20 3:40pm GMT

MongoDB Inc Q2 2021 Earnings Call Summary – 2020-09-02 – US$ 54.00 – Edited Brief of MDB.OQ earnings conference call or presentation 2-Sep-20 9:00pm GMT

MongoDB Inc Q2 2021 Earnings Call Transcript – 2020-09-02 – US$ 54.00 – Edited Transcript of MDB.OQ earnings conference call or presentation 2-Sep-20 9:00pm GMT

MongoDB Inc Annual Shareholders Meeting Transcript – 2020-07-10 – US$ 54.00 – Edited Transcript of MDB.OQ shareholder or annual meeting 10-Jul-20 2:00pm GMT

MongoDB Inc at William Blair Growth Stock Conference Transcript – 2020-06-10 – US$ 54.00 – Edited Transcript of MDB.OQ presentation 10-Jun-20 9:40pm GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "MongoDB Inc Q3 2021 Earnings Call Summary" Dec 08, 2020. Alacra Store. May 11, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2021-MongoDB-Inc-Earnings-Call-B13514894>
  
APA:
Thomson StreetEvents. (2020). MongoDB Inc Q3 2021 Earnings Call Summary Dec 08, 2020. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2021-MongoDB-Inc-Earnings-Call-B13514894>
  
US$ 54.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.