MongoDB loses nearly a quarter of its value after adjusting revenue forecasts

MongoDB’s valuation tanked by as much as a quarter last night after it lowered expectations for revenue growth during the rest of the year, disappointing investors. The documents database biz — popular among builders of web-based applications — announced $450.6 million in revenue for its first quarter of fiscal 2025 ended …

[ChoHag]

> we believe that in the process of winning increased workload volumes, we unintentionally lost some focus on workload growth potential

If you're selling a free product, your customers aren't coming to you for the product itself.

[CowHorseFrog]

What does the quoted line *ACTUALLY* mean ?

Typical corporate bullshit, thats mongo's problem, corporate parasites.

[Korev]

Does this mean it's not webscale any more?

[Charlie Clark]

High price for marginal utility

NFT

[Missing Semicolon]

That's a shame

MongoDB Atlas is reasonably useful. It would be a shame if the company goes bust (or gets bought by an EvilCorp) because the management are too incompetent to turn a profit on nearly half a bil of revenue in a year.

A hint. At those sorts of revenue numbers, you are not a startup, and should now be in the profit stage of the lifecycle.

[Charlie Clark]

Re: That's a shame

Sounds like they're not charging enough for it then!

[Anomalous Cow Herd]

Re: That's a shame

The execs will extract their remuneration regardless of performance or profitability, then eventually get re-rewarded as they sell the business to EvilCorp who will sweat it until its dead.

[CowHorseFrog]

Re: That's a shame

Thats the american way/dream just ask the chinese.