Buffer’s quarterly results for 2023

Up: § 2023 Shareholder Letter Index

Reference: Q2 2023 Reflection, Shareholder update, June 2023

Delving into our results by quarter, it becomes more clear that we have stalled the decline. The majority of our decline for 2023 occurred in Q1, where we saw a 1.22% decline in MRR/ARR. From there, we had two relatively flat quarters in Q2 (-0.03%) and Q3 (-0.07%), and concluded the year with a slightly steeper dip (-0.42%), which mostly occurred in December (typically our slowest month). On a monthly basis, we had 7 months of decline in 2023 and 5 months where we grew, in contrast to 2022, where we declined for 11 of 12 months.