Revenue of $22.9 million, an increase of 23% year-over-year (YoY).Budman.įourth Quarter 2022 Financial Highlights: “Turning to our own financial picture, as we continue to grow revenue, we're moderating expense growth and are targeting to approach adjusted EBITDA breakeven in Q4 of this year,” continued Mr. Further, Backblaze B2 is very easy to use, saving users up to 90% of the time it takes to manage traditional cloud services.” “Given the uncertain macroeconomic environment, businesses have even more reason to seek cost savings with best-of-breed cloud services-and Backblaze provides them a solution with B2 Cloud Storage, which is one-fifth the price of traditional cloud storage providers such as Amazon S3. “We are excited as we begin 2023 as we see the opportunity to help more small and large businesses reduce the cost of their cloud infrastructure,” continued Mr. “We were pleased to finish 2022 with strong Q4 overall revenue growth of 23% driven by an increasing proportion of our B2 Cloud Storage service, which grew 44% in Q4,” said Gleb Budman, CEO of Backblaze. (Nasdaq: BLZE), a leading specialized storage cloud platform, today announced results for its fourth quarter and year ended December 31, 2022. 15, 2023 (GLOBE NEWSWIRE) - Backblaze, Inc. 44% Revenue Growth in B2 Cloud Storage 23% Revenue Growth Overall in Q4 2022
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