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Bending Spoons tops estimates but guidance drives shares lower
Revenue jumped 126% year over year to $704 million, but full-year 2026 revenue guidance of $2.78 billion to $2.82 billion trails the $2.895 billion Wall Street average.
BSP Bending Spoons S.p.A. (NASDAQ: BSP) reported second-quarter 2026 results that exceeded Wall Street expectations, with revenue up 126% year over year to $704 million versus the $685 million consensus. Adjusted EPS came in at $0.46, beating the $0.27 forecast by a wide margin, and operating income rose 139% to $240 million, with an operating margin of 34%.
Despite the strong quarter, shares fell as much as 6.9% in pre-market trade, with the reaction tied to the company’s outlook rather than the reported numbers. Bending Spoons forecast full-year 2026 revenue of $2.78 billion to $2.82 billion, below the $2.895 billion Wall Street average, according to Yahoo Finance.
The company’s organic revenue growth was only 3% for the quarter, leaving investors focused on how much of the increase reflects acquisitions. Yahoo Finance said Bending Spoons expects an acquisition-heavy growth model, citing newly acquired businesses including AOL, Eventbrite, Harvest, MileIQ, Tractive, and Vimeo.
Bending Spoons also detailed the scale of its recent dealmaking, saying it has invested around €6 billion in 15 acquisitions since the beginning of 2023. The company reported $793 million in cash and $1.28 billion in borrowing capacity, while operating cash flow for the first half of 2026 was €254 million and interest expense increased 205% year over year to €109 million.
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