Vonage Reports First Quarter 2022 Financial Results

Vonage Hosts Virtual Socials Event to Showcase Programmable Communications Solutions

Vonage Holdings Corp. (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, today announced results for the quarter ended March 31, 2022.

First Quarter 2022 Highlights:

Consolidated revenue of $359 million, an increase of 8% year-over-year Consumer revenue of $62 million, a decrease of 19% year-over-yearVonage Communications Platform (VCP) revenue of $296 million, an increase of 16% year-over-year VCP Service revenue of $284 million, an increase of 18% year-over-year API revenue of $162 million, an increase of 28% year-over-yearUnified Communications & Contact Center Service revenue of $123 million, an increase of 7% year-over-yearConsolidated Net Loss of $17 million, a decrease of $17 million from the prior yearConsolidated Adjusted EBITDA(1) of $44 million, a decrease of $4 million from the prior year VCP Adjusted EBITDA of $2 million, an increase of $4 million from the prior yearConsumer Adjusted EBITDA of $42 million, a decrease of $8 million from the prior year

Vonage will not host a conference call to discuss its results for the first quarter 2022 or provide financial guidance for the second quarter or full year 2022 due to the previously announced proposed acquisition of Vonage by Ericsson.

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