Q3 2024 Growth Data in SaaS
Dec 16, 2024
SaaS growth continues to stabilize at a nice level. Each quarter we look at the YOY revenue growth of every SaaS company that has IPO’d since October 2017. 62 of them are still public. The data is below and shows a stabilization at ~18% YOY for the past 5 quarters. While YOY growth is down materially from 2022 (YOY growth in Q1 2022 was 36% and as of Q2 2024 it sits at 17%), it has stabilized at a nice level.
Of note, out of the 62 companies, 22 of them (35%) have faster YOY growth in Q3 2024 than they did in Q3 2023.
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