GitLab

GitLab reports Q1 revenue up 27% YoY to $214.5M, vs. $213.2M est., net loss of $36.3M, vs. $55.5M last year, raises earnings outlook; GTLB down 12%+

Mike Wheatley / SiliconANGLE :

GitLab co-founder Sid Sijbrandij steps down as CEO to focus on his health, transitions to executive chair, and names former New Relic CEO Bill Staples as CEO

Gitlab co-founder Sid Sijbrandij is stepping down as chief executive due to focus on his health, including treatment for cancer.

Sources: GitLab, which has an ~$8B market cap, is exploring a sale after attracting interest from its peers, including Datadog, which has a $44B market cap

GitLab (GTLB.O), a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet (GOOGL.O) …

GitLab reports Q1 revenue up 45% YoY to $126.9M, vs. $117.8M est., FY 2024 revenue guidance above estimates, and unveils generative AI plans; GTLB jumps 30%+

GitLab reports Q4 revenue up 58% YoY to $122.9M, a $46.3M operating loss, up from $40.6M YoY, and a weak revenue forecast for fiscal year 2024; GTLB drops 35%+

Jordan Novet / CNBC :

Microsoft's GitHub cuts 10% of its staff, or an estimated 300+; GitLab cuts 7%, or an estimated 114; report: GitHub will close offices and shift to remote work

Maria Deutscher / SiliconANGLE : Source: Fortune .

GitLab reports Q1 revenue up 75% YoY to $87.4M, a $26.1M net loss, down from $27.9M YoY, customers with $100K+ of ARR up 68% YoY to 545; stock closes up 28.01%

Mike Wheatley / SiliconANGLE :

GitLab closed up 35% in its Nasdaq debut, giving it a $14.9 billion market cap, after raising $801M in its IPO at an $11B valuation

Ari Levy / CNBC :

GitLab raises $801M after pricing its IPO at $77 per share, above its $66 to $69 range, giving it a market valuation of $11B

Bloomberg :

Filing: GitLab is looking to raise as much as $624M in its US IPO, targeting a valuation of ~$9B; GitLab was valued at $6B in a January secondary share sale

Sohini Podder / Reuters :