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International Business Times UK
International Business Times UK
Business
Will Lorca

MongoDB Reports Q3 With $628M Revenue: 5 Key Takeaways Amid Nasdaq Volatility

MongoDB Nasdaq Google Nvidia
MongoDB reported 30% cloud growth amid collapse of AI hype stocks. (Credit: Jerzy Fischer/MongoDB)

MongoDB reported $628.3 million (£494 million) in third-quarter revenue and raised its full-year outlook, even as the Nasdaq experienced its worst volatility since April's tariff-induced market slump.

The New York-based company provides cloud database infrastructure tailored for enterprise AI applications. Its Atlas platform saw revenue increase by 30% year-over-year, highlighting a significant divergence in the AI sector.

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