BlackBerry Ltd. announced on Wednesday that its revenue in the fourth quarter of fiscal 2025 dropped by 7% on an annual basis to reach $141.7 million, exceeding analysts' expectations.
The Canadian software company's net loss came in at $7.4 million in the reported quarter, improving by 86.8% year-on-year, while its diluted loss per share amounted to $0.01 in the fourth quarter, compared to $0.10 from the same period in the previous year. For the full fiscal year 2025, Blackberry reported a revenue of $534.9 million, declining from the $759.1 million in the previous year, while the net loss came in at $79 million, improving from the net loss of $130.2 million from the full fiscal 2024.
"BlackBerry closed out this transformational fiscal year with another quarter of strong financial performance from all three divisions: QNX, Secure Communications and Licensing," CEO John Giamattero said.
The company's shares fell by 1.88% at 7:54 am ET during premarket trading, selling for $3.66 apiece.
