February 6, 2023

Despite Loss, BlackBerry Still Adds 6 Million Users on Its BBM Platform

BlackBerry, BBM, BBM Protected

In BlackBerry’s Fiscal 2015 Second Quarter the company announced a net loss of $207 million, but still beat Wall Street estimates by $0.14. The company also managed to add 6 million users to its BBM calling and messaging application, available for iOS, Android, BlackBerry 10, and Windows Phone, growing from 85 million to 91 million in the last quarter.

“We delivered a solid quarter against our key operational metrics, and we are confident that we will achieve breakeven cash flow by the end of FY15,” said John Chen, Executive Chairman and CEO, BlackBerry. “Our workforce restructuring is now complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security, driving us towards non-GAAP profitability during FY16.”

BBM had 80 million users as of last October, which went up to 85 million users this year, finally surpassing 90 million users this quarter to end at 91 million. BBM is a key part of BlackBerry’s plans to return to profitability and was most recently relaeased on Windows Phone, with features such as BBM Channels coming to the platform later this year.