SurveyMonkey records Q3 revenue growth
SurveyMonkey’s revenue for the third quarter was $79.3m, 23% of which came from enterprise sales – up from 12% in the same period last year.
The firm had 5,346 enterprise customers at the end of the quarter – an increase of 569 from the previous quarter and compared to 3,226 in the third quarter of 2018. New enterprise customers were bolstered by the company’s acquisition of GetFeedback, completed in September.
The company also grew its number of paying users to 713,217, up 15% year-on-year compared to the third quarter of 2018 and up 3% from the previous quarter this year.
Gross profit was $59.6m in the three months up to 30th September, compared to $41.9m in the same period last year.
Zander Lurie, chief executive officer at SurveyMonkey (pictured), said the company had made progress with the adoption of its “self-serve Teams plans” and expanding its international footprint, as outlined at its IPO in 2018. He added: “We are excited about this momentum as we enter the fourth quarter.”

We hope you enjoyed this article.
Research Live is published by MRS.
The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.
Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.
For example, there's an archive of winning case studies from over a decade of MRS Awards.
Find out more about the benefits of joining MRS here.
0 Comments