Passenger Announces 692 Percent Bookings Growth in Q3
Top Fortune 500 Brands Embrace Passenger’s On-Demand Platform to Collaborate and Co-Innovate with their Customers
Passenger today announced record-breaking sales results for its fiscal third quarter ending on Tuesday, Sept. 30. Passenger achieved bookings growth of 217 percent over its second fiscal quarter, and year over year growth of 692 percent, surpassing company forecasts. Many of the most iconic brands in the world use Passenger’s intuitive software-as-a-service platform and professional services to infuse the voice of the customer into their businesses.
New Passenger customers are global leaders in their respective categories, including:
• One of the top two online broadcast networks in the world
• A multi-billion dollar shipping and logistics services company
• A top automotive manufacturer
• A global leader in the beverage industry
• An American cable TV network
• A luxury lifestyle brand
In addition, Passenger renewed accounts with several large brands in the automotive, retail, media and entertainment industries. Customer retention for the quarter and all previous quarters since the Company was founded in 2005 remains 100%. Passenger attributes its high customer retention and revenue growth during the softening economy to the fact that brands value direct access and dialog with customers to shape products, marketing programs and advertising campaigns. This insight enables Passenger’s clients to spend less on the planning and execution of costly marketing initiatives and in designing new products.
"We saw strong customer traction in Q3, winning new accounts and expanding existing ones with some of the world’s top consumer, media and fashion brands," said Justin Cooper, co-founder and chief innovation + marketing officer, Passenger. "We attribute Passenger’s continued success to the real business value these brands are realizing from our unique blend of collaboration technology and community management services. ‘Community’ is a broadly interpreted term in the industry, but Passenger’s proven approach is explicitly geared towards helping our clients co-innovate with their customers in the areas of marketing, branding and product development."
In addition to record-breaking customer momentum, Passenger expanded its management team with the appointment of Samantha Skey to senior vice president of business development and general manager of the eastern region. Samantha joined Passenger from Alloy Media + Marketing, one of the country's largest providers of nontraditional media programs, where she served as executive vice president, strategic marketing. To carry on this momentum, Passenger will be announcing other senior level appointments in the near future, aimed at capitalizing on growth opportunities within the channel and internationally.
Passenger today announced record-breaking sales results for its fiscal third quarter ending on Tuesday, Sept. 30. Passenger achieved bookings growth of 217 percent over its second fiscal quarter, and year over year growth of 692 percent, surpassing company forecasts. Many of the most iconic brands in the world use Passenger’s intuitive software-as-a-service platform and professional services to infuse the voice of the customer into their businesses.
New Passenger customers are global leaders in their respective categories, including:
• One of the top two online broadcast networks in the world
• A multi-billion dollar shipping and logistics services company
• A top automotive manufacturer
• A global leader in the beverage industry
• An American cable TV network
• A luxury lifestyle brand
In addition, Passenger renewed accounts with several large brands in the automotive, retail, media and entertainment industries. Customer retention for the quarter and all previous quarters since the Company was founded in 2005 remains 100%. Passenger attributes its high customer retention and revenue growth during the softening economy to the fact that brands value direct access and dialog with customers to shape products, marketing programs and advertising campaigns. This insight enables Passenger’s clients to spend less on the planning and execution of costly marketing initiatives and in designing new products.
"We saw strong customer traction in Q3, winning new accounts and expanding existing ones with some of the world’s top consumer, media and fashion brands," said Justin Cooper, co-founder and chief innovation + marketing officer, Passenger. "We attribute Passenger’s continued success to the real business value these brands are realizing from our unique blend of collaboration technology and community management services. ‘Community’ is a broadly interpreted term in the industry, but Passenger’s proven approach is explicitly geared towards helping our clients co-innovate with their customers in the areas of marketing, branding and product development."
In addition to record-breaking customer momentum, Passenger expanded its management team with the appointment of Samantha Skey to senior vice president of business development and general manager of the eastern region. Samantha joined Passenger from Alloy Media + Marketing, one of the country's largest providers of nontraditional media programs, where she served as executive vice president, strategic marketing. To carry on this momentum, Passenger will be announcing other senior level appointments in the near future, aimed at capitalizing on growth opportunities within the channel and internationally.











