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Docebo
Docebo (DCBO) investor relations material
Docebo Morgan Stanley Technology, Media & Telecom Conference 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Morgan Stanley Technology, Media & Telecom Conference 2026 summary5 Mar, 2026
Product and use case overview
Offers an AI-powered learning management system with modules for content, communities, and analytics, recently expanding to a multi-product approach with the acquisition of 365Talents for skills intelligence.
Serves both internal (onboarding, compliance, talent development) and external (vendor, customer, membership training) use cases, with large external academies driving higher ticket sizes.
Customers include major organizations like Target and Databricks, with examples of monetized and unmonetized customer academies.
Growing trend of companies monetizing learning and training customers on their platforms.
Demand trends and financial performance
Q4 2025 bookings were the strongest since Q4 2021, with mid-market and EMEA showing robust demand, while enterprise lagged but is showing early signs of improvement.
Customer count above $100K grew 25%, with higher retention and stickiness among larger, more complex organizations.
EBITDA grew 40% year-over-year in Q4 and 30% for the year, with low stock-based compensation and a declining share count.
Normalized ARR growth in Q4 was 12.5% excluding Dayforce and 14.5% excluding AWS, with $8M of churn from non-structural sources expected not to repeat in 2026.
AI strategy and product innovation
Launched GenAI content authoring in Q4 2024, Harmony Search for contextual answers, and Virtual Coach for role-play scenarios, with some features monetized and others driving user engagement.
Plans to expand Harmony Search to integrate with external platforms, creating new monetization opportunities.
Virtual role play is monetized through credits, with ongoing evaluation of pricing models.
AI adoption is faster in mid-market than enterprise, with some enterprise customers disabling AI features due to compliance concerns.
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Next Docebo earnings date
Q1 20268 May, 2026
Docebo
Next Docebo earnings date
Q1 20268 May, 2026
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Eferix Drawings Google Play
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Frequently asked questions
Docebo's Enterprise LMS is a flexible, easy-to-use, and affordable way to deliver learning outcomes both inside and outside the four walls of your organization. One LMS to manage training across the enterprise. Train any kind of workforces including employees, partners, or customers. Engage users with learning experiences that combine text, video, voice, graphics and data in highly interactive classes and course materials created with everyday tools like PowerPoint. Map content to your business needs or develop custom training from scratch. With dedicated support from Docebo and an active community of users you'll get the help you need to make your learning solution a success. Docebo's Enterprise LMS is headquartered in Toronto, Canada.
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