Analysis of MicroStrategy's Q3'22 Earnings

Total Q3'22 revenue increased +2.7% QoQ and declined (2.1%) YoY at $125.4mm. MicroStrategy saw topline contraction across both product support and their other segments, while product licenses and subscription services increased +13.3% QoQ and +5.5% YoY. 

Product licenses grew +10.7% QoQ and contracted (13.7%) YoY to $22.3mm. On the other hand, MicroStrategy's long-term subscription revenue grew +17.1% QoQ and +51.2% YoY.