ServiceNow: Is it still worth buying after a 25% drop in stock price? Third-quarter performance and AI risks draw attention
Ai Focus
ServiceNow's stock price fell 25% on Thursday, recording the largest single-day decline so far. The company's revenue in the third quarter increased by over 20% to $4.11 billion, which was generally in line with expectations, but the adjusted earnings per share of $1.00 were lower than the estimated $1.02; the annual subscription revenue forecast was slightly raised to $15.78 billion to $15.79 billion. The new AI contract value increased by 65%, yet this did not alleviate market concerns about AI tools impacting the traditional software business.
ServiceNow's stock price fell by 25% on Thursday, setting a record for the largest single-day decline in the company's history. The third-quarter earnings announced earlier provided little reason for investors to remain optimistic.
The company's revenue grew by over 20% to $4.11 billion, which is basically in line with the market's expectation of $4.10 billion. The adjusted earnings per share were $1.00, lower than the estimated $1.02.
ServiceNow has slightly raised its annual subscription revenue forecast to between $15.78 billion and $15.79 billion, with the value of newly signed AI contracts increasing by 65%.
However, these data are still not sufficient to dispel market concerns: the AI tool may undermine traditional software business. Investors are also uneasy about the company's investment in establishing a new team of engineers within customer enterprises, as this expenditure has not yet yielded any returns.
The Tyler Radke of Citi indicates that it is not uncommon for ServiceNow to lack upward surprises.
Follow CoinMeta official accounts to stay updated
Views 29
CoinMeta reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
No comments yet. Be the first!
Approximately $11 billion in Bitcoin options will expire on Friday, what does this mean?Options worth approximately $11 billion, corresponding to around 135,000 bitcoins, will expire on Friday at Deribit. This accounts for about one-third of the outstanding Bitcoin option contracts on that exchange. Reports indicate that the maximum pain point is at $78,000, while the current Bitcoin price is around $81,500, meaning that about 86% of the contracts are out of the money. Meanwhile, on Wednesday, the Federal Reserve voted 10 to 2 to maintain interest rates between 3.75% and 4%.
Decrypt
·2026-10-30 01:21:229 
Robert Half Named One of Fortune's Best Female Workplaces of 2026Robert Half indicates that the company was rated by Fortune as one of the best workplaces for women in 2026. This list is based on a survey of approximately 640,000 women working in Great Place To Work certified companies, evaluating aspects such as work culture, benefits, promotion opportunities, and programs that support women's career development. The company states that women account for 53% of its total global workforce and hold positions in the company's board of directors, management, and leadership roles.
PR Newswire
·2026-10-30 01:11:529 
Standard Asset Company Announces $1.5 Billion Bitcoin and UAE Real Estate StrategyStandard Asset Company announces a strategy expected to reach a scale of $1.5 billion, which will combine Bitcoin reserves managed by Coinbase with real estate investments in the United Arab Emirates, with members of the Dubai royal family also among its supporters. The plan disclosed by the company includes phased purchases of Bitcoin, management of earnings, and the use of part of the returns for further reserves and real estate investments.
crypto.news
·2026-10-30 00:54:2220 
Glassnode claims that buying 4 million bitcoins at over $85,000 each may limit the reboundOn-chain analysis firm Glassnode states that long-term Bitcoin holders possess approximately 4 million Bitcoins purchased between $85,000 and $118,000, mainly acquired in 2025; meanwhile, the average cost for US spot Bitcoin ETF holders is close to $82,000, while the current Bitcoin price is around $81,600. The Federal Reserve maintained interest rates at 3.75% to 4.00% on Wednesday, with traders previously betting that the probability of another rate hike in December exceeded 70%.
Decrypt
·2026-10-30 00:54:2026 
Reportedly, the US once investigated suspected Chinese espionage plots targeting NVIDIA CEOAccording to a report by The New York Times citing anonymous sources, an executive from a Singaporean cloud company, which is accused of illegally selling NVIDIA chips to China, may also be a Chinese spy. NVIDIA has denied these allegations, stating that the interactions between Jensen Huang and this executive were no different from those with customers in other regions, and that the customers received only ordinary business information, not any sensitive business secrets or information related to national security.
TechCrunch
·2026-10-30 00:54:1920 View More
