Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 214

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 214
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 subscriptions from existing on-premises customers, a net increase in the use of subscription services by existing customers, and sales contracts with new customers. We expect our subscription services revenues to continue to grow in future periods as we continue to promote our cloud offering to new and existing customers. Product support revenues. The following table sets forth product support revenues (in thousands) and related percentage changes for the periods indicated:

|                                |     | Three Months Ended 
      September 30, |     |         |     |      % 
 Change |     | Nine Months Ended 
     September 30, |     |          |     | %      
 Change |
|                                |     |               2024 |     |    2023 |     |   2024 |     |              2023 |     |          |     |        |
| Product Support Revenues:      |     |                    |     |         |     |        |     |                   |     |          |     |        |
| Domestic                       |     |            $35,891 |     | $39,510 |     |  -9.2% |     |          $110,348 |     | $119,064 |     | -7.3%  |
| International                  |     |             25,124 |     |  27,350 |     |  -8.1% |     |            75,092 |     |   79,358 |     | -5.4%  |
| Total product support revenues |     |            $61,015 |     | $66,860 |     |  -8.7% |     |          $185,440 |     | $198,422 |     | -6.5%  |

Product support revenues are derived from providing technical software support and software updates and upgrades to customers. Product support revenues are recognized ratably over the term of the contract, which is generally one year. Product support revenues decreased $5.8 million and $13.0 million for the three and nine months ended

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TABLE OF CONTENTS

September 30, 2024, as compared to the same periods in the prior year, primarily due to certain existing customers converting from perpetual product licenses with separate support contracts to our subscription services offerings. Our product support revenues may experience declines in future periods as we continue to promote our cloud offering to new and existing customers. Other services revenues. The following table sets forth other services revenues (in thousands) and