Commerce.com shares surge 15.85% premarket on Q3 earnings beat, AI product traction, and PayPal-Microsoft partnerships.

Commerce.com Inc. (CMRC) surged 15.85% in premarket trading following its Q3 2025 earnings report, which highlighted strong financial performance and strategic momentum. The company exceeded non-GAAP operating income guidance and reported $86 million in revenue, aligning with expectations. Key drivers included robust partnerships with PayPal, Microsoft, and Stripe, as well as traction from its new product, Feedonomics Surface, which became the most downloaded app in its category. Management emphasized a strategic pivot toward AI-led commerce and product-led growth, while highlighting an 86% reduction in net debt since 2023. Despite challenges in enterprise ARR and customer retention, the earnings call underscored confidence in B2B expansion and AI readiness, with CEO Travis Hess noting strong beta participation from major brands. The positive earnings surprise (700% above estimates) and improved profitability likely fueled the sharp premarket rally.