ServiceNow just got punished by Wall Street 📉

$NOW (+1,19 %) reported its Q3 results:

📈 Revenue: $4.1B (+20.5%)

💰 Subscription revenue: +21%

🤖 AI contract value target: $1.7B

📉 Stock reaction: around -15% after hours

So what's the problem?

For me, this is a perfect example of how strong business growth doesn't always translate into strong stock performance.

ServiceNow is still growing fast, but investors are expecting near-perfect execution, especially when it comes to AI monetization and profitability.

The business looks solid. The expectations might simply be too high.