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Jun 30, 2024
CCC Q2 2024 Earnings Report
CCC Intelligent Solutions Holdings Inc. reported strong second-quarter results, with revenue growth and a healthy adjusted EBITDA margin.
Key Takeaways
CCC Intelligent Solutions Holdings Inc. announced its financial results for the three months ended June 30, 2024. The company reported a 10% year-over-year increase in revenue and a 41% adjusted EBITDA margin.
Total revenue was $232.6 million, a 10% increase from the second quarter of 2023.
GAAP gross profit was $177.3 million, with a gross margin of 76%.
GAAP operating income was $22.5 million, compared to a GAAP operating loss of $73.2 million in the second quarter of 2023.
Adjusted EBITDA was $95.8 million, compared to $80.9 million in the second quarter of 2023.
Forward Guidance
The Company is issuing the following financial guidance: Third Quarter Fiscal 2024 Revenue $236.0 million to $238.0 million and Adjusted EBITDA $97.0 million to $99.0 million; Full Year Fiscal 2024 Revenue $941.0 million to $945.0 million and Adjusted EBITDA $391.0 million to $395.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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