Consensus Cloud Earnings Reports

Consensus Cloud Solutions reported a revenue of $88.1 million for Q1 2024, a decrease of 3.6% compared to Q1 2023. However, the company achieved record GAAP net income and EPS, along with strong Adjusted EBITDA margin and free cash flow growth.

Consensus Cloud Solutions reported a decrease in GAAP quarterly revenues by 1.3% to $90.6 million compared to Q3 2022. However, GAAP net income increased to $24.0 million, and the company achieved a record free cash flow and cash reserves of $155.7 million.

Consensus Cloud Solutions reported a revenue increase of 1.8% to $92.8 million compared to Q2 2022. However, net income decreased to $21.1 million due to increased employee related expenses. The company ended the quarter with $112 million in cash and cash equivalents.

Consensus Cloud Solutions reported a revenue increase of 2.4% to $91.5 million in Q1 2023 compared to $89.3 million in Q1 2022. However, net income decreased to $15.5 million compared to $18.5 million for the same period last year. The company reaffirms its 2023 guidance.

Consensus Cloud Solutions reported a 1.4% increase in GAAP quarterly revenues to $90.2 million for Q4 2022 compared to $89.0 million for Q4 2021. GAAP net income from continuing operations increased to $16.2 million in Q4 2022 compared to $2.0 million for Q4 2021. Adjusted EBITDA for Q4 2022 was $49.0 million, compared to $51.6 million for Q4 2021.

Consensus Cloud Solutions reported a 6.1% increase in Q2 2022 GAAP quarterly revenues, reaching $93.2 million compared to $87.8 million in Q2 2021. The company's corporate channel drove growth with a 17% increase year-over-year. Net income decreased to $22.3 million, and EPS decreased to $1.11, while adjusted non-GAAP EPS increased to $1.45. The company reaffirmed its 2022 guidance.