Consensus Cloud Q1 2023 Earnings Report
Key Takeaways
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.
Q1 2023 GAAP quarterly revenues increased by $2.2 million, or 2.4%, to $91.5 million compared with $89.3 million for Q1 2022.
GAAP net income decreased to $15.5 million in Q1 2023 compared to $18.5 million for Q1 2022.
Adjusted EBITDA for Q1 2023 was $44.2 million, compared to $48.6 million for Q1 2022.
Consensus ended the quarter with $111.3 million in cash and cash equivalents.
Consensus Cloud
Consensus Cloud
Consensus Cloud Revenue by Segment
Forward Guidance
The Company reaffirms its 2023 full year guidance. Revenue is expected to be between $370 million and $390 million. Adjusted EBITDA is expected to be between $192 million and $206 million. Adjusted non-GAAP earnings per diluted share is expected to be between $4.93 and $5.20.
Positive Outlook
- Revenue is expected to be between $370 million and $390 million.
- Adjusted EBITDA is expected to be between $192 million and $206 million.
- Adjusted non-GAAP earnings per diluted share is expected to be between $4.93 and $5.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income