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Jun 30, 2022
Consensus Cloud Q2 2022 Earnings Report
Consensus Cloud's Q2 2022 financial results were reported, showing revenue growth and progress in key strategic areas.
Key Takeaways
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.
GAAP quarterly revenues increased by 6.1% to $93.2 million compared to Q2 2021.
Corporate business grew by 17.1%, including $2.6 million from the Summit acquisition.
GAAP net income decreased to $22.3 million compared to $38.9 million for Q2 2021.
Adjusted non-GAAP earnings per diluted share increased to $1.45, a 6.6% increase compared to Q2 2021.
Revenue by Segment
Forward Guidance
For 2022, Consensus Cloud Solutions estimates revenues between $375 million and $385 million, Adjusted EBITDA between $201 million and $207 million, and Adjusted non-GAAP earnings per diluted share between $5.36 and $5.50.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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