Consensus Cloud Q2 2022 Earnings Report
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.
Consensus Cloud
Consensus Cloud
Consensus Cloud 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