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Jun 30, 2023
Consensus Cloud Q2 2023 Earnings Report
Reported financial results with revenue increase and net income decrease due to increased employee related expenses.
Key Takeaways
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.
GAAP quarterly revenues increased by $1.7 million, or 1.8%, to $92.8 million compared to Q2 2022.
GAAP net income decreased to $21.1 million in Q2 2023 compared to $21.9 million for Q2 2022.
Adjusted EBITDA for Q2 2023 of $47.7 million is unfavorable compared to Q2 2022 of $50.0 million.
Consensus ended the quarter with $112.0 million in cash and cash equivalents.
Revenue by Segment
Forward Guidance
Consensus Cloud Solutions is reaffirming its full year 2023 guidance at the low end of Revenue and Adjusted EBITDA and above the midpoint for Adjusted non-GAAP earnings per diluted share.
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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