EverCommerce Q3 2023 Earnings Report
Key Takeaways
EverCommerce reported a revenue of $174.7 million, representing a 10.5% increase year-over-year. The company's net loss was $0.6 million, and Adjusted EBITDA reached $41.8 million, a 38.6% increase year-over-year.
Revenue increased by 10.5% to $174.7 million compared to the same quarter last year.
Subscription and transaction fee revenue grew by 10.5% to $132.6 million year-over-year.
Net loss improved to $0.6 million, or $(0.00) per share, compared to a net loss of $15.9 million, or $(0.08) per share, in the prior year.
Adjusted EBITDA increased by 38.6% to $41.8 million compared to the same quarter last year, representing 485 basis points of margin expansion.
EverCommerce
EverCommerce
EverCommerce Revenue by Segment
Forward Guidance
For the fourth quarter of 2023, EverCommerce expects revenue to be in the range of $170 million to $174 million and Adjusted EBITDA to be in the range of $35.5 million to $39.5 million. For the full year 2023, the company expects revenue to be in the range of $676 million to $680 million and Adjusted EBITDA to be in the range of $148 million to $152 million.
Positive Outlook
- Revenue is expected to be in the range of $170 million to $174 million for Q4 2023.
- Adjusted EBITDA is expected to be in the range of $35.5 million to $39.5 million for Q4 2023.
- Revenue is expected to be in the range of $676 million to $680 million for full year 2023.
- Adjusted EBITDA is expected to be in the range of $148 million to $152 million for full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income