EverCommerce Q3 2024 Earnings Report
Key Takeaways
EverCommerce reported Q3 2024 revenue of $176.3 million, a 0.9% increase year-over-year, and an adjusted EBITDA of $44.5 million. The company repurchased 1.4 million shares of common stock for approximately $14.6 million during the quarter. Looking ahead to 2025, the focus is on implementing transformation and optimization initiatives.
Revenue increased by 0.9% to $176.3 million compared to Q3 2023.
Pro Forma Revenue, excluding fitness, increased 4.3% year-over-year.
Subscription and transaction fee revenue grew by 3.7% to $137.6 million.
Adjusted EBITDA was $44.5 million, compared to $41.8 million in the same quarter last year.
EverCommerce
EverCommerce
EverCommerce Revenue by Segment
Forward Guidance
For the fourth quarter 2024, EverCommerce expects revenue to be in the range of $168 million to $172 million, and adjusted EBITDA to be in the range of $43 million to $46 million. Note that the revenue guidance excludes now-divested fitness assets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income