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Sep 30, 2024
EverCommerce Q3 2024 Earnings Report
EverCommerce's Q3 2024 financial results were announced, revealing revenue growth and strategic focus on transformation and optimization initiatives.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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