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Sep 30, 2024
MeridianLink Q3 2024 Earnings Report
MeridianLink's Q3 2024 performance was impacted by the macro environment, but highlighted disciplined execution and the ability to deliver durable growth.
Key Takeaways
MeridianLink reported Q3 2024 revenue of $80.4 million, a 5% year-over-year increase, driven by a 7% increase in lending software solutions revenue. The company's net loss was $(7.1) million, while adjusted EBITDA reached $33.8 million.
Revenue increased by 5% year-over-year, reaching $80.4 million.
Lending software solutions revenue grew by 7% year-over-year, totaling $63.0 million.
Operating income was $2.6 million, representing 3% of revenue.
The company returned $31.3 million to stockholders through stock repurchases.
Revenue by Segment
Forward Guidance
MeridianLink expects Q4 2024 revenue to be in the range of $76.0 million to $80.0 million and adjusted EBITDA to be in the range of $29.5 million to $32.5 million. Full year 2024 revenue is expected to be in the range of $313.0 million to $317.0 million and adjusted EBITDA to be in the range of $127.0 million to $130.0 million.
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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