Consensus Cloud Q2 revenue rises 4.1%, beats estimates
CCSI•Result drivers
- Corporate channel growth - Co said corporate channel revenue grew over 9%, the strongest since Q4 2022
- SoHo channel improvement - Co said SoHo channel showed meaningful improvement ahead of expectations, despite revenue decline
- Unrealized investment gain - Net income increase was primarily due to an unrealized gain on investments, per co
Q2 results beat estimates
- US digital cloud fax provider's Q2 revenue rose 4.1%, beating analyst expectations
- Q2 adjusted net income and adjusted EBITDA both beat analyst expectations
- Company increased stock buyback authorization to $200 mln, repurchased 300,000 shares in Q2
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $91.36 mln | $89.63 mln (4 Analysts) |
| Q2 EPS | $1.43 | ||
| Q2 Adjusted Net Income | Beat | $28.66 mln | $25.73 mln (4 Analysts) |
| Q2 Net Income | $27.37 mln | ||
| Q2 Adjusted EBITDA | Beat | $48.30 mln | $47.69 mln (4 Analysts) |
| Q2 Adjusted EBITDA Margin |
