EverCommerce Announces Fourth Quarter and Full Year 2024 Financial Results

Core Insights - EverCommerce Inc. reported financial results for Q4 and the full year 2024, exceeding revenue and Adjusted EBITDA guidance, highlighting significant progress in transformation initiatives and strategic investments in SaaS and embedded payments [3][9][11] Financial Performance - Q4 2024 revenue reached $175.0 million, a 3.3% increase from $169.4 million in Q4 2023; pro forma revenue, excluding fitness solutions, increased approximately 7.0% [9] - Subscription and transaction fee revenue for Q4 2024 was $139.0 million, up 4.2% from $133.5 million in Q4 2023; pro forma subscription and transaction fee revenue increased approximately 8.9% [9] - Adjusted EBITDA for Q4 2024 was $50.4 million, compared to $43.1 million in Q4 2023 [9] - The net loss for Q4 2024 was $12.2 million, or ($0.07) per share, an improvement from a net loss of $23.3 million, or ($0.12) per share, in Q4 2023 [9] Share Repurchase Program - The company repurchased 0.6 million shares for approximately $7.0 million during Q4 2024, with $32.7 million remaining under the repurchase program as of December 31, 2024 [4][5] Business Outlook - For Q1 2025, revenue is expected to be between $138 million and $141 million, with Adjusted EBITDA projected in the range of $39 million to $41 million [10] - Full year 2025 revenue is anticipated to be between $581 million and $601 million, with Adjusted EBITDA expected between $167.5 million and $175.5 million [15] Strategic Initiatives - The company is refining its strategy around SaaS solutions and evaluating strategic alternatives for its marketing technology solutions, expecting a sale within the next twelve months [6][11]