Evercommerce, Inc. ( (EVCM) ) has released its Q4 earnings. Here is a breakdown of the information Evercommerce, Inc. presented to its investors.
EverCommerce Inc. is a service commerce platform that provides integrated SaaS solutions to over 740,000 global service-based businesses, focusing on the Home, Health, and Wellness industries. The company offers end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications.
In its latest earnings report, EverCommerce announced a revenue of $175 million for the fourth quarter of 2024, marking a 3.3% increase from the previous year. The company also reported a net loss reduction from $23.3 million to $12.2 million year-over-year, alongside a rise in Adjusted EBITDA from $43.1 million to $50.4 million.
Key financial metrics highlighted include a 4.2% increase in subscription and transaction fee revenue, reaching $139 million, and a notable improvement in pro forma revenue growth by 7%. Additionally, the company repurchased 0.6 million shares, reflecting a strategic move to enhance shareholder value.
Looking forward, EverCommerce is optimistic about its growth trajectory, driven by strategic investments in SaaS solutions and embedded payments, including AI initiatives. The company anticipates continued revenue growth and improved Adjusted EBITDA in 2025, despite plans to divest its marketing technology solutions.