Hagerty raises FY25 revenue view to $1.37B-$1.38B from $1.36B-$1.37B

Consensus $1.36B. Raises FY25 adjusted EBITDA view to $170M-$176M from $162M-$172M. The company said, “We believe 2025 is on track to be another year of strong profit growth for Hagerty (HGTY) as our team executes on our long-term plan to create value for stakeholders by delivering high rates of compounding revenue growth through investing in our long-term competitive advantages. In 2025, these investments aggregate to $20 million of elevated spend, primarily in our new technology platform, Duck Creek, which we believe will help us more efficiently grow our business over the coming years. We remain focused on growing our Insurance, Membership and Marketplace businesses, positioning us to deliver sustained, compounding profit growth over the coming years, and fund our purpose to save driving and fuel car culture for future generations.”