Upland Software sees 2024 revenue $269.6M-$281.6M, consensus $273.85M

The company said, “For the full year ending December 31, 2024, Upland expects reported total revenue to be between $269.6 and $281.6 million, including subscription and support revenue between $254.1 and $264.1 million, for a decline in total revenue of 7% at the mid-point from the year ended December 31, 2023. Full year 2024 Adjusted EBITDA is expected to be between $52.6 and $58.6 million, for an Adjusted EBITDA margin of 20% at the mid-point. This Adjusted EBITDA guide at the midpoint is a decline of 14% from the year ended December 31, 2023.”