Record Revenue and Growth
For the fourth quarter of 2024, CCC's total revenue was $246 million, up 8% year-over-year and at the high end of our guidance range. Total revenue for the fiscal year 2024 was $945 million, up 9% year-over-year.
Strong EBITDA Performance
Adjusted EBITDA for the fourth quarter was $106 million, ahead of our guidance range, and adjusted EBITDA margin was 43%. Full year 2024 Adjusted EBITDA was $397 million, up 12% year-over-year with an adjusted EBITDA margin of 42%, up about 130 basis points year-over-year.
Expansion of CCC Network
In 2024, CCC made significant progress in strengthening and expanding the scope of the CCC network, with several key renewals and new customer additions including onboarding over 1,000 new collision repair facilities.
Launch of New AI Solutions
Our leadership in product innovation and AI continued to advance in 2024 with the launch of several new solutions and our IX Cloud event-based architecture. Our AI is now in production at over 100 insurers and over 10,000 collision repairs.
Acquisition of EvolutionIQ
Through our acquisition of EvolutionIQ, we expanded our addressable markets into disability and workers' compensation while also deepening and strengthening our AI and casualty capabilities.