CCC Intelligent Solutions Holdings Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents

CCC Intelligent Solutions Holdings Inc Q3 2023 Earnings Call Summary

CCC Intelligent Solutions Holdings Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents
CCC Intelligent Solutions Holdings Inc Q3 2023 Earnings Call Summary
Published Nov 06, 2023
14 pages (7683 words) — Published Nov 06, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of CCCS.OQ earnings conference call or presentation 6-Nov-23 10:00pm GMT

  
Brief Excerpt:

...A. I am pleased to report that CCC delivered another quarter of strong top and bottom line results reflecting both the predictability and mission-critical nature of our solutions. B. For the third quarter of 2023, CCC's total revenue was $221 million, up 11% year-over-year and ahead of our guidance range. C. Adjusted EBITDA was $93 million, up 19% year-over-year and well ahead of our guidance range. D. Our adjusted EBITDA margin was 42%, up 270 basis points year-over-year. E. Based on our strong performance in the third quarter, and year-to-date, coupled with our outlook for Q4, we are raising our revenue and adjusted EBITDA guidance for the full year, which Brian will walk through. F. In the 11 quarters, since becoming public, we have grown our revenue run rate by roughly $250 million to more than $880 million, an increase of about 40%. G. While growing our adjusted EBITDA run rate by roughly $150 million to more than $370 million, an increase of nearly 70%. H. At this point, about 17%...

  
Report Type:

Brief

Source:
Company:
CCC Intelligent Solutions Holdings Inc
Ticker
CCCS.OQ
Time
10:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "CCC Intelligent Solutions Holdings Inc Q3 2023 Earnings Call Summary" Nov 06, 2023. Alacra Store. May 01, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-CCC-Intelligent-Solutions-Holdings-Inc-Earnings-Call-B15774669>
  
APA:
Thomson StreetEvents. (2023). CCC Intelligent Solutions Holdings Inc Q3 2023 Earnings Call Summary Nov 06, 2023. New York, NY: Alacra Store. Retrieved May 01, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-CCC-Intelligent-Solutions-Holdings-Inc-Earnings-Call-B15774669>
  
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