Altisource Portfolio Solutions SA (ASPS) Q3 2024 Earnings Call Transcript Summary
Altisource Portfolio Solutions SA (ASPS) Q3 2024 Earnings Call Transcript Summary
The following is a summary of the Altisource Portfolio Solutions SA (ASPS) Q3 2024 Earnings Call Transcript:
以下是altisource portfolio solutions SA (ASPS) Q3 2024 業績會交易摘要:
Financial Performance:
金融業績:
Altisource Portfolio Solutions reported Q3 2024 service revenue of $38.2 million, an 11.8% increase year-over-year.
Adjusted EBITDA was $3.6 million for the quarter, reflecting an improvement of $2.8 million from Q3 2023.
Service revenue grew both sequentially and year-over-year despite declines in default market activities. Year-to-date service revenue rose by $7.5 million compared to the same period last year.
Altisource Portfolio Solutions報告2024年Q3的服務營業收入爲3820萬美元,同比增長11.8%。
調整後的EBITDA爲季度內的360萬美元,與2023年Q3相比提高了280萬美元。
儘管違約市場活動下降,服務收入同比和環比均增長。截至目前,服務收入比去年同期增加了750萬美元。
Business Progress:
業務進展:
Altisource launched a renovation business with rapid initial growth, expecting it to be a significant contributor to future revenues.
The company secured $20.8 million in annualized service revenue from 2023 and 2024 sales wins.
Altisource anticipates continued growth in service revenue and adjusted EBITDA by leveraging a more efficient and lower cost base.
Altisource推出了一個快速增長的翻新業務,預計將成爲未來營業收入的重要貢獻者。
公司從2023年和2024年的銷售獲得了2080萬美元的年化服務收入。
Altisource預計通過利用更高效和更低成本基礎,服務營收和調整後的EBITDA將繼續增長。
Opportunities:
機會:
The rapidly growing renovation business represents a new revenue stream that is anticipated to increase significantly.
Service revenue and EBITDA from the renovation business are expected to ramp as the year progresses, enhancing overall company profitability.
快速增長的翻新業務代表了一個預計將大幅增加的新收入來源。
服務營收和翻新業務的EBITDA預計將隨着年度的推進而提升,從而增強整體公司的盈利能力。
Risks:
風險:
Despite the growing renovation and other business sectors, lower than anticipated foreclosure starts and sales have negatively impacted higher margin businesses like Hubzu, trustee, and title, leading to a shortfall in expected service revenue growth.
儘管翻新和其他業務領域增長強勁,但低於預期的房產起訴和銷售已對高毛利業務(如Hubzu、託管人和產權)造成負面影響,導致預期服務營收增長不足。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。