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Altisource Portfolio Solutions SA (ASPS) Q3 2024 Earnings Call Transcript Summary

Altisource Portfolio Solutions SA (ASPS) Q3 2024 Earnings Call Transcript Summary

altisource portfolio solutions SA (ASPS) 2024年第三季度業績會業績摘要
富途資訊 ·  10/25 05:31  · 電話會議

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.

提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


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