The following is a summary of the Consensus Cloud Solutions, Inc. (CCSI) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Consensus Cloud Solutions reported Q3 revenue of $87.8 million, a decrease of 3.1% year-over-year.

• Adjusted EBITDA for Q3 was $46.9 million, showing a decrease of 1.2% from the previous year but still ahead of expectations.

• Adjusted net income reached $25.5 million, reflecting a decrease of 14.3% year-over-year.

• The company repurchased $31.1 million of debt during the quarter, contributing to reducing total debt to $618 million.

Business Progress:

• The Corporate channel grew by 5.3%, driven by new customer additions and increased usage in healthcare, reaching a record revenue of $53.1 million.

• Repurchase of debt continues with $187 million repurchased since November 2023.

• Forecast for continued revenue growth from the ECFax program at the Department of Veterans Affairs.

Opportunities:

• Expansion and investments in eFax Protect and e-commerce channels, representing main avenues for acquiring new corporate accounts.

Risks:

• Anticipated reduction in Q4 revenues due to fewer business days in the quarter, and the particularly challenging calendar setup with holidays.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.