Consensus Cloud Solutions Reports 1.1% Revenue Decline, Net Income Falls to $21.2M, EPS Down 21.9% in Q1 2025

Reuters
05-08
Consensus Cloud Solutions Reports 1.1% Revenue Decline, Net Income Falls to $21.2M, EPS Down 21.9% in Q1 2025

Consensus Cloud Solutions Inc. reported its first quarter 2025 financial results, revealing a decline in quarterly revenues by $1.0 million or 1.1% to $87.1 million, compared to $88.1 million in Q1 2024. This decrease was attributed primarily to a planned reduction of $3.9 million or 10.6% in the Small office home office ("SoHo") business. This decline was partially offset by a $2.9 million or 5.6% increase in the Corporate business segment. Net income for Q1 2025 decreased to $21.2 million from $26.4 million in the same quarter last year. The reduction was largely due to a debt extinguishment loss in the current quarter compared to a gain in Q1 2024, as well as changes in foreign exchange revaluation. These factors, combined with a reduction in income tax expense, contributed to a net income margin decrease to 24.3% from 29.9% in the previous year. Earnings per diluted share fell by 21.9% to $1.07 in Q1 2025, down from $1.37 in Q1 2024, influenced by the factors mentioned above. The company also highlighted its strong cash flows from operations and cash balances, which have enabled further reductions in overall debt levels. The CEO, Scott Turicchi, expressed confidence in the company's performance for the remainder of the year, citing robust operating margins and continued growth in Corporate revenue, driven by strong usage, improved revenue retention, and new customer acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Consensus Cloud Solutions Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250507559665) on May 07, 2025, and is solely responsible for the information contained therein.

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