Overview
Altisource Q2 service revenue up 11% yr/yr, driven by favorable market conditions
Adjusted EBITDA rises 19% yr/yr, reflecting improved operational efficiency
On May 28, 2025, co implemented 1-for-8 reverse stock split, reducing shares outstanding
Result Drivers
LOW DELINQUENCY ENVIRONMENT - Altisource grew service revenue and adjusted EBITDA in a historically low delinquency environment
COST DISCIPLINE - Improved financial metrics attributed to cost discipline and lower interest expenses
TAX RESERVE REVERSAL - $9.6 mln reversal of tax reserves related to India operations boosted net income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | $0.19 | ||
Q2 EPS | $1.48 | ||
Q2 Adjusted Net Income | $2.17 mln | ||
Q2 Adjusted EBITDA | $5.38 mln | ||
Q2 Adjusted Operating Income | $5.44 mln | ||
Q2 Adjusted Pretax Profit | $2.79 mln |
Press Release: ID:nGNX625gBM
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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