Marchex Inc. reported its financial results for the first quarter of 2025, revealing a slight decrease in GAAP revenue to $11.4 million compared to $11.6 million in the same period of 2024. The company posted a net loss of $2.0 million, or $(0.05) per diluted share, up from a net loss of $1.5 million, or $(0.03) per diluted share, in the first quarter of 2024. Adjusted EBITDA showed a loss of $0.8 million for the first quarter of 2025, increasing from a loss of $0.4 million in the same quarter of the previous year. Adjusted non-GAAP loss per share was $(0.04) for Q1 2025, compared to $(0.02) in Q1 2024. Significant updates include the sale of the domain phonenumbers.com, generating $0.8 million in proceeds for the company. Additionally, Marchex expanded its relationship with a Fortune 500 original equipment manufacturer in the auto sector, enhancing its sales channel. Looking ahead, Marchex anticipates sequential revenue growth and improved, positive adjusted EBITDA for the second quarter of 2025. The company projects achieving a $50.0 million annual revenue run rate, or more than $12.5 million in quarterly revenue, for 2025, supported by increased gross profit margins and operational efficiencies.
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