- Q3 2022 revenue of$109m , within the guidance range - Revenue of$117m and revenue growth of 13% in constant currency for Q3 - Adjusted EBITDA margin of 8.6% for Q3Oslo ,30 November 2022 : Meltwater (ticker: MWTR) has announced financial results for the third quarter ended30 September 2022 . Third Quarter 2022 Financial Summary Results o Q3 2022 total revenue was$109m , representing growth of 6% year-over-year. Adjusting for constant currency, revenue was$117m , representing growth of 13% year-over-year o Nine months ended30 September 2022 revenue was$328m , up 11% year-over-year, consistent at 11% growth compared to the same period last year. In constant currency revenue growth was 17% o Total ARR grew in Q3 to$472m , up 10% year-over-year o Adjusted EBITDA for the third quarter 2022 was$9.4m , or 8.6% of revenue o Nine months ended30 September 2022 , adjusted EBITDA margin was 7%+, as the company continued to focus on margin expansion and profitable growth o Third quarter 2022 generated$6.5m positive cash flow from operations, compared to negative$2.5m in the prior year period o Nine months ended30 September 2022 operating cash flow generated was$18.3m , compared to$3.8m in the same period of 2021 "We delivered strong bottom line performance in the third quarter driven by gross margin increasing to 76% and cost savings initiatives. Our focus through the remainder of the year is on the strategic priorities supporting revenue growth, while executing on margin expansion initiatives in response to the current macroeconomic climate," saidJohn Box , Meltwater CEO. Conference Call and Earnings Presentation Given the ongoing review of strategic alternatives, announced to the market on15 September 2022 , the company will not host an earnings conference call, issue a shareholder letter, or provide financial guidance in conjunction with our third quarter 2022 earnings release. The strategic review is progressing well, and the aim is to communicate an update to the market in due course. Please find enclosed the interim report for the third quarter. For further information, please contact:Elise Heidenreich (Investor Relations and Media Contact Oslo) eh@meltwater.com Brinlea Johnson (Investor Relations and Media Contact New York) ir@meltwater.com About Meltwater Meltwater provides social and media intelligence. By examining millions of posts each day from social media platforms, blogs and news sites, Meltwater helps companies make better, more informed decisions based on insight from the outside. The company was founded inOslo, Norway , in 2001 and is headquartered inSan Francisco, California , with 50 offices across six continents. The company has ~2,300 employees and 27,000 corporate customers, including industry leaders in several sectors. Learn more at meltwater.com. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published byElise Heidenreich , Investor Relations atMeltwater N.V. , on30 November 2022 at16:30 CET .
Click here for more information
© Oslo Bors ASA, source