Q4 and Full Year 2024 Financial Results: A 31% Revenue Growth and Significant EBITDA Increase
We are thrilled to announce our Q4 and full year 2024 financial results, which demonstrate the continued success and growth of our business. Our fourth quarter revenue came in at an impressive $254 million, marking a 31% increase year-over-year.
Strong Q4 Net Income and Adjusted EBITDA
Our net income for the quarter reached $6.5 million, while our adjusted EBITDA hit $30.6 million, representing a 166% year-over-year increase. These figures underscore the effectiveness of our cost management initiatives and operational improvements.
Full Year 2024 Financial Highlights
Our full year 2024 revenue totaled $924 million, up 34% compared to the previous year. This growth was driven by strong demand for our products and services, as well as our strategic initiatives to expand our market presence. Our net income for the year amounted to $7.2 million, while our adjusted EBITDA reached $92.5 million, representing a staggering 1,033% year-over-year increase.
Looking Ahead: Full Year 2025 Financial Guidance
We are confident in our ability to continue our growth trajectory and are excited to announce our full year 2025 financial guidance. We anticipate generating revenue between $1,010 and $1,080 million, and adjusted EBITDA between $115 and $135 million.
Impact on Consumers
Our financial growth will enable us to invest in research and development, enhancing the products and services we offer to our customers. This could lead to new features, improved user experiences, and increased value for our consumers.
Impact on the World
As a growing business, we contribute to the global economy by creating jobs, generating tax revenue, and fostering innovation. Our continued financial growth will allow us to expand our operations and make a larger impact on the world, potentially driving further economic growth and development.
Conclusion
Our Q4 and full year 2024 financial results demonstrate the strength and resilience of our business. With our focus on strategic initiatives and operational improvements, we are confident in our ability to maintain our growth trajectory and make a positive impact on both our consumers and the world.
- Q4 revenue of $254 million, up 31% year-over-year
- Full year 2024 revenue of $924 million, up 34%
- Q4 net income of $6.5 million
- Full year 2024 net income of $7.2 million
- Q4 adjusted EBITDA of $30.6 million, up 166% year-over-year
- Full year 2024 adjusted EBITDA of $92.5 million, up 1,033% year-over-year
- Full year 2025 revenue guidance of between $1,010 and $1,080 million
- Full year 2025 adjusted EBITDA guidance of between $115 and $135 million
