Upland Software reported its fourth quarter 2024 financial results, with total revenue of $68.0 million, a decrease from $72.2 million in Q4 2023. Subscription and support revenue was $64.3 million, down from $68.2 million year-over-year. The company reported a net loss of $3.4 million for the quarter, an improvement from a net loss of $16.0 million in Q4 2023.
Adjusted EBITDA for Q4 2024 was $14.9 million, achieving a 22% margin, meeting the midpoint of guidance. For the full year 2024, total revenue was $274.8 million, down from $297.9 million in 2023. The company also announced that subsequent to year-end, it divested two non-strategic product lines that were underperforming.
These divestitures are expected to lower 2025 revenue guidance by approximately $18 million but will not materially impact Adjusted EBITDA guidance. For Q1 2025, Upland expects total revenue between $59.0 million and $65.0 million, with Adjusted EBITDA between $11.2 million and $14.2 million, implying a 20% margin.
Full-year 2025 guidance projects total revenue between $231.5 million and $255.5 million, and Adjusted EBITDA between $53.5 million and $65.5 million, for a 24% margin at the midpoint. Management stated that the core organic growth rate is increasing to 2.5% in 2025, and Adjusted EBITDA margin is expected to increase from 20% in 2024 to 24% in 2025.
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