Consensus Cloud Solutions, Inc. reported its preliminary financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, total revenues decreased by 0.9% year-over-year to $87.0 million, primarily due to an 11.1% planned decline in the SoHo business, partially offset by a 7.1% increase in the Corporate business to $52.9 million.
Full-year 2024 revenues decreased by 3.4% to $350.4 million, driven by a $21.7 million planned decrease in SoHo, but mitigated by a 4.8% increase in Corporate revenue. The company reported full-year Adjusted EBITDA of $188.4 million, a 1.0% increase year-over-year, with an Adjusted EBITDA margin of 53.8%. Adjusted earnings per diluted share for 2024 increased by 10.6% to $5.63.
Consensus generated strong cash flow, with net cash provided by operating activities reaching $121.7 million and free cash flow at $88.3 million for the full year 2024. The company continued its debt reduction efforts, repurchasing $20.1 million face value of debt in Q4 2024, bringing the cumulative total to $206.9 million under the program. Additionally, the Board of Directors extended the company's share buyback program through February 2028, with approximately $67.9 million remaining under authorization.
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