Q4 2024 Pros Holdings Inc Earnings Call Transcript
Key Points
- Pros Holdings Inc (PRO) achieved a 14% growth in subscription revenue and a 10% growth in total revenue for Q4 2024.
- The company reported a significant improvement in adjusted EBITDA, reaching approximately $30 million, a 400% increase compared to 2023.
- Pros Holdings Inc expanded its free cash flow margin by 4 percentage points year over year, achieving an 8% margin for 2024.
- The company achieved a record high non-GAAP subscription gross margin of 81% in Q4 2024.
- Pros Holdings Inc was recognized as a leader in the Gartner Magic Quadrant for Configure Price Quote applications and received high customer satisfaction ratings in the IDC Marketscape.
- The strengthening US dollar negatively impacted subscription ARR by about a percentage point.
- Despite strong Q4 performance, the guidance for Q1 2025 indicates a deceleration in subscription revenue growth to 9.5%.
- Currency fluctuations have been a challenge, affecting financial results and projections.
- The company is facing ongoing challenges in the travel sector, although improvements are expected in 2025.
- There is uncertainty regarding the search for a new CEO, which could impact strategic direction and leadership stability.
Greetings, welcome to the PROS Holdings fourth-quarter 2024 earnings conference call.
(Operator Instructions)
As a reminder, this conference is being recorded.
I would now like to turn the conference call over to Belinda Overdeput, Senior Director of Investor Relations.
Thank you, operator.
Good afternoon, everyone and thank you for joining us.
Our earnings press release, SEC filings and a replay of today's call can be found on the Investor Relations section of our website at pros.com.
Our prepared remarks are also available on our website and will be replaced by the official transcript which includes participant questions once available.
With me on today's call is Andres Reiner, President and Chief Executive Officer; and Stefan Schulz, Chief Financial Officer.
Please note that some of the commentary today will include forward-looking statements including without limitation, those about our strategy, future business
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