Marchex Q3 revenue misses estimates

Marchex

13/11/2025 21:29

Overview

Marchex Q3 revenue declines to $11.5 mln, missing analyst expectations

Adjusted EBITDA for Q3 2025 misses estimates despite improvement

Company announces agreement to acquire Archenia, enhancing AI capabilities

Outlook

Marchex expects Q4 2025 revenue and Adjusted EBITDA to be sequentially lower

Company anticipates 10% revenue growth in 2026 on a run rate basis

Marchex expects Adjusted EBITDA margins of 10% or more in 2026

Result Drivers

REVENUE MIGRATION DILUTION - Co cites ongoing revenue migration dilution as a factor in revenue decline during tech platform migration

SALES BOOKINGS INCREASE - Co reports significant increases in sales bookings, expecting continued growth

NEW PRODUCT LAUNCHES - Co launched new products and vertical AI capabilities, contributing to sales growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$11.51 mln
$11.90 mln (1 Analyst)
Q3 Net Income
-$1.02 mln
Q3 Adjusted EBITDA
Miss
$621,000
$826,000 (1 Analyst)
Q3 Income from Operations
-$941,000
Q3 Operating Expenses
$12.46 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the advertising & marketing peer group is "buy"

Wall Street's median 12-month price target for Marchex Inc is $4.00, about 60% above its November 12 closing price of $1.60

Press Release: ID:nBwbFtP79a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)