Published on 10 May 2024 on GuruFocus.com via Yahoo Finance

GoodRx Holdings Inc (GDRX) Q1 2024 Earnings: Navigates Market Challenges with Strategic Adjustments

Revenue: Reported at $197.9 million, an increase of 8% year-over-year, slightly exceeding estimates of $196.08 million.Net Loss: Recorded a net loss of $1.0 million, improving from a net loss of $3.3 million in the previous year, but compares with the estimated net income of $31.35 million.Adjusted Net Income: Achieved $32.6 million, surpassing the estimated $31.35 million.Adjusted EBITDA: Rose to $62.8 million from $53.2 million last year, with an Adjusted EBITDA Margin of 31.7%.Cash Flow: Net cash provided by operating activities increased to $42.6 million, up from $32.3 million in the prior year.Share Repurchases: Repurchased 21.3 million shares of Class A common stock for $154.8 million during the quarter.Guidance: For Q2 2024, anticipates revenue of approximately $200 million, indicating a 5% year-over-year growth; full-year revenue guidance adjusted to $800 million to $810 million.

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