LeadDesk (LEADD) Q3 2024 earnings summary

Executive summary

• Revenue and profitability continued to improve in Q3 2024, with EBITDA margin reaching 17.7% of revenue.

• Annual recurring revenue contract base grew 6.2% year-over-year, with nearly 65% generated internationally.

• Strong double-digit revenue growth in continental Europe, especially in Spain and the Netherlands.

• Integration of the Telemagic acquisition is progressing as planned, supporting technology and market expansion.

Financial highlights

• Q3 2024 revenue was €7.74 million, up 5.5% year-over-year; EBITDA was €1.37 million, 17.7% of revenue.

• January–September 2024 revenue reached €23.21 million, up 6.4% year-over-year; EBITDA was €3.44 million, 14.8% of revenue.

• Annual recurring revenue contract base at €26.90 million, up 6.2% year-over-year.

Outlook and guidance

• 2024 outlook unchanged: expects 5–15% annual revenue growth on a comparable currency basis.

• Profitability expected at 10–15% EBITDA margin for 2024.

• Outlook excludes impact of significant acquisitions.