UPDATE: ChannelAdvisor (ECOM) Misses Q2 EPS by 4c
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ChannelAdvisor Reports Record Second Quarter 2021 Results; Revenue and Adjusted EBITDA Exceed Guidance
August 5, 2021 6:45 AM EDTSubscription revenue growth accelerates to 25% year-over-year
Revenue from brands increases 39% year-over-year
RESEARCH TRIANGLE PARK, N.C., Aug. 05, 2021 (GLOBE NEWSWIRE) -- ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable brands and retailers to increase global sales, today reported financial results for the quarter ended June 30, 2021.
Second Quarter 2021 HighlightsGAAP
Record revenue of $41.5 million, up 11% year-over-yearSubscription revenue growth accelerated to 25% year-over-yearBrands revenue increased 39% year-over-yearBrands subscription revenue growth of 54% year-over-year and represented 44% of total subscription revenueBrands customer count... More