ChannelAdvisor (ECOM) Misses Q3 EPS by 6c
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ChannelAdvisor Reports Record Revenue for the Third Quarter 2021; Adjusted EBITDA Exceeds Guidance
November 9, 2021 6:45 AM ESTSubscription revenue growth accelerates to 26% year-over-year
Record revenue from brands increases 45% year-over-year
RESEARCH TRIANGLE PARK, N.C., Nov. 09, 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 September 30, 2021.
Third Quarter 2021 HighlightsGAAP
Record revenue of $41.6 million, up 18% year-over-yearSubscription revenue growth accelerated for the 5th consecutive quarter to 26% year-over-yearRecord brands revenue increased 45% year-over-yearBrands subscription revenue growth of 52% year-over-year and represented 47% of total... More