CCC Intelligent Solutions reports Q3 EPS 10c, consensus 9c

Reports Q3 revenue $238.5M, consensus $238.04M. The company said, “CCC delivered solid third quarter results, highlighted by 8% year-over-year revenue growth and 43% adjusted EBITDA margin. Our sustained performance in 2024 year-to-date reflects multiple new business wins, renewals, and contract expansions across our customer groups. We believe that our investments in artificial intelligence, the CCC IX Cloud platform, and our multi-sided network position us to continue to deliver new, high-ROI solutions that improve the operating efficiency and consumer experience of our customers’ mission-critical workflows. The high level of customer engagement we are seeing with our Emerging Solutions reinforces our confidence in our long-term growth outlook.”