Upland Software sees Q1 revenue $59M-$65M,consensus $67.07M

Subsequent to year-end we divested two non-strategic product lines which had been underperforming relative to the rest of our product portfolio. These divestitures lowered our 2025 revenue guidance by approximately $18M , but had no material impact on Adjusted EBITDA guidance. For the quarter ending March 31…Upland expects reported total revenue to be between $59M and $65.M, including subscription and support revenue between $56.4 and $61.4M , for a decline in total revenue of 12% at the midpoint from the quarter-ended March 31. First quarter 2025 Adjusted EBITDA is expected to be between $11.2M $14.2M, for an Adjusted EBITDA margin of 20% at the midpoint. This Adjusted EBITDA guide at the midpoint is a decrease of 3% from the quarter-ended March 31, 2024.