Record Year for Adjusted EBITDA and Revenue
Adjusted EBITDA exceeded the midpoint of the original guidance range, up 26% year over year. Revenue reached $2.42 billion, driven by a 6% increase from solid growth in transactions and TTB.
Strong Free Cash Flow Growth
Free cash flow more than tripled in 2024, ending well above the original guidance. Conversion ratio improved to 35% from 13% in 2023.
High Customer Retention
2024 was a record year for GMN customer retention at 99%, demonstrating strong customer loyalty and satisfaction.
Significant Margin Expansion
Adjusted EBITDA margin expanded by over 300 basis points, reaching 20% for the year.
Successful Capital Allocation
Lowered leverage ratio below two times and completed a $300 million buyback authorization.
Positive Outlook for 2025
Expect another year of double-digit earnings growth, with new wins totaling $2.8 billion in 2024, $2.2 billion from SMEs.