Earnings MissOn the bottom line, AEBITDA came in at $132.3M, which was well below consensus of $168.8M and down $34.2M year over year.
Product Segment WeaknessF2Q25 results were disappointing as they missed expectations, with softer revenue growth at Vista driven by weakness in business cards and consumer products, both mature and non-core segments, and by one-time events.
Revenue ShortfallThe revenue shortfall was driven by lower-than-expected consumer products revenue in the company’s largest business segment, Vista, particularly in the United States.