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Altisource reports Q4 adjusted EPS (37c) vs (45c) last year
The Fly

Altisource reports Q4 adjusted EPS (37c) vs (45c) last year

Reports Q4 revenue $34.157M vs $34.803M last year. “I am pleased with our performance in 2023 as we continue to strengthen our financial position and win new business which has not fully ramped. In the face of serious market headwinds for both Business Segments, Service revenue in the Servicer and Real Estate segment was only 4% lower than 2022 and Service revenue in the Origination segment outperformed the overall market with a decline of 11% compared to a 36% decline in industrywide residential origination volume. We improved total company Adjusted EBITDA(2) by $15.7 million compared to 2022 and by $30.8 million compared to 2021,” said Chairman and Chief Executive Officer William Shepro.

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