Instructure reports Q4 EPS (4c), consensus 23c

Reports Q4 revenue $135.4M, consensus $134.57M. Reports Q4 Adjusted EBITDA $56.5M, an increase of 16.1%, and Adjusted EBITDA Margin of 41.7%. Steve Daly, Instructure CEO, said, “During the Q4, we exceeded the high end of our guidance range for Revenue, Adjusted EBITDA and Adjusted Unlevered Free Cash Flow, reflecting our unrelenting focus and the strength of our model. These exceptional results were driven by our increasing competitive advantage, strong execution, and the formidable cash flow we generate and reinvest behind high-growth initiatives. We head into 2024 with meaningfully enhanced scale, a broader portfolio, and access to new buyers due to the Parchment acquisition. We have never been more excited about our ability to elevate teaching and learning and drive results for our shareholders.”