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Porch Group reports Q2 EPS (91c), consensus (46c)
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Porch Group reports Q2 EPS (91c), consensus (46c)

Reports Q2 revenue $98.77M, consensus $85.87M. “We are pleased to deliver a solid performance in the second quarter with 39% top-line growth and continued focus on achieving profitability. We faced industry-wide headwinds in our home insurance business with extreme weather events toward the end of the quarter and in our software business with a declining housing market. We are pleased to reiterate our second half 2023 Adjusted EBITDA profitability outlook. We are making good progress against key strategic initiatives, including growing our high margin home warranty business, and leveraging our unique data advantages to better serve homeowners.” Matt Ehrlichman, CEO, chairman and founder.

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