Q2 Holdings reports Q1 adjusted EBITDA $25.2M vs. $16.5M last year

Reports Q1 revenue $165.5M, consensus $163.62M. The company said, “We had a strong start to the year with highlights across the business,” said Q2 CEO Matt Flake. “We saw continued favorable sales execution with a broad mix of new and expansion wins in the quarter. Our single-platform approach that allows customers to serve both retail and commercial users, paired with the strength and diversity of our customer base, continues to drive meaningful expansion opportunities as a complement to our net new execution. And as we continue to execute on our profitable growth strategy, we believe we’re well positioned to drive long-term value creation.”