Earnings EstimatesAdjusted EBITDA estimates for 2025 and 2026 have been revised down slightly to account for exit run-rate commentary.
Near-term OutlookShares are off roughly 10% given the lowered near-term outlook.
Revenue And EBITDA ExpectationsThe company provided an initial look for fiscal 2026 that was a bit noisier than expected, with total revenue and adjusted EBITDA below expectations due to macro uncertainty, a minor accounting reclassification, and small business divestiture.