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VerticalScope, behind 1,200+ online communities, just confirmed Google updates have negatively impacted their business.
Some highlights from their Q1 '25 earnings update:
Some highlights from their Q1 '25 earnings update:
- Revenue decreased 8% to $13.6M
- Increased consulting costs for "AI initiatives and SEO optimizations"
- Adjusted EBITDA decreased 30% to $3.6M
- They expect to average 90M monthly active users in Q2
- Generated $3M in operating cash flow
- Net loss of $2.4M (compared to a $1M loss a year ago)