Cars.com Q4 revenue $168.2M (+6% YoY), net income $10.3M; guides Q1 revenue $166-168M

Cars.com Inc.

2022-FY EPS reported $0.25 revenue$653,876,000

Q4 revenue $168.2M (+6% YoY); net income $10.3M ($0.15 diluted EPS) vs net loss $2.9M in prior year.
Full year 2022 revenue $653.9M (+5% YoY); net income $17.2M ($0.25 diluted EPS) vs $10.8M ($0.15) in 2021.
Adjusted EBITDA Q4 $49.5M (29% rev); full year $186.7M (29% rev); operating cash flow $128.5M.
Debt paydown $41.3M; net leverage 2.4x; repurchased 4.2M shares for $49.0M.
Q1 2023 revenue guidance $166-168M (5-6% growth); full year 2023 revenue growth 3-6%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cars.com Inc. reported for the fourth quarter ended December 31, 2022 results: revenue $168.2 million, net income $10.3 million, EPS $0.15 per diluted share.

Period: for the fourth quarter ended December 31, 2022
Revenue: $168.2 million
Net income: $10.3 million
EPS: $0.15 per diluted share
Result: reported results

Exact text from the filing

● Revenue of $168.2 million, up $9.9 million, or 6% year-over-year ● Net income of $10.3 million, or $0.15 per diluted share, compared to Net loss of $2.9 million, or ($0.04) per diluted share, in the prior year ● Adjusted EBITDA of $49.5 million, or 29% of revenue, up $2.7 million year-over-year ● Average Monthly Unique Visitors (“UVs”) of 24.6 million, up 5% year-over-year ● Traffic (“Visits”) of 140.4 million, up 5% year-over-year ● Monthly Average Revenue Per Dealer (“ARPD”) of $2,361, up $28 from the prior year period ● Dealer Customers of 19,506 as of December 31, 2022, 79 lower compared to 19,585 as of September 30, 2022 and 327 higher compared to the prior year

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Source: SEC EDGAR

accession 0000950170-23-003942

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