M&A
confidence high
sentiment neutral
materiality 0.75
Marchex Q3 revenue falls to $11.5M, net loss $1M; agrees to acquire Archenia for $10M note
MARCHEX INC
- Q3 revenue $11.5M vs $12.6M YoY (-8.7%); net loss $1.0M ($0.02 loss per share).
- Adjusted EBITDA improved to $0.6M, or $1.1M excluding $0.5M reorganization costs, from $0.3M YoY.
- Guides Q4 sequential revenue and Adj. EBITDA decline; 2026 revenue run-rate growth ~10%, Adj. EBITDA margins 10%+.
- AIP to acquire Archenia for $10M convertible note (6%, convertible at $1.80/share) plus up to 4M earnout shares.
- Archenia est. FY2025 revenue >$17M; combined quarterly run rate ~$15M; closing H1 2026 subject to stockholder approval.