11/12/2024

speaker
Stacey
Call Operator

Thank you for standing by and welcome to EverCommerce's third quarter 2024 earnings call. My name is Stacey and I will be your operator for today. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising you your hand is raised. To withdraw your question, please press star one one again. As a reminder, this conference call is being recorded today, Tuesday, November 12th, 2024. I would now like to turn the conference over to Brad Korch, Senior VP and Head Investor Relations at Evercore.

speaker
Stacey
Call Operator (Assistant)

Brad, go ahead.

speaker
Brad Korch
Senior VP and Head Investor Relations, Evercore

Good afternoon, and thank you for joining. Today's call will be led by Eric Reamer, EverCommerce's Chairman and Chief Executive Officer, and Ryan Surak, EverCommerce's Chief Financial Officer. Joining them for the Q&A portion of the call is EverCommerce's President, Matt Feierstein, and EverCommerce's Chief Operating Officer, Evan Berlin. This call is being webcast with a presentation that reviews the key financial and operating results for the three months ended September 30th, 2024. For a link to the live or replay webcast, please visit the investor relations section of the EverCommerce website, www.evercommerce.com. The slide presentation and earnings release are also directly available on the site. Please turn to page two of our earnings call presentation while I review our Safe Harbor Statement. Statements made on this call and containing the earnings materials available on our website that are not historical in nature may constitute forward-looking statements. Such statements are based on the current expectations and beliefs of management. Actual results may differ materially from these forward-looking statements due to risks and uncertainties that are described in more detail in our filings with the SEC. We undertake no obligation to publicly update or revise these Thorough Living Statements, except as required by law. We will also refer to certain non-GAAP financial measures in our comments today. A reconciliation of non-GAAP to GAAP historical measures is provided in both our earnings press release and our earnings call presentation. Before we discuss third quarter results, I would like to once again highlight the presentation of results and KPIs included in the earnings call slides and our prepared comments. As discussed last quarter, we announced the sale of our fitness products. which consisted of four software solutions in early March. The sale of the two North American solutions closed simultaneously with deal signing on March 13th, and the two international solutions closed on July 1st. Our third quarter GAAP results do not include any contributions from the fitness solutions, but GAAP year-over-year comparisons are impacted due to the inclusion of fitness solution revenue in 2023. Performer growth, as defined in our materials and filings, is adjusted to exclude fitness. Operational metrics such as customer count, TPV, and customers enabled for more than one solution that we will discuss today have been adjusted to exclude the fitness solutions on a performer basis for comparability purposes. I will now turn our call over to our CEO, Eric Reamer. Please continue.

Disclaimer

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Investor presentation