MeridianLink, Inc. (NYSE:MLNK) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET

Company Participants

Gianna Rotellini - Senior Director-Investor Relations & Strategic Initiatives
Nicolaas Vlok - Chief Executive Officer
Larry Katz - President
Elias Olmeta - Chief Financial Officer

Conference Call Participants

Cris Kennedy - William Blair
Jessica Wang - Raymond James

Operator

Ladies and gentlemen, thank you for standing by and welcome to MeridianLink's Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will a question-and-answer session. Please be advised that today's conference is being recorded.

I would now like to turn the conference over to your first speaker today, Gianna Rotellini. Gianna, please go ahead.

Gianna Rotellini

Good afternoon and welcome to MeridianLink's Third Quarter Fiscal Year 2024 Earnings Call. We will be discussing the results announced in our press release issued after the market closed today. With me today are MeridianLink's Chief Executive Officer, Nicolaas Vlok; President, Larry Katz; and Chief Financial Officer, Elias Olmeta.

Before we begin, I'd like to remind you that today's conference call will include forward-looking statements based on the company's current expectations. These forward-looking statements are subject to a number of significant risks and uncertainties and our actual results may differ materially. For a discussion of the risks, uncertainties and other factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release and the periodic reports and filings we file from time to time with the Securities and Exchange Commission. All of our statements are made based on information available to us as of today and except as required by law, we assume no obligation to update any such statements.

Please note that, other than revenue, all numbers in our remarks are on a non-GAAP basis, unless otherwise stated. A reconciliation to comparable GAAP metrics can be found in today's earnings presentation, which is available on our Investor Relations website and as an exhibit to the Form 8-K furnished with the SEC just before this call. Our earnings presentation is available for you to download and reference throughout our prepared remarks.

With that, let me turn the call over to Nicolaas.

Nicolaas Vlok

Thank you, Gianna. Good afternoon everyone. Our team executed well in the third quarter. We achieved revenue of $80.4 million or 5% growth year-over-year, in line with the high end of our guidance. Adjusted EBITDA was $33.8 million, representing a 42% EBITDA margin, exceeding the high end of our guidance. I am pleased that we returned $31.3 million of capital to shareholders via stock buybacks at attractive valuations.