Overview

* Marchex ( MCHX ) Q3 revenue declines to $11.5 mln, missing analyst expectations

* Adjusted EBITDA for Q3 2025 misses estimates despite improvement

* Company announces agreement to acquire Archenia, enhancing AI capabilities

Outlook

* Marchex expects Q4 2025 revenue and Adjusted EBITDA to be sequentially lower

* Company anticipates 10% revenue growth in 2026 on a run rate basis

* Marchex ( MCHX ) expects Adjusted EBITDA margins of 10% or more in 2026

Result Drivers

* REVENUE MIGRATION DILUTION - Co cites ongoing revenue migration dilution as a factor in revenue decline during tech platform migration

* SALES BOOKINGS INCREASE - Co reports significant increases in sales bookings, expecting continued growth

* NEW PRODUCT LAUNCHES - Co launched new products and vertical AI capabilities, contributing to sales growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $11.51 $11.90

Revenue mln mln (1

Analyst)

Q3 Net -$1.02

Income mln

Q3 Miss $621,000 $826,000

Adjusted (1

EBITDA Analyst)

Q3 -$941,00

Income 0

from

Operatio

ns

Q3 $12.46

Operatin mln

g

Expenses

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the advertising & marketing peer group is "buy"

* Wall Street's median 12-month price target for Marchex Inc ( MCHX ) is $4.00, about 60% above its November 12 closing price of $1.60

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)