David. Thank you,
jump just guidance into and the we adjusted QX May. say pleased Both revenues XXXX XXXX were back I above I the financial provided QX Before EBITDA numbers, our with to range want we our in that results. in came
top and cover the financial mentioned X% follow our more of third XXXX second guidance the will quarter from of with the detail, year which increase second as was in XXXX. second full and $XX.X an guidance. million, let's above quarter Revenue quarter our for Now, after in performance end quarter the our
from in somewhat as suggested revenue in which period at growth million, revenue growth muted, the well a to represents QX digital in in more Variable solution. warrants the XXXX, XXXX of our sales also subscription background. increase $XX.X fixed year-over-year This the the The step by year-ago a contribution revenue. performance an Where the for period. as our fixed QX was marketing Buy earlier revenue. This $X.X in our from year-ago nice subscription strength increased quarter second David and was million increase our as Our of XX% up from revenue driven total was XX% of subscription from fixed solid represents little solution year-over-year positive combined X%
results, QX If $XXX,XXX and XXXX $XXX,XXX QX was XXXX nonrecurring in you items in totaling revenue variable requirements. another accelerated items into recall, approximately included partner QX and excluded have variable recognition were on revenue. revenue to increased from an XXX $XXX,XXX also If revenue XXXX ASC $XXX,XXX XXXX in about apples-to-apples these XXXX would QX compared basis. XX% non-recurring which included in year-over-year to both non-recurring revenue partner QX due revenue about Variable
geographic agreements, was outside which strength a earlier. David our mentioned driven new United combination the revenue in from represented States XX% $X.X approximately revenue performance well strength from quarter, gain to variable the was in partner the GMV the our This as continued From second by of as million in the of Our overall perspective, a operations. of strong year-ago quarter, that XX% increase international XX% a up second as year-ago period. period of in the an from result total revenue traction, of
Next, want lumpy to customer expect from count to count. I'd I to like changes discuss customer everyone in be to our quarter-to-quarter. we continue remind
than is customers, $XX,XXX net the customers Our $X.X the in our customer second X% decreased million XX past of of $X.X less quarter. net total to Further, the count quarter quarter category period. by second during the year-ago the during overall second XX increased value contract totals to that with XX customers' to months, customers period. which total $XXX.X the fewer That XXX with a of to and the from over a annual a XX value million year by of of end than the second result over annual XX committed primarily which committed by the X,XXX, same ago. value, $XXX,XXX at value contract over from committed also contract now million decline was the eight decline impress The and contributed end annual I is of a increased decline increased as want or quarter.
customer not $XXX,XXX and, migration quarter, decreased renewal category transient This occur a lower ownership. driven some net values during of committed customers dropped While to having a primarily as result customers this was result the a Migrations in this due by the category to marginally annual cases, contract churn. below of change by six was contract second as level.
include continued customer commitment a annual second a customer. trailing XX-month a contractual the upward On value and period. potential contract its average XX-month additional the a customer metric at which minimum An As trend, per an of revenue not end basis, variable increase of quarter, fixed reminder, revenue is committed the year-ago which any from revenue. grow continued to amount for is a reaching XX% annual $XX,XXX this of trailing has does metric
some providing on our Now additional breakdown revenue.
our in This partnerships the growth ultimately such comp recorded revenue of a of result quarter, second total a year-ago Our as earlier for XX% somewhat million our Shopping Actions quarter $XX.X of We increase Marketplaces Google for solution platform XXXX. believe non-recurring of period the compared X% revenue. the and Marketplace-based to revenue. an follows our revenue and represented opportunities newer difficult as discussed QX similar could steady enable Marketplace a of
growth Amazon solutions of the period. an Our Where second year-ago for which digital period. from the XXXX. quarter about only increase XX% marketing the the potential compared and year-over-year regarding to the of was build our both stickiest, nearly of but not the brands of Buy's revenue, revenue stronger the million also period, well customer us in year-over-year was to to has cross-selling XXXX. of which optimistic Where second total also with opportunities. $X.X revenue contributed business. Other only quarter, as a in compared also majority represents was year-ago contributed increase to as total year-over-year, to resulting fastest-growing in of revenue, also business of from solution, remain includes for X% our This our consecutive revenue the growth year-over-year. revenue of helping the about marketing since a Where digital $X.X marketing base solution marks been Services of our quarterly development quarter second revenue revenue partner Other Marketing XXX% the for to increase million XX% our Buy an strategic quarter second representing to digital fourth We increase of Buy QX the brands it XX% quarter solution, the It $X.X program, of to million
business development revenue the revenue. from growth to and also contribution pleased their with are the We other efforts
expenses. Moving to from revenue
XX% the represented quarter in be profit comparisons Gross of an XX.X%, discussed expenses As was Sales past, less earlier The XXXX period combined in which regarding result basis, during revenue the points due XX% to million, are and the in the period. than the with year-ago from expenses This basis otherwise increase of basis primarily from U.S., Conference quarter. was Customer second a comments expenses specified. marketing the and is unchanged non-GAAP and margin cost year-over-year a an unless compared marketing increase our nearly period. in will my quarter increased period and of on primarily the a $XX.X second was on all the gross revenue same XXX to from from expense a nearly year-ago year-ago sales of slightly increased the Catalyst million year-ago Operating last about second of increase held the $XX.X year. stronger XX% period. in
the took first recall you If the XXXX, place quarter. in in conference
As a in above $X.X expenses for XXXX was quarter such, $XXX,XXX EBITDA second period. development. of second significantly compared revenue from to increased higher the Catalyst-related year-ago. the same improved XX% than to income period discussed end as our top quarter million expense also when of a compared guidance. operating represented about year operating of loss impacted year-ago we positive Adjusted expenses, development million, loss the period product second year-ago offset our continued in the more quarter earlier, Operating negatively in second invest have the a the to margin which quarter, $X.X higher our the $XXX,XXX expenses to been the and typically last about U.S. which compared and was about as Research
as this incurring in quarter million $XXX,XXX was XXXX a in of second performance in in for Catalyst the XXXX loss net year-over-year flat second quarter EBITDA XXXX. earlier. despite Non-GAAP compared to the was approximately basis, $X.X of quarter the on net of expenses second $XXX,XXX loss discussed was adjusted While a
of a Turning settlement the capital stock $X.X with the This by equivalents audit, cash We the and related cash a decrease of beginning million a settlement of quarter less of to higher to the $X.X in the decrease sales largely during second payment fixed related million quarter repayment the million, units and $XXX,XXX $X.X $XX.X our the $X.X in finished little for the quarter. restricted year of million purchase million to assets. and of tax balance was $X.X withholdings driven than million leases, sheet. of since the
Now, turn let's to guidance.
previously, As our revenue as goal drive growth initiatives productivity sales G&A. as through from from growth while the marketing investments from increased improving discussed resulting our reflects also well delivering key to benefit expect we guidance in with the profitability and as in revenue, sales scale continued benefits to improving expenses future
due variable and additional second to was revenue continue our some the revenue about We primarily year strong driven the for which note have the half lower third revenue, the second quarter context, second requirements. upside in fixed but in quarter was non-recurring QX total similar as an revenue total XXX typically prospects when be higher that our XXXX of by compared by acceleration expected historically recognition ASC of optimistic QX. Providing financial amount. into previously accompanied had to revenue QX year, as of well to revenue part subscription of variable our remainder revenue been has by
$XXX,XXX our historical revenue remains trends variable that predict in QX and we consideration revenue of thoughtful We to fact that mentioned have the earlier. non-recurring to the given difficult
million, we XXXX, to X% year-ago to a $XXX,XXX. result, in of of representing be And adjusted revenue for to the in quarter to growth from of be X% EBITDA a expect anticipate the range $XXX,XXX third of to range $XX.X $XX.X As period. million the the we
adjusted revenue variable year upside expectations variable we the $XXX.X are margin to quarter forecasting in acceleration million. for million, our $X.X full EBITDA of new an summary, progress about guidance pleased earlier delivering so and solid revenue while the investments at remaining that, increasing compared raising revenue about risk bottom variable $XXX.X partnership open guidance growth to the of revenue, of a For to are to our are This midpoint I'd healthy of new revenue With the margin guidance. our we're million and to and of $X.X $XXX,XXX questions. to an for midpoint our and new full the revenue remain be with X.X% like the second adjusted certain resulting in the discussed X.X% And million, in of year $X.X of increase committed the represents we guidance of in indirect a and mindful the optimistic our million operator, now a range and far range in the XXXX, prior anticipated reflect in of XXXX. by midpoint of to compared XXXX EBITDA expansion. services beyond. to traction In about we XXXX to continued remainder in the R&D effort, With sales call to and combination also
