the discussion the joining review this second business reviewing how more the morning, to like and Good allocation year our for thanks for off and call by guidance. of everyone, future start the quarter, of impacts a QX plans finally our and highlights full detailed and capital I'd transition all during then of quarter today. to the performance some conducted
bear So And of second discuss consistent year-over-year a let's unless my be expenses our a mind, non-GAAP otherwise the the on some regarding all quarter. basis are in historical and specified. with comparisons details basis practices, will with comments please on
Total finishing basis. revenue end margin at high EBITDA the flow. $XX.X the down a constant pleased easily or guidance mentioned, free and results, range, that million, our of X% was significant guidance adjusted end strong David X% the we're currency our quarter revenue of range with with on exceeded second As high down cash expansion
percentage compared offerings. period This or of by the revenue type, by and XX a revenue recurring was up was marketing XX% fixed revenue was total total variable shifts positive year $XX.X of Fixed to to for ago -- digital representing million and revenue. toward continued it Breaking quarter, million, as Marketplaces our revenue. higher and increase of $X.X down total revenue XX% subscription fee revenue mix revenue driven X% was
quarter Variable primarily revenue in for driven in XX%, difficult decline making the XXXX, other by revenue GMV. Also contributing of revenue second variable segment high comparison. was to partner the our in was weakness revenue down was unusually a which under eBay
comparison do half XXXX. eBay of year-over-year for the to we ease second expect However, GMV the in
revenue at by product. Looking
for $XX.X year platform the of flat to Marketplaces compared the Our ago second revenue and was essentially million was XX% revenue. quarter, period total
as period and Amazon Importantly, growing to fixed up represented growth for of million, EMEA was a upsell was marketing up was from another expect our Digital a for revenue the year of we with the trend solid Marketplaces U.S. driver convergence XX% offerings, in prior increased quarter. quarter is total primary of in of There to $X.X advertising lending that the revenue the marketing opportunities quarter about posted in and X% Marketplaces continue. digital revenue.
economics perspective, From X% as which leadership relatively of driven from and a total year period. in a China, increase higher X% outside despite David EMEA increased execution. success And from a driven and was great compared which and from from XX% revenue Further, EMEA in have mentioned, was up ago stories period. as revenue which concentration to a brands with sales ago by percentage international The continued geographic their benefits Australia revenue down us respectively. been the to U.S. strength Australia, for declines year a of EMEA to customers have strong and and X% by growth retailers. were better great continue unit
customer some talk let's Now metrics. about
a this account. which the quarter however meaningful customer contracts of not add expansions net was to present positive for driver existing by bookings do customer that me our repeating Let the of
proactively relatively of the products expand new value the last and to out or out several to and year, us late but reached had of our big-name small provide. we with who As level saw contracts service we strength customers David mentioned quickly platform earlier, started
end by as the smaller decline as ended second driven from customers the We quarter. X,XXX with quarter our X% down well customers, The of the was first retailers.
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quarter second than per the had a average in average XX% perspective, customer For revenue on retailers. higher brands
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in EBITDA were improved The and strong gains by efficiencies operating adjusted driven expenses. lower
associated Specifically, primarily costs recognized conference. we were this expenses, e-commerce partially benefited severance $X executive compensation of approximately quarter annual due expense and These approximately the second $XXX,XXX in of by lower with from higher to lower our G&A million declines year. offset of
positive and cash to cash million results increase of finished the for equivalents half the quarter Turning a We of the XXXX, balance of flow cash year in from with million, full sheet. we the quarter the third the significant cash million net highlight of XXXX. the with $XXX,XXX reorganization and of payments quarter $X.X the use and was operations in conjunction $X.X of for early Free be despite $XX These to cash during expect the million first strong quarter. in an $X.X year. the our of improvement in
I'd business recent our the and review of second gears quarter shift to review of our like So operations. focus on up performance. that wraps now
the faced issued start guidance Following up to challenges expense and year profile May detailed focused we understanding a business, revenue stacked our sales the X. in our on review CFO against appointment we our on of May, of the at how my began
U.S. to challenged That and U.S. our in a our our growth bookings in momentum outperformance focus with we As quarterly in XXXX, the to since Australia. bit the quarter, and sharpen of with by David resources bookings the said, appropriately while to fourth U.S. in we net support mentioned improvement best the allocate enjoyed earlier, results a rebound second intend the in quarter although, EMEA our results so on seen sales in investing improving of have Australia, driven the remains we EMEA also some continued
of not expenses, regard included our organization a of support process operations. capital company-wide appropriate business through allocation. With a returns This on went analysis geography, to of to focus an full that our we the identify extensive every with department providing assessment to were and throughout areas every our
specifically some U.S. resulted Our in China for assessment and difficult our operations. decisions
expense of achieve $X we savings result a the assessment, expect gross to we As took actions approximately operating this on based of annual million.
intend expect to strong earlier, million. annual mentioned we a David operating of And as with potential. $X to savings we reinvest result, expense net growth savings these fund some As areas to over
of Now, details. let me take the you through some
of remain some a churn support net there expensive China, noted the first XXXX, to half improvement bookings despite be continue Regarding in as earlier, customer our and operations. to challenge
ultimately our this China we a close to these office, Australia an made revenues now while would And have support will increased customers as China. the So result our risk churn of from continue in we to in their our of that decision. office decision and customers recognize we
while weigh In by the which areas Now, revenue our lower operate within $X G&A consolidating responsibilities, office this sales to cost annual savings better to opportunities other the the expect identified close over expect and performance, we to of decision day-to-day to R&D moving but in China net improve expenses U.S., category, expense support XXXX million. of provide we the organizations, operating markets primarily to also business operations. resources we or our we within on of our
also we spend. vendor took look addition, relationships close at our current In a and
capacity to areas some business are reallocation where other the injection our Our or Australia meaningful relationships. plan capital personnel our and of customer some in managed our investments signs early strong includes of and support percentage and services EMEA improvement. need contracts in direct that of results producing including sales U.S. Such are of reinforce the increasing a capital to
improvement XXXX we remainder stress annual that On want and took that are margins in into adjusted XXXX. meaningful the these to provide savings we a expect drive net efforts basis, of of to I actions over over the EBITDA confident will we million. $X
Now guidance. about talk we'll
the office acceleration which result this remainder will XXXX QX guidance Our from China, and of declines anticipate reflects the closure of revenue in we in for our market. in an
Our the expense EMEA foreign our the the British against and potential guidance the impacts dollar overall reorganization the pound which and efforts primarily operations. the impact U.S. currency also reflects from reductions operating in China on U.S.
As of a adjusted in issuing are we $XX factors, $X.X in million million these to and of XXXX result quarter third $XX.X guidance million EBITDA. $X revenue to million
So $X third in you from approximately expect adjusted to to these expenses in EBITDA. of the related nature reorganization the million excluded quarter onetime incur will actions, but be the given they expenses
For guidance adjusting to X. the we full we are what year on XXXX our compared issued previously May
previous We of range in are to million to of $XXX guiding $XXX compared a to million million. million $XXX to revenue $XXX a range
raising million range a compared to to we $XX adjusted our $XX EBITDA million. previous of range million to of However, are $XX guidance million $XX.X to our
with As more a in future. XXXX a midpoint positions leverage XXX this of represents to the adjusted model points growth compared us stronger to and efficient an improvement basis margin in EBITDA
our leading-edge urgency sense a provide the working our to employee vision, commitment of a future margin to expansion. could goal framework recurring look with technology growth leaner and and appreciative execute to unified dedicated sustained and we a deliver team, and customers. day passion of that face with we to to service and a a are prouder With strategic revenue with with closing, strong whom more each efficient In of and structure a the be and I driven not base more operating management
for open questions. call we'd With now to that like the operator
