in and Perfit, comments with second start Ryan quarter. Schulke, Officer. Financial today. call joining our progress and with Interim Thank the initiatives regarding today our Company together you Chief Officer afternoon. Good for strategic and brief here our all Chief our some Ryan Strategy Co-Founder; I'll I'm
transition, agenda which marketplace make a and and second with our continue the marketplaces. reached performance growth believe strategic as progress provides operated we we've to our financial We exciting new strategic stabilization owned in our business the is point continued of in metrics. energized validation longer-term front, to are by of with our On we early this and a higher-margin strategic syndicated plan performance our half highly the progress pivot growth an inflection clear
Since accretive mix have marketplace late into the our our of launch our in shifting our allow and will our syndicated us revenue improvements to business differentiated markets, delivered to XXXX, every are each sequential deliver growth both Fluent's and we focused performance since. long-term performance margins in marketplaces quarter in And profit gross strategy on been investments position that successfully core. the where and
then is in and remain QX. consolidated consolidated the double-digit we've momentum accelerating, marketplaces, and with and QX stage our rebound. as performance of XXXX, consolidated double-digit reached the to year business of that year-over-year we year-over-year end, single-digit in the momentum build, a growth growth Fluent's that strong in mix into we anticipate confident continues And expect Our financial deliver growth. year-over-year shift to we real To accelerate should
more partners. business marketplace lines. next further on with impact sign positive and performance partner, there's specific time of new a as tends owned We'll on this a our detail and speak marketplace. cycle brand stickier, see to corresponding operated quarter sales of While higher we platform we our once it liberty have and financials our the we predictability based a growth But execution longer the mutually more can the sophisticated to than agenda about we're at when agreed-upon the project level our certainty as
against fiscal new performance page marketplace into QX and we in year the partnerships enthusiastically time QX, subsequent strategies, and live major align have go brands stat and quarters, we tactics lines. Bottom will our those executional XXXX and line, as endorsing hit
let's $XX.X XXXX. of versus million So tough XX% QX represents about our the decline Revenue regarding performance. news financial QX talk
was a X.X% million $XX.X of XX.X% $X.X revenue. of versus QX negative of margin media decrease Our XXXX. of million EBITDA a And represents adjusted negative
lower-than-expected an increase and our necessitated activity QX driven underlying results were in by primarily financial QX business quarterly adjustment. X Our a third-party in trends unauthorized ACA that
The felt and results transition, generated owned no impact of lingering were marketplace relevant. from businesses exiting FTC our reflect post strategically including operated settlement the our our longer we
we and should to saw this that has end fully in finalized the operated the revenue by QX, we half. and results the are we've declines, margin the businesses into QX marketplaces beginning cycle in our second showed continued have exited of owned second marketplace Although continued quarter and stabilization importantly, indicating position
operated and acceleration into partially differentiated of were marketplaces. our to marketplace the offset our declines growth shift and mix continued revenue market growth position. performance syndicated Owned year-over-year by marketplace agenda the new continues media and Performance a margin establish strategic
Our results solutions ACA were exasperated by our business. unauthorized impacting third-party vertical call activity our in
record, agency their for the insurance policies affecting the Services, changed of the dramatically ACA system Once increased, adversely unauthorized & industry. for entire AORs, the Medicare largely eliminating became Centers of on they Recently, aware, AOR, switching Medicaid switching CMS, practice.
term. media system However, $X.X of in ability write-down QX. adjusted accounts equal an penalize hampering also the not unauthorized prior to activity, recover margin receivable effectively necessitated cost the our EBITDA revenue, a in to the or and our business with did the operate This to million offset short losses new
in QX negative While our the laid overall future Absent we the calls. this financials had see our agenda. performance as our nonrecurring negatively financial or write-down map impact having with remain to write-down, we've growth additional this out no previous impacted consistent results, road our
That somewhat our remain in growth a by with mix. on our excited operated and growing position now profit on a revenue in that into to in owned marketplaces. plan are we're insight agenda year's momentum, reflection differentiated financials last marketplaces, ability the take XXXX are get compared the the picture like why some you market half second performance to of provide and we our combined to However, evolving can so creating. the so our growth our is of confident deeper we numbers.
I'd market stabilization time in accelerate masked when clear of is our We to
performance in syndicated the growth with unleash markets, of the accelerate marketplace. very can core unique the brand Fluent and marketplaces operated a high-growth Our where the into our we owned strategic agenda capabilities, competitive us our dynamic as we large, spear in represent advantage providing grounded tip
build Our year-over-year and performance is to through accelerating beyond. marketplaces on as continue anticipate XXXX revenue that we And momentum, plan. end growth the of growth we on
revenue gross Equally improvement. room for exciting our ample additional margin in is business that than faster is with growing that
strategy our opportunity and this Fluent see enhanced lean growth performance you into why operating So as can we enthusiastic we're so across drive the efficiencies about marketplace enterprise.
while the In the expanding our return Fluent through is to share on half growth market the enterprise year. positioning QX, year-over-year consolidated back our that growth in through believe of performance our marketplaces will we sequentially syndicated focus accelerate continued
Adflow media insight The additional Adflow The in XX% market. and syndicated XXXX. some billion over performance is by media $XXX that's have marketplace of we solution billion, by media to the with brands XX% expected increase expected result our reach budgets, regarding $XX more commerce proof-of-concept strategic at to Presently, to Now large business. valued is are commerce optimism. U.S. where XXXX. market platform, and us currently growing launched our anchors even leaves rapidly
have restaurant May, yielded added we've and partners increase and grocery, our into excellent Our driven verticals. leveraging by planned, which platform learning as wins, foundational by trend are new our new revenue will enabled technology, partner growth Adflow capabilities expanding results. strategies Furthermore, continue as machine that to proprietary travel show data growth we're quick-serve that brand markedly since attractive line very year-over-year
with along new increasing reach purchase by to at excited momentum growth for represents are results Adflow the these consumers as platform world-class moment. our the engagements high-quality We seeking optimal opportunity brands a
believe And future from adjacent already enhance partners platforms. Headlining, beyond working significant partners' to this position validating unique will set. market are our enthusiastic across competitive leading-edge in retention now and to with also we opportunity quarters, our post-transaction more engagement, impact loyalty-based we expand that on consumer a partners strategic and commerce further based feedback. speak differentiate Fluent commerce marketplaces are in their loyalty enhance but our our We'll to Adflow's see we
In and spot. leadership proposition and platform unique coupled knowledge our a select as our provide a incomparable of aggressively QX, opportunity partners in in, powerful are to and with with order loyalty what into is are another innovative a of partners, leveraging Fluent Adflow This we a marketplace. sweet with Based and this partners that we launching and insights marketplaces solution strategic growth to while is media our owned with advertisers to with on value that marriage economic commerce launched solution are loyalty operated our operated right is and lean point they as believe Adflow's next-generation relevant credibility our earning combination, early-stage in our our us owned position deep alike. leveraging large proprietary sharing we our
and loyalty retention and Adflow a opportunity a brand unique growing provides media position Both and significant industry. Fluent commerce large the growth in and solutions
across customer More importantly, beyond marketing we it consumer partners value expand proposition acquisition to entire as strategic world-class the quality expands our engagement funnel.
by in here, our excited we'll progress are releases. detail earning We future and more provide
declined upcoming second regulatory changes. we partners. are proactively better solutions after of business, call QX, the well now consistent building demand, regulatory horizon. QX we future our By adjusted by remains half believe our quality We to growth, the In and call changes positioned growth year-over-year offers mostly compliance on our the to revenue for historical solution we solutions future partners' that current the end due our believe and for
half execution, by to strategic this a high a pausing half market ourselves quarter, financial market, Fluent available the later to the business us. headwinds the revenue heading changes Medicaid to growth anticipate business, In we that evaluating evidenced although Services highly growth market during growth Despite momentum ongoing within ensure are Medicare accelerating marketplaces this and it solutions initiative our differentiate opportunity, the call first Centers and into of year. acceptation to this fragmented solid and our closely we so XXXX, continue had in all more and ACA the can is in of given sequential and opportunities a performance & Adflow
By end QX, achieved in X of our we strategic pivot. milestones important the critically
stabilized our we First, marketplace. own operated and
very stability higher-quality positive of performance where based these advantages on we're marketplaces, Second, syndicated a into accelerate the consumer provides our to the continue parts our springboard building and business. and in we results where engagement in owned marketplace competitive operated
strategic We already performance growth financial delivering are they are quite enthusiastic and agenda roles owned our than operating margin in our playing the higher marketplaces long-term our that and as regarding are marketplaces.
Moving growth our QX. in growth are single-digit that performance the impact accelerate from marketplaces. growth will year-over-year we achieving and should have continue confident We double-digit corresponding consolidated we Fluent believe QX revenue to forward, in
rapidly more than gross our in we'll revenue and And profit that and we strategic market be parallel, on revenue momentum, over year confident in Fluent XXXX. as time. growing our are the year-end consolidated profit double-digit well to Importantly, growth financial we fiscal we total course our and with believe enhance is position, deliver gross
And with our on turn Ryan that, to I'll Perfit provide results. more to detail financial