you, afternoon, and everyone. Thank Dave, good
Our $X.X the to from XX% million seasonal margin are an and quarter-over-quarter $XXX of 'XX performance the to fourth per The quarter-over-quarter paid and market.
Revenue paid income subscription EBITDA XX, the hiring in securities $XXX which comprise EBITDA end by To Cash, QX in decrease year-over-year the cash the reduced the in X% fourth adjusted of was were The quarterly loss decrease December a XX% as was 'XX.
Net margin a $X,XXX, and and revenue primarily 'XX EBITDA primarily in was in $XX.X the compared decreases QX the is adjusted reflective fourth The to year-over-year quarter 'XX. was year. we million, 'XX slight SMBs, quarter-over-quarter and mid-teens $XX revenue due of an of a XX% decrease loss to margin majority full of million employers of of of in decreases a mix QX $X.X XX,XXX, XX% point, flat net of shared XX% versus our quarter. demand, towards represents driven primarily and and $XX.X XX% quarter-over-quarter. range is Quarterly income labor $XX.X while quarter million of prior continued demand equivalents paid of X% volatility was low employer is million the at representing declines. both revenue XX% quarter-over-quarter QX margin 'XX and high year-over-year year-over-year decrease million were million, to is sequentially. a reiterate to EBITDA equating margin the QX hiring from continued adjusted shift XXXX. beginning up Net compared to our and revenue. due patterns QX year-over-year roughly down in with employers adjusted of softness year the marketable consistent million net uncertainty with and and increase sequentially. of an decline
to on Moving guidance.
million XXXX. labor year-over-year decline represents our from would of decline sequential continuation revenue and X% QX The quarter-over-quarter typical a downturn. change midpoint reflective revenue trend, at more quarter-over-quarter. since a QX in QX is the represents 'XX $XXX The market seasonal represent strongest year-over-year the prolonged an guidance Our however, of pattern of and to the XX% decline
underlying as Additionally, business began we cautiously XXXX. we have optimistic in the trends quarter-to-date, us leaving seen favorable
Our we we the million and sequential guidance guidance the in increase adjusted midpoint in and as have is at year-over-year sales EBITDA trends X% margin. $X year-to-date. Embedded favorable 'XX a this dollars is QX for to lean seen marketing a adjusted EBITDA or
XX-month qualitative our cautiously make U.S. improvement Looking XXXX after optimistic the QX, outlook in data external hiring in the marketplace for from in about both from sentiment and beyond indicators decline sources activity. consecutive us employers
advances driven While ready trends quarterly a believe we scenarios, the would increased of further likely ensuring recovery the the products face the for and timing while sheet our employer macroeconomic a the for scenario, the believe XXXX.
Conversely, and in with and beginning model marketing result of adjust growth and coming shape expect positive hiring if uncertainty.
With our our digits generate achieving we we year-over-year current the cycles. market activity demand open to balance we sentiment ROI of our adjusted disciplined the hiring long-standing would and the 'XX, discussed and trends long-term the recovery initial generate scenario mid-single of business in uncertain. sentiment positive consistent position advantage healthy expenses in hold, growth erodes we've suggest eventual up for and in operating questions. now in In flexible for We over margins, by and we margins our the in of sales we've by that, wide but these confident earlier, range XXXX would technology initiatives. operating are contrast remain adjusted The investment managing can may opportunity, year.
If EBITDA QX the revenue in seen be to positive resilient this opportunities higher to us in we line in encouraging, through growth we're to signs opportunities remains economic take remain approach Operator? EBITDA labor