everyone. Thank earnings our third for call. Thank you, quarter good April, joining and afternoon, XXXX all you us for
provide results today's on During on details XXXX call, Dale and an update and provide third quarter I our will guidance.
QX, previously see, which As guidance. our strong in exceeded you can Instructure performance exhibited communicated
year-over-year, was allocated million, $XXX.X Third year-over-year. quarter was up receipts, combined up GAAP revenue ACR, or million, while $XXX.X XX% XX%
business better health XX% business. company's visibility about Instructure, acquired gives strong free of strong bright impact unearned ACR, into to QX business as with while better to it reminder, We adjustments we EBITDA the strength I'm representation flow the think in excited and the cash and the fair the the another a quarter model adjusted back for As this unlevered margins quarter our underlying of of our adds conversion. revenue, growth delivered continuing of is demonstrate a was investors value future. which
QX results to relationships. prouder margins. I wins new while logo which our commitment the maintaining of strong be Our by of best-in-class ongoing were these existing showcase expansion growth fueled results, customer couldn't and
have in and North share across America higher business a We with the diversified leading K-XX growing international, ed, and in world. share
now Our about of digital and million education, strong learning the XX quarter federal five trend favorable talk that dynamics and I over teaching growth very highlights platform and is to underpinned trajectory from key our and for powerful want by funding mission-critical the durable facilitates users. Canvas transformation today.
reinforces strong is platform transformation teaching This that and assessment learning, even and LMS cornerstone and digital be continue classroom after our teachers First, returned at users of our American significantly levels are North high this students to Canvas levels. utilize even to continues for of students classroom ed to the pre-pandemic K-XX fall. the products the to return In the see than the that education. usage and higher a in a to higher platform QX, core usage, as continued most
given from open broad in open strength saw differentiators, projects tailwinds our digital platform. Second, of QX, we and – reliability, usability, markets, each in scalability transformation our key and strong
are the Canvas legacy future. that moving differentiators. the third-party advance ability system Canvas it Instructure to higher announced institutions LMS logos were next-generation management replace learning the in and for that the to continue they for replacing as third XXXX-XXXX University will integrate the tools year. school each Canvas Dade from academic College see year. and Hopkins key XXXX Higher in use, of education, as ease also school quarter, Blackboard We superior new incumbent case, mobile experience of solution to with the modern In continue win interface, as with Johns education In user to announced university's solutions. new platform powerful Miami the Blackboard
K-XX the become side, a increasingly of see are strong LMS. an including The scalability enterprise-grade paid continue as uptime that to LMS digital already the On value wins transformation. of momentum, clear districts we not using securing and recognize in amidst districts accelerated features, greenfield has importance
our Despite example, to For as their LMS had this XXX,XXX with district information of a the competitor's usage school no top superior they seeing districts, chose in functionality because student a our competitor's Canvas we of they of demonstrated invest system, well-received and example U.S. QX, that great the known XX in great of our in innovation. LMS the Canvas This is traction are appeal Canvas though and chose the market and access students in paid point over even for K-XX the their cost. as a how proof SIS, the success and a new we to for continue of large continued offering. K-X
XX% our of excess the quarter. international revenue with in growth outstanding growth see to continue markets also during third We in
and month. us and than assessments levels. to strategy our more new that continue K-X, products the ahead conference, our highlighting to enable opportunity Third, installed prospects, and a to customers the which demonstrating for we have working. customer for utilize very of assessments, LMS, just Canvas age-appropriate attendees Fourth, demand our magnitude beyond introduced successful at InstructureCon, the pre-pandemic features opportunity new At commercial this add learning evident that including our we see is us. adopt these several event we continue had significant platform, existing platform base additional Canvas InstructureCon large were which from the was in MasteryView scoring Xx of We to partnerships than effective half more new features last learners. of and shorter, youngest simplified algorithms attendees our X,XXX our for over our in building More products, institutions join
product. in AMS. our more Management area the from growing cross-sell is wins continues X One Solutions, percentage come see and logo result, of or than opportunities success a new As percentage new Assessment bookings growing to a we of include cross-selling
will with Vermont their integration the our the one Cooperative, of of this management key purchased the deals, Virtual learning and learning We add platform. our loss our and innovation inorganic another this to enduring was within drive and Tennessee platform is to the example, especially growth product Learning address AMS significant of cross-sell, solutions. need assessment integrate positioned This will our decision them in products the a the through the very assessments chose a we not existing reasons. pandemic customers serious statewide event. a to the for address assessment more to transformation we In organic well system iterative created example, issue, factor learning by continue The as more quarter. our help approach the assessment singular A system. to For are digital same large fuel through and management in believe district continue
capabilities. M&A Impact, month, well. to excited the that education now our K-XX learning customers the called we announced the also platform one partners. the and disconnected Impact increases addressable of mention up Finally, of between applications our key Kimono expand connect for TAM cloud-based as Kimono, partners expand integration on for the opening Eesysoft to provider and ability drive of great used that this the integration platform acquisition Eesysoft the our Both Earlier data durable only solutions use We to strategic our is to product we increase applications. integration, market, available market classroom I'm our say to to rapidly the and the continue and accelerate strategic market and Kimono's and in data very earlier a data today, to examples seamlessly of track growth. performing availability are in road leading solution to and previously our we of I'm excited addressable believe use announced higher value the applications. of share platform school's M&A different to the ed. our with map share enables
As as confident and and TAM, we base. financial am both forward, learning about I to business. M&A expansive well companies are call We our seeing talk look opportunities business. optimistic acquiring enhance our platform and – cross-sell our now summary, in into continue create turn to the In a for platform growth we teaching pipeline for focus we remains strong, and and will believe we our customer exciting that expand the the the education our will Dale results expanding in and about our profitability I and to leading positioned K-XX. are higher over durable for momentum on
