Upland Software Q3 Performance Amid Declining Revenue and Focused Portfolio: AI-Driven Deal Momentum and Cautious Outlook for Q4

Upland Software's Q3 revenue fell 24.2% YoY to $50.53 million, but beat Wall Street's expectations. Non-GAAP profit of $0.30 per share was 73.1% above analysts' estimates. The company's guidance for Q4 revenue of $49.4 million was below analyst estimates, while EBITDA guidance for the full year was also below estimates. Management attributed the quarter's performance to progress in core organic growth, strong adjusted EBITDA margins, and new large-scale customer wins in its AI-powered product suite.