HOUSTON — PROS Holdings, Inc. announced financial results for the third quarter ended September 30, 2024.
“I’m proud of our team for delivering a strong third quarter where we exceeded the high-end of our guidance ranges across all metrics,” stated CEO Andres Reiner. “Our strong performance reflects the trust and confidence businesses have in our platform, which is why we’re winning prominent new customers and expanding our existing base, further demonstrating the value and innovation we bring to the market.”
Third Quarter 2024 Financial Highlights
Key financial results for the third quarter 2024 are shown below. Throughout this press release all dollar figures are in millions, except net earnings (loss) per share. Unless otherwise noted, all results are on a reported basis and are compared with the prior-year period.
The attached table provides a summary of PROS results for the period, including a reconciliation of GAAP to non-GAAP metrics.
Recent Business Highlights
- Welcomed many new customers who are adopting the PROS Platform such as a global top 5 telecommunications provider, Dan Air, Fox Rent-A-Car, Noweda, South African Airways, Twist Bioscience, and Vallen, among others.
- Expanded adoption of the PROS Platform within existing customers including Asiana Air, BASF, Fonterra, Etihad. Kenworth de Monterrey, Lufthansa, and TE Connectivity, among others.
- Added an AI agent to PROS Search Engine Marketing (SEM) solution that leverages advanced models to optimize bidding strategies for paid search; one AI model analyzes trends in clicks and average cost-per-click, while another estimates the probability of conversion—these insights inform the AI agent’s optimized bid proposals, helping marketing teams improve search engine performance and maximize ROI.
- Launched Smart Rebate Management, enabling sellers to deliver optimized, fully digital offers by integrating pricing, discounts, promotions and rebates, while providing a holistic view of economic levers for more tailored and optimal offers across all channels.
- Certified as a Great Place to Work® for the third time and across all eligible countries, recognizing our inclusive, people-first culture.
Financial Outlook
PROS currently anticipates the following based on an estimated 47.5 million diluted weighted average shares outstanding for the fourth quarter of 2024 and a 22% non-GAAP estimated tax rate for the fourth quarter and full year 2024.
