Care.com Announces Second Quarter 2019 Financial Results
CARE.COM (CRCM)
Last care.com earnings: 11/6 06:00 am
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US:NYSE Investor Relations:
investors.care.com/investors/default.aspx
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Source: Business Wire
WALTHAM, Mass.--(BUSINESS WIRE)--Care.com (NYSE: CRCM), the world's largest online destination for finding and managing family care, today is announcing financial results for the second quarter ended June 29, 2019.“During Q2 we began to feel the effects of downward pressure on conversion and on traffic from word of mouth within the U.S. Matching business, which led to slower revenue growth in Q2 and lowered revenue guidance for the full year,” said Shelia Lirio Marcelo, Founder, Chairwoman and CEO of Care.com. “Care@Work, on the other hand, continues to grow impressively. Overall, as the leading digital care marketplace by a large margin, we remain optimistic about the market opportunity and look forward to our next chapter of growth.”Financial ResultsRevenue for the second quarter of 2019 was $51.0 million, an increase of 11% from $46.0 million in the second quarter of 2018.Revenue attributable to the US Consumer offering totaled $38.2 million in the second quarter of 2019, an in
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