CCC Intelligent Solutions Holdings Inc. reported strong financial results for the fourth quarter and full year 2024, with revenue growing 9% year-over-year to $944.8 million. Adjusted EBITDA increased 12% to $397.4 million, with an adjusted EBITDA margin of 42%. The company attributed its success to investments in AI-driven solutions, platform expansion, and the acquisition of EvolutionIQ, enhancing its claims management capabilities.

CCC strengthened its customer base, adding over 1,000 new collision repair facilities and expanding its AI-powered offerings. Additionally, the company renewed a top 20 auto insurer for a five-year extension and expanded intelligent solutions across multiple insurance clients.

For fiscal year 2025, CCC projects revenue between $1.055 billion and $1.065 billion, with adjusted EBITDA of $417 million to $427 million. The company also announced a $300 million share repurchase program.

source: CCC Intelligent Solutions Holdings Inc., February 25, 2025.