ChannelAdvisor Reports Second Quarter 2023 Results; Achieves Record Subscription Revenue

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Brands revenue increased 20% year-over-year
Brands subscription revenue increased 27% year-over-year
Adjusted EBITDA exceeds guidance
Repurchased $25 million of common stock
RESEARCH TRIANGLE PARK, N.C., June. 09, 2023 (GLOBE NEWSWIRE) — ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable brands and retailers to increase global sales, today reported financial results for the quarter and six months ended June 30, 2023.
Second Quarter 2023 HighlightsGAAP

Total revenue of $42.

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