Lineage Reports Q3 Revenue Miss and Declining Adjusted EBITDA
Lineage (LINE) reported third-quarter financial results characterized by a revenue miss and declining profitability metrics. The company recorded $1.36 billion in revenue, representing a 1.4% year-over-year decrease and falling $10 million short of market expectations. Profitability also saw a contraction, with adjusted EBITDA dropping 7.0% to $317 million. This decline was accompanied by a 150 basis point compression in the adjusted EBITDA margin, which fell to 23.30%. Despite these headwinds, the company reported a core Funds From Operations (FFO) of $77 million for the quarter.
Tickers: $LINE
Topics: earnings miss EBITDA decrease revenue decline
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