Upland Software Targets About 35% Adjusted EBITDA Margin in First Half of 2028
Photo: TokenPost
Upland Software posted a 6% year-over-year revenue decline in the third quarter as it made stabilization a 2027 priority and set an about 35% adjusted EBITDA margin goal for the first half of 2028. Revenue was $47.5 million, compared with $50.5 million in the year-earlier quarter. Subscription and support revenue fell 5% to $45.3 million from $47.7 million. Adjusted EBITDA, a non-GAAP measure, was $12.6 million, or 27% of revenue, versus $16 million and 32% a year earlier. President and CEO Sean Nathaniel said Upland is targeting an adjusted EBITDA margin of about 35% in the first half of 2028.
Source: TokenPost
