Synchronoss Technologies, a publicly owned company founded in 2000 and headquartered in the US, employs approximately 1790 people. The company develops and provides technology for marketers and agencies. Its products aim to assist clients in improving network efficiency, simplifying customer onboarding processes, and enhancing subscriber engagement, ultimately leading to increased revenue, reduced operational costs, and faster product launches.
Synchronoss Technologies reported second-quarter 2025 earnings on an unspecified date. Revenue totaled US$42.5 million, a 2.2% decrease from the second quarter of 2024. Earnings per share were $0.1, below the expected $0.25. The company noted subscriber growth of 2% year-over-year. Adjusted EBITDA reached $12.8 million, resulting in a 30.2% adjusted EBITDA margin. A final federal CARES Act tax refund payment of $3.7 million was received, bringing the total refund to $33.9 million, including $5.2 million in interest. Another report indicated that revenue declined 5% year-over-year to $143.8 million, while the adjusted EBITDA margin increased to 14.5%. Management attributed the revenue decrease to lower sales in the legacy business, counterbalanced by growth in newer areas.
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Synchronoss Technologies offers 2 products in the ad tech industry. Synchronoss Technologies's product portfolio comprises of marketer and agency technology.
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Synchronoss Technologies's customers primarily consist of telecoms services companies. Examples of Synchronoss Technologies's customers include Verizon Consumer and SFR. Synchronoss Technologies has commercial and technical partners like KDDI, NTT Docomo and AT&T.
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