MARCHEX (MCHX) Company Report

Button achieved its highest Gross Merchandise Sales (GMS) in company history, surpassing $25 billion all-time, with $10 billion generated in 2025.
In 2025, Button-powered commerce recorded over $2.9 billion in App GMS, marking more than 91% year-over-year growth.
The company launched several new products in 2025, including an integration with Linktree, Creator Media Launch, and CuratedBy Launch, and secured a strategic growth investment from PSG.
Partners using Button's platform experienced significant improvements, including a 175% increase in app installs, 114% higher revenue per tap, and 40% higher mobile affiliate revenue.

Dec 22, 2025, 2:00 PM

Marchex Announces Q3 2025 Results and Agreement to Acquire Arcaneum

MCHX

Earnings

M&A

Guidance Update

Marchex reported Q3 2025 revenue of $11.5 million, a decrease from $11.7 million in Q2 2025, and expects Q4 2025 revenue and adjusted EBITDA to be sequentially lower.
The company entered an agreement of principle to acquire Arcaneum for a $10 million convertible promissory note and an earnout of up to 4 million shares, with closing anticipated in H1 2026 subject to stockholder approval.
For 2026, Marchex projects standalone revenue growth in the 10% range and adjusted EBITDA margins of 10% or more. The potential combined company with Arcaneum is projected to have approximately $60 million annualized revenue run rates and revenue growth in the 15%-20% range.
This acquisition is expected to expand Marchex's addressable market by offering AI-driven bundled solutions across insights, actions, and outcomes, making a $100 million revenue opportunity more tangible and achievable sooner.

Nov 13, 2025, 10:00 PM

Marchex Announces Q3 2025 Results and Agreement to Acquire Archenia

MCHX

Earnings

M&A

Guidance Update

Marchex reported GAAP revenue of $11.5 million for the third quarter of 2025, a decrease from $12.6 million in Q3 2024, and a net loss of $1.0 million or $(0.02) per diluted share.
The company achieved an Adjusted EBITDA gain of $0.6 million for Q3 2025, which would be $1.1 million excluding reorganization costs, compared to a gain of $0.3 million in Q3 2024.
Marchex entered into an Agreement in Principle on November 13, 2025, to acquire 100% of Archenia, Inc. for a $10 million convertible promissory note and potential contingent stock consideration, with the closing anticipated in the first half of 2026.
Archenia estimated its revenue to be more than $14 million for the nine months ended September 30, 2025, and more than $17 million for the full year 2025.
Marchex anticipates revenue growth in the 10% range and Adjusted EBITDA margins of 10% or more in 2026, but expects Q4 2025 revenue and Adjusted EBITDA to be sequentially lower than Q3 2025.