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to product, versus grew million. and technology ago non-GAAP XX% quarter Our the $XX.X first development year period expenses
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levels remain to at continue grow these and technology and we as product Digital end-to-end development product, expect expanded our develop build our expenses to Retail offerings transaction-enabled to We platform.
CarOffer guidance of We generated Marketplace due most quarter, above XX%. was market was range. subscription prudent effective $XX.X strong and recent first dynamics operations. favorable our $XX.X improved EBITDA income margin $XX.X of adjusted first in in performance, of non-GAAP million the high This million the operating the and end Consolidated to reflecting management, operating wholesale continued expense quarter, million
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year-over-year. total down we quarter, incurred million, the X% of $XXX.X In first expenses operating
As in and I revaluation liability-based decrease due in stock reflects the compensation expense of mentioned in to addition a XX% reduction in operating marketing the to awards. a decrease expenses earlier, year-over-year stock-based expense certain strategic sales
quarter year-over-year to $XX.X XX% decreased GAAP income operating million. First
$XX.X $X.X First million redeemable ended quarter $XXX.X totaled decrease quarter. Net in was first and income noncontrolling and million. was equivalents, $XX.X million GAAP net cash quarter interests to $XX.X to CarGurus million. the of fourth We consolidated GAAP from end quarter a attributable million loss net income of first cash the attributable negative the with
We driven quarter cash which quarter generated in of increase in working million in in website development the million our $XX.X accounts. non-GAAP our by million and primarily operations flow, first of $XX cash Cash million. by a capitalized results provided and cash was $X.X includes free $XX.X operations from first expenditure the capital capital and costs
shares the During for million. first we million $XX.X quarter, an price aggregate of repurchased X purchase
had As $XXX.X share of March approximately additional repurchases. million available XX, for we
outlook with second I'll quarter. conclude for the the
expect wholesale are arbitration we revenue Digital from revenue improved $XXX continued be forecasting continue along segment, offset we excellence OEM by We and volumes. softening Wholesale QX, million. of performance. driven a over to operational a in the advertising. operational in with In expect headwinds our the market, prioritize once be decline in $XXX We revenue to In by our again financing subscription strong to consumer to second range million quarter Marketplace
result, range quarter expect a our Product revenue As the item million. line $XX in of $XX be we for second to million to
quarter $X.XX. our $X.XX non-GAAP of in range to range $XX to We adjusted the be the EBITDA in million to per consolidated expect $XX share million second and non-GAAP of earnings
to that Moreover, for quarter-over-quarter second our As we our increased EBITDA Digital sustainable during full have it are breakeven our be we operating to continue improvements profitable a lease lower Wholesale brand we expect our expense to to our spend operational campaign. quarter. make quarter EBITDA will we to the and segment Marketplace to expenses, relates for related expect as of marketing business, reach as CarOffer
previously we our it to Offer year prudent mentioned, full our due we've modestly for Max as Instant in However, XXXX spend and remain marketing. reduction expect spend marketing below the to be in Cash
our In and We're ability overcome results to quarter, challenges. the to first expectations. our proud significantly quickly of exceeded we our team's react
our advancements not feasible incredible commitment for if in our Our driving our achieving would globally, work employees in unwavering and progress achievements and hard been weren't results. have it instrumental have whose been
that, open Q&A. the With up I'll for call
