Thoma Bravo’s RealPage Sees Earnings Grow as It Boosts AI Use

Thoma Bravo LLC-backed RealPage Inc. delivered slightly improved revenue and earnings at the end of last year, just as software businesses are looking to navigate both opportunities and challenges from artificial intelligence.

RealPage, a property software provider, told its debt investors during a call Wednesday that revenue was driven partly by growth in subscriptions, while earnings benefited from reduced operating expenses, people familiar with the matter said. About a quarter of the company’s revenue is enabled by AI, including screening potential renters and providing revenue management services, the company told investors.