Adjusted EBITDA was $14.8 million compared to $8.2 million in Q3 of 2020, an increase of more than 81% from the third quarter of 2020.
Software product revenue for the quarter was $102.3 million versus $87.8 million in Q3 of 2020, resulting in year-on-year software product revenue growth of 16.5%. We are pleased to report Q3 results with total revenue of $121.3 million. Altairs products, services and business models are clearly providing value, and we continue to increase our market share. Altair had a strong third quarter 2021, but across the board momentum as customers invest for growth. Thank you, Dave, and welcome to everyone on the call. Scapa - Founder, Chairman & Chief Executive Officer With that, let me turn the call over to Jim for his prepared remarks. Please be advised that we may or may not continue to provide this additional detail in the future. Finally, at times in our prepared comments or responses to your questions, we may offer metrics that are incremental to our usual presentation to provide greater insight into the dynamics of our business or our quarterly results. A reconciliation of GAAP to non-GAAP measures is included in our press release. During the course of today's call, we will refer to certain non-GAAP financial measures.
For a further discussion of the material risks and other important factors that could affect our actual results, please refer to those contained in our quarterly annual reports filed with the SEC as well as other documents that we have filed or may file from time to time. These risks are summarized in the press release that we issued earlier today. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from our expectations. We disclaim any obligation to update any forward-looking statements or outlook.
These statements reflect our views only as of today and should not be considered representative of our views as of any subsequent date. During today's call, we will make statements related to our business that may be considered forward-looking under federal securities laws. This call is being recorded, and a replay will be available on the IR section of our website following the conclusion of this call. After market closed today, we issued a press release with details regarding our third quarter performance and guidance for the fourth quarter and the full year 2021, which can be accessed in the Investor Relations section of our website at. I'm Dave Simon, Chief Administrative Officer of Altair, and with me on the call are Jim Scapa, Founder, Chairman and CEO and Matt Brown, Chief Financial Officer. Welcome, and thank you for attending Altairs earnings conference call for the third quarter of 2021 ended September 30, 2021. *Stock Advisor returns as of October 20, 2021ĭavid Simon - Chief Administrative Officer
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