๐น Revenue: $68.0M (Est. $63.97M) ๐ข
๐น EPS: $0.03 (Est. ($0.22)) ๐ข
๐น Adj EBITDA: $11.2M (16% margin)
๐น Net Loss: ($6.5M)
Guidance (Q4โ25)
๐น Revenue: $73โ77M (Est. $74.97M) ๐ก
๐น Adjusted EBITDA: $19โ21M (~27% margin midpoint)
Growth Drivers
๐น CTV revenue UP >50% YoY (ex-political)
๐น Activate revenue UP >100% YoY
๐น Mid-market DSP ad spend UP +25% YoY
AI Platform & Efficiency
๐น AI platform reduces campaign setup time -87%
๐น Issue resolution time -70%
๐น Infrastructure improvements deliver 3x more ad requests per server
Balance Sheet
๐น Cash: $136.5M
๐น No debt
๐น Share repurchases: $180.6M (24% of shares since program start)
Management
๐ธ โWe outperformed guidance, driven by CTV and accelerated AI adoption.โ โ CEO Rajeev Goel