🔹 Revenue: $68.0M (Est. $63.97M) 🟢
🔹 EPS: $0.03 (Est. ($0.22)) 🟢
🔹 Adj EBITDA: $11.2M (16% margin)
🔹 Net Loss: ($6.5M)
Guidance (Q4’25)
🔹 Revenue: $73–77M (Est. $74.97M) 🟡
🔹 Adjusted EBITDA: $19–21M (~27% margin midpoint)
Growth Drivers
🔹 CTV revenue UP >50% YoY (ex-political)
🔹 Activate revenue UP >100% YoY
🔹 Mid-market DSP ad spend UP +25% YoY
AI Platform & Efficiency
🔹 AI platform reduces campaign setup time -87%
🔹 Issue resolution time -70%
🔹 Infrastructure improvements deliver 3x more ad requests per server
Balance Sheet
🔹 Cash: $136.5M
🔹 No debt
🔹 Share repurchases: $180.6M (24% of shares since program start)
Management
🔸 “We outperformed guidance, driven by CTV and accelerated AI adoption.” – CEO Rajeev Goel