🔹 Revenue: $71.1M (Est. $67.84M) 🟢; UP +6% YoY
🔹 EPS: $0.05 (Est. $(0.16)) 🟢
🔹 Adj. EBITDA: $14.2M (20% margin) vs. $21.1M (31% margin) YoY
Q3 Guide:
🔹 Revenue: $61M–$66M (Est. $70.77M) 🔴
🔹 Adj. EBITDA: $7M–$10M (~13% margin at midpoint)
Other Q2 Metrics:
🔹 GAAP Net Loss: $(5.2M) vs. Net Income $2.0M YoY
🔹 Non-GAAP Net Income: $2.5M vs. $9.7M YoY
🔹 Operating Cash Flow: $14.9M vs. $11.9M YoY
🔹 Cash & Investments: $117.6M; Debt: None
🔹 Share Repurchases: 3.5M shares in Q2 (7% of FD shares)
Business Highlights:
🔹 Omnichannel video rev. +34% YoY; 41% of total
🔹 CTV rev. +50% YoY; now reaches 26 of top 30 global streamers (87%)
🔹 Supply Path Optimization >55% of total activity (vs. 51% YoY)
🔹 Activate buying activity doubled QoQ; 90%+ campaigns met/exceeded KPIs
🔹 Launched Live Sports Marketplace with FanServ, MLB, FuboTV, DirecTV, Spectrum Reach, Roku
🔹 Added AI-powered analytics, predictive diagnostics, and dynamic floor yield module
🔹 Processed 78T impressions (+28% YoY); cost per million impressions -20% TTM
CEO Commentary:
🔸 “We exceeded revenue and adjusted EBITDA guidance as our business mix shifts toward high-margin CTV, Activate, and sell-side targeting