Innovid Corp (CTV) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic Partnerships ... [Yahoo! Finance]
Innovid Corp. (CTV)
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Source: Yahoo! Finance
Innovid Corp ( NYSE:CTV ) reported a 6% year-over-year revenue growth to $38 million for Q3 2024. CTV ad serving and personalization revenue increased by 12% year-over-year, with CTV impressions reaching a record high of 58%. Adjusted EBITDA grew by 29% to $8 million, achieving a 22% adjusted EBITDA margin. The company has expanded its partnership with Netflix, enhancing its visibility and increasing ad-serving capabilities. Innovid Corp ( NYSE:CTV ) is implementing AI and workflow automation, leading to improved operational efficiency and a 50% growth in impressions from clients using the platform without additional service layers. Total revenue for the third quarter fell below expectations due to political ad spending crowding out traditional brand spending. There was slower than anticipated growth in cross-selling additional products to clients, with measurement revenue growing only 1%. Mobile impressions declined by 2%, and desktop video impressions grew only 5%, wh
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CTV
News
- Innovid Corp. (NYSE: CTV) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $3.00 price target on the stock.MarketBeat
- Innovid to Participate in Upcoming Investor ConferencesBusiness Wire
- Innovid Corp. (CTV) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Innovid Reports Q3 2024 Financial ResultsBusiness Wire
- Innovid to Release Third Quarter 2024 Financial Results on November 12thBusiness Wire
CTV
Earnings
- 8/6/24 - Miss
CTV
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- CTV's page on the SEC website