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Stock impact report

Fluent Inc (FLNT) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic Shifts Amid ... [Yahoo! Finance]

Fluent, Inc. (FLNT) 
Last fluent, inc. earnings: 3/12 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Fluent Inc ( NASDAQ:FLNT ) reported a 9.9% increase in revenue compared to Q2 2024, reaching $64.5 million. The company's Commerce Media Solutions segment demonstrated triple-digit year-over-year revenue growth, now accounting for 16% of total revenue. Fluent Inc ( NASDAQ:FLNT ) added 15 new partners in Q3 2024, contributing to the growth of its Commerce Media Solutions. The Commerce Media Solutions segment achieved higher gross margins of 33% compared to the consolidated gross margin of 24%. The company anticipates continued strong quarter-over-quarter revenue growth in Q4 2024 and into 2025, driven by its strategic shift towards Commerce Media Solutions. Fluent Inc ( NASDAQ:FLNT ) experienced a 2.6% decline in revenue compared to the prior year. The owned and operated marketplace revenue was negatively impacted by increased media costs due to the US Presidential election, affecting margins. The company reported a net loss of $7.9 million in Q3 2024, although this was Show less Read more
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