Innovid reports Q1 EPS (4c), two estimates (1c)

Reports Q1 revenue $36.7M,two estimates $35M..Q1 net loss improved year-over-year to $6.2M and adjusted EBITDA improved to $4.4M, representing a 12% adjusted EBITDA margin; Company raises full-year 2024 guidance… “We’re very proud to start 2024 with solid business momentum. We exceeded our revenue and Adjusted EBITDA guidance, demonstrated continuous improvement, and generated positive free cash flow for the quarter,” said Zvika Netter, Co-Founder and CEO. “Most recently, we launched our Harmony initiative and product suite to optimize the CTV advertising ecosystem. This initiative brings value to advertisers, publishers, technology players, and ultimately, to viewers, as we seek to keep TV open for everyone and controlled by no one.”