Innovid reports Q4 EPS (1c), consensus (1c)

Reports Q4 revenue $38.6M, consensus $36.2M. “We’re very proud to close out a transformational year at Innovid and exit 2023 with solid business momentum. We exceeded our revenue and Adjusted EBITDA guidance, demonstrated sequential improvement each quarter, and generated positive free cash flow for the year,” said Zvika Netter, Co-Founder and CEO. “We continue to sit in an excellent position as more CTV ad-supported platforms gain momentum and live sports rights shift to streaming. We remain dedicated to driving accelerated and profitable growth in our business and have a strong conviction in our massive market opportunity.”