The earnings call reflects a positive outlook for Fluent, driven by substantial growth in the Commerce Media Solutions segment and strategic repositioning efforts. However, challenges remain in the owned and operated marketplace due to external factors like political advertising. Despite current financial losses, the company is optimistic about future growth prospects and improved profitability.
Company Guidance
During the third-quarter 2024 earnings call for Fluent (FLNT), the company provided guidance emphasizing its strategic shift towards Commerce Media Solutions. The segment has demonstrated impressive growth, with revenue reaching $10.4 million in Q3 2024, marking a triple-digit increase from the prior year and representing 16% of total revenue, up from 3% in Q3 2023. The company reported a 9.9% revenue increase from Q2 2024, totaling $64.5 million, while the media margin rose by 15.9% to $18.2 million. Adjusted EBITDA was slightly negative at $0.1 million. Management anticipates double-digit year-over-year revenue growth in 2025 as the business continues to pivot towards Commerce Media Solutions, which also boasts higher gross margins at 33% compared to the consolidated 24% in Q3 2024. Despite election-related headwinds impacting the owned and operated marketplace, Fluent remains optimistic about its long-term growth trajectory, driven by the addition of 15 new partners in Q3 and further expansion plans into new verticals.
Commerce Media Solutions Growth
Commerce Media Solutions delivered triple-digit year-over-year revenue growth every quarter this year, with revenue increasing from $2.3 million in Q3 2023 to $10.4 million in Q3 2024, representing a major shift in revenue mix.
Increased Media Margin
The media margin for Commerce Media Solutions was 33.7% in Q3 2024, significantly higher than the consolidated media margins of 28.1%, indicating more efficient revenue generation.
Revenue Growth and Strategic Pivot
Overall revenue increased by 9.9% from Q2 2024, with strategic repositioning towards Commerce Media Solutions expected to lead to continued strong revenue growth in Q4 2024 and into 2025.
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Fluent (FLNT) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLNT Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 14, 2024
$3.02
$2.82
-6.62%
Aug 19, 2024
$3.00
$2.71
-9.67%
May 15, 2024
$3.97
$3.45
-13.10%
Apr 02, 2024
$3.02
$3.01
-0.33%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fluent (FLNT) report earnings?
Fluent (FLNT) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Fluent (FLNT) earnings time?
Fluent (FLNT) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.