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Innovid (CTV)
NYSE:CTV
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<$0.01Last Year’s EPS
-$0.01Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 64.25%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. There were notable achievements in CTV growth, new partnerships, and operational efficiency, leading to improved profitability. However, these positives were balanced by challenges such as the impact of political ad spending, slower cross-sell growth, and a shift in service offerings affecting short-term revenue.Company Guidance
During the Innovid Third Quarter 2024 Earnings Call, the company provided several key metrics and guidance for the quarter and the year. Revenue for Q3 grew 6% year-over-year to $38 million, driven primarily by a 12% increase in CTV ad serving and personalization revenue. Despite this growth, total revenue was below expectations due to factors such as increased political ad spending, which led to a slowdown in brand spending. Adjusted EBITDA for the quarter rose 29% to $8 million, achieving a 22% margin, up from 18% the previous year, reflecting strong operational profitability. Innovid adjusted its full-year revenue guidance to a range of $150.5 million to $152.5 million, representing an 8% growth at the midpoint, while increasing its adjusted EBITDA guidance to between $26.7 million and $28.7 million. The company expects to see continued growth in CTV, with CTV video impressions now accounting for 58% of all video impressions, and aims for a long-term adjusted EBITDA margin exceeding 30%.Revenue Growth and Adjusted EBITDA Increase
Revenue for the third quarter grew 6% year-over-year to $38 million. Adjusted EBITDA grew 29% to $8 million with a 22% adjusted EBITDA margin.
CTV Ad Serving and Personalization Growth
CTV ad serving and personalization revenue improved by 12% year-over-year, with CTV share of total video impressions reaching a new record high of 58%.
New Client Acquisitions and Partnerships
Signed new clients and expanded relationships with brands like Toyota, Dollar General, and Netflix. Selected as a partner for impression verification within Netflix's ad-supported platform.
Operational Efficiency and Margin Expansion
Improved operational profitability with adjusted EBITDA margin expanding from 18% to 22%, driven by AI implementation and increased software-only service adoption.
Positive Cash Flow and Strong Balance Sheet
Generated $6 million in net cash from operating activities and improved net cash to $34.6 million, a 25% increase from the previous year.
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CTV Earnings History
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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CTV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.93 | $1.81 | -6.22% |
| Aug 06, 2024 | $1.89 | $1.78 | -5.82% |
| May 07, 2024 | $2.25 | $2.22 | -1.33% |
| Feb 27, 2024 | $1.74 | $1.85 | +6.32% |
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 Innovid (CTV) report earnings?
Innovid (CTV) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Innovid (CTV) earnings time?
Innovid (CTV) earnings time is at Feb 21, 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTV EPS forecast?
CTV EPS forecast for the fiscal quarter 2024 (Q4) is <$0.01.
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