Q3 2024 Innovid Corp Earnings Call Transcript

Nov 12, 2024 / 01:30 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Innovid Corp (CTV) reported a 6% year-over-year revenue growth to $38 million for Q3 2024.
CTV ad serving and personalization revenue increased by 12% year-over-year, with CTV impressions reaching a record high of 58%.
Adjusted EBITDA grew by 29% to $8 million, achieving a 22% adjusted EBITDA margin.
The company has expanded its partnership with Netflix, enhancing its visibility and increasing ad-serving capabilities.
Innovid Corp (CTV) is implementing AI and workflow automation, leading to improved operational efficiency and a 50% growth in impressions from clients using the platform without additional service layers.

Negative

Total revenue for the third quarter fell below expectations due to political ad spending crowding out traditional brand spending.
There was slower than anticipated growth in cross-selling additional products to clients, with measurement revenue growing only 1%.
Mobile impressions declined by 2%, and desktop video impressions grew only 5%, which muted overall growth.
The shift towards a software-only model, while improving margins, is expected to exert near-term revenue pressure.
The company has lowered its full-year revenue guidance due to persistent revenue headwinds, including political ad spending and muted cross-sell activity.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTV.N - Innovid Corp
Q3 2024 Innovid Corp Earnings Call
Nov 12, 2024 / 01:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Greetings, welcome to the end of the third quarter, 2024 earnings call. This time, all participants will be in listen-only mode.

A question and answer session will follow today's formal presentation.

If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded now. My pleasure to introduce Lauren Hartman with investor relations. Thank you. You may now begin.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you, operator. Before we begin, I'll remind you that today's call may contain forward

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.