Q3 2024 Fluent Inc Earnings Call Transcript

Nov 14, 2024 / 09:30 PM GMT

Release Date Price: €2.64

Transcript 8-K10-Q8-K

Key Points

Positve

Fluent Inc (FLNT) reported a 9.9% increase in revenue compared to Q2 2024, reaching $64.5 million.
The company's Commerce Media Solutions segment demonstrated triple-digit year-over-year revenue growth, now accounting for 16% of total revenue.
Fluent Inc (FLNT) added 15 new partners in Q3 2024, contributing to the growth of its Commerce Media Solutions.
The Commerce Media Solutions segment achieved higher gross margins of 33% compared to the consolidated gross margin of 24%.
The company anticipates continued strong quarter-over-quarter revenue growth in Q4 2024 and into 2025, driven by its strategic shift towards Commerce Media Solutions.

Negative

Fluent Inc (FLNT) experienced a 2.6% decline in revenue compared to the prior year.
The owned and operated marketplace revenue was negatively impacted by increased media costs due to the US Presidential election, affecting margins.
The company reported a net loss of $7.9 million in Q3 2024, although this was an improvement from the previous year's loss.
Interest expenses increased to $1.3 million due to higher average interest rates on the company's term loan.
The owned and operated marketplace segment is expected to continue facing year-over-year declines into Q4 2024.

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

FLNT.OQ - Fluent Inc
Q3 2024 Fluent Inc Earnings Call
Nov 14, 2024 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome. Thank you for joining us to discuss Fluence's third quarter, 2024 earnings results with me today are Fluence's Chief Executive Officer Don Patrick, Chief Financial Officer Ryan. Perfect and Chief Strategy Officer Ryan Schulke.

Our call today will begin with comments from Don and Ryan. Perfect, followed by a question and answer session.

I would like to remind you that this call is being webcast live and recorded. A replay of the event will be available following the call on fluent's website to access the webcast. Please visit the investor relations page at www dot fluentco dotcom.

Before we begin, I would like to advise listeners that certain information discussed by management during this

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