Welcome to our dedicated page for Innovid news (Ticker: CTV), a resource for investors and traders seeking the latest updates and insights on Innovid stock.
Innovid Corp. (NYSE: CTV) is a leading software platform specializing in the creation, delivery, measurement, and optimization of TV advertisements across connected TV (CTV), mobile TV, and desktop TV environments. Innovid provides comprehensive ad serving and creative services to advertisers, publishers, and media agencies, facilitating seamless and impactful advertising experiences.
Headquartered in New York City and operating globally with offices in the U.S., Canada, EMEA, APAC, and LATAM, Innovid derives the majority of its revenue from the United States. The company’s innovative platform enables cross-platform ad serving, data-driven creative, and precise measurement, empowering clients to optimize their advertising investments across different channels, platforms, screens, and devices.
Innovid is recognized for its independent and technologically advanced platform, leading the market in converged TV innovation. Key partnerships and proprietary technology allow Innovid to reimagine TV advertising, offering always-on intelligence and a competitive edge in the rapidly evolving digital advertising landscape.
In the recent financial results for the fourth fiscal quarter and the full year ended December 31, 2023, Innovid reported exceeding its revenue and adjusted EBITDA guidance, showing sequential improvement each quarter, and generating positive free cash flow for the year. Co-Founder and CEO Zvika Netter highlighted the company’s strong business momentum and dedication to driving accelerated and profitable growth as CTV ad-supported platforms gain traction and live sports rights shift to streaming.
Looking ahead, Innovid anticipates continued revenue growth and margin expansion in 2024, supported by a robust market opportunity and a focus on operational efficiency. The company's financial guidance for Q1 and the full year of 2024 reflects this optimistic outlook.
Recent Business Highlights
- Strong sequential improvement in revenue and adjusted EBITDA for 2023.
- Generated positive free cash flow for the full year of 2023.
- Enhanced position in the market with the increasing momentum of CTV ad-supported platforms.
Innovid prepares its financial statements in accordance with U.S. GAAP and also provides non-GAAP financial measures such as adjusted EBITDA and free cash flow to offer a more comprehensive understanding of its core business operations. These measures are widely used by investors and analysts for period-to-period comparisons and industry benchmarks.
For more details and the latest updates, visit the Innovid Investor Relations website or contact the company's investor and media relations representatives.
Innovid (NYSE:CTV) has announced that Goodway Group and Vizio have joined its Harmony initiative to optimize connected TV (CTV) advertising.
Launched in April, Harmony aims to improve efficiency, transparency, and control in CTV advertising while reducing carbon emissions. The initiative's Harmony Direct platform eliminates inefficiencies by removing extra technology steps and fees.
Early partners, including Assembly, CMI Media Group, PMG, and Roku, reported an 8% increase in working media for agencies and a 15% yield improvement for publishers. This could translate to over $1 billion in savings in the U.S. CTV market by 2024.
Innovid's CEO, Zvika Netter, emphasized the importance of collaborative efforts to navigate the growing complexities in the CTV ecosystem.
Innovid (NYSE:CTV), a leading software platform for advertising across connected TV (CTV), linear TV, and digital, announced its inclusion in the Russell 3000® Index. This will take effect on July 1, 2024, following the annual reconstitution of Russell US Indexes. The Russell 3000® Index encompasses the largest 4,000 US stocks by market capitalization, offering broad market exposure. Membership in this index ensures automatic inclusion in either the Russell 1000 Index or the Russell 2000 Index, as well as relevant growth and value style indexes. FTSE Russell, the global index provider, benchmarks approximately $10.5 trillion in assets against the Russell US indexes. CEO Zvika Netter believes that joining the Russell 3000® will attract a broader set of institutional investors, enhancing shareholder value.
Innovid Corp. (NYSE:CTV) reported Q1 2024 financial results, exceeding revenue and Adjusted EBITDA guidance. Q1 revenue grew to $36.7 million, up 21% YoY, with a net loss of $6.2 million and Adjusted EBITDA of $4.4 million. The company raised full-year 2024 guidance, anticipating continued revenue growth and margin expansion.
Innovid Corp (NYSE: CTV) announced its participation in upcoming investor conferences including Oppenheimer 9th Annual Emerging Growth Conference, 19th Annual Needham Technology, Media, & Consumer Conference, and 25th Annual Israeli Conference. The company will discuss its software platform for advertising across connected TV, linear TV, and digital.
Innovid (NYSE:CTV) has joined Ad Net Zero to focus on sustainability in the advertising industry, committing to reducing its carbon footprint and implementing a 5-Point Action Plan to manage emissions. The company's Harmony initiative aims to optimize CTV advertising infrastructure and promote sustainability.
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