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 Corp. (NYSE: CTV) announced a robust fourth quarter, reporting revenue of $33.7 million, a 30% increase year-over-year. The Q4 net loss improved to $(3.4) million, and adjusted EBITDA reached $3.0 million, yielding a 9% margin. For FY 2022, revenue totaled $127.1 million, up 41% from 2021, with a net loss of $(18.4) million, worsening from $(11.5) million in 2021. CTV revenue surged 24% year-over-year, representing 48% of total revenue. Looking ahead, Q1 2023 revenue guidance is $27-$29 million, with adjusted EBITDA expected to be negative.
Innovid Corp. (NYSE: CTV) has promoted Ken Markus to Chief Operating Officer (COO) as of February 7, 2023. His role will focus on enhancing cross-functional operations to strengthen Innovid's market position in the converged TV ecosystem. Markus, with 8 years of experience at Innovid, previously served as Chief Client Officer, where he significantly grew client services. He will collaborate with the newly appointed Chief Commercial Officer, David Helmreich, to align operational and commercial strategies. Innovid is an independent advertising platform specializing in TV advertising, operating globally across multiple digital channels.
Innovid Corp. (NYSE:CTV) and Ascendant Network have released a study that focuses on the evolving advertising strategies to engage audiences across linear, CTV, and digital platforms. The report surveyed senior marketers and revealed that 80% of respondents are now buying converged TV through a centralized team. Key findings show that goals for converged TV include audience targeting, reach, and measurable outcomes. However, while there is a growing alignment in key performance indicators (KPIs), challenges remain in achieving a unified view of converged TV performance. The shift towards converged TV is reshaping how advertisers approach video buying, measurement, and creative strategies.
Innovid Corp. (NYSE: CTV) will announce its Q4 and full year 2022 financial results before the market opens on February 24, 2023. The company, specializing in connected TV (CTV) advertising delivery, personalization, and measurement, will host a conference call at 8:30 a.m. ET on the same day to discuss these results. The call will feature Co-founder and CEO Zvika Netter and CFO Tanya Andreev-Kaspin. Investors can access the call via webcast. Innovid continues to serve a global client base across various regions, enhancing advertising efficiency through proprietary technology and partnerships.
Innovid Corp. (NYSE: CTV) announced its participation in upcoming investor conferences, including the Citi 2023 Communications, Media & Entertainment Conference and the 25th Annual Needham Growth Conference. The presentation at the Citi conference will focus on the AVOD industry and include one-on-one meetings. It will take place on January 4, 2023, at 8:45 a.m. MT in Scottsdale, AZ. The Needham Conference will occur on January 11, 2023, at 10:15 a.m. ET in New York, NY. Live webcasts will be available on Innovid's events page.
Innovid (NYSE: CTV) announced the appointment of David Helmreich as Chief Commercial Officer. With over 20 years in the marketing and advertising technology industry, Helmreich will oversee Innovid's revenue functions, including sales and marketing. This strategic move aims to enhance revenue growth and drive new commercial opportunities as Innovid expands its platform in the converged TV advertising landscape. Helmreich's experience includes roles at Stackline and Oracle Marketing Cloud, and he is set to report to CEO Zvika Netter.
Innovid (NYSE: CTV) has partnered with Kinetiq to enhance its InnovidXP measurement platform, integrating second-by-second linear ad-occurrence data. This integration provides comprehensive advertising insights across over 1,400 channels in more than 85 countries. InnovidXP now combines this new dataset with its existing CTV data, aiming to offer advertisers seamless cross-platform analysis. The collaboration aims to streamline advertising effectiveness and improve audience measurement across linear and CTV formats.
Innovid Corp. (NYSE:CTV) reported a 47% year-over-year revenue increase to $34.5 million for Q3 2022. CTV drove 50% of revenue, reaching a historic high. Despite this growth, the company experienced a net loss of $11.8 million and recorded an Adjusted EBITDA of $2.9 million, reflecting an 8% margin. The firm anticipates Q4 2022 revenue between $34 million and $36 million, indicating a 31% to 39% increase year-over-year. An Investor Day is scheduled for November 16, 2022, to discuss business performance and future outlook.
Innovid Corp. (NYSE: CTV) announced new features for optimizing advertising across linear, Connected TV, and digital platforms. These advancements enhance real-time adjustments to creative content while providing advertisers with deeper insights. Key capabilities include statistical significance tracking, multivariate testing, and optimizing for both short and long-term successes. This technology empowers marketers to enhance performance through data-driven decisions, ensuring efficient ad spend and improved campaign outcomes.
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