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. reported a remarkable 45% year-over-year revenue growth in Q2 2022, achieving $33.1 million in revenue. CTV revenue contributed significantly, accounting for 50% of total video impressions served. The launch of InnovidXP, a cross-platform measurement solution, is expected to drive further growth. Despite a net profit of $4.3 million or $0.03 per share, adjusted EBITDA was negative at $(1.7) million. The company anticipates Q3 2022 revenue between $33 million to $35 million and full-year revenue in the range of $127 million to $132 million.
Innovid Corp. (NYSE: CTV) will release its second quarter 2022 financial results on August 10, 2022, prior to market opening. A conference call to discuss these results and the company’s outlook will follow at 8:00 a.m. ET. Key executives, including CEO Zvika Netter and CFO Tanya Andreev-Kaspin, will present. Innovid, a leader in connected TV advertising, leverages a robust platform for data-driven ad personalization and measurement, serving a global client base from its headquarters in New York City.
Innovid Corp. (NYSE: CTV) announced two investor events scheduled for July 12, 2022. At 10:00 a.m. E.T., Innovid will participate in a panel discussion on "Connected TV Market Demand and Supply Trends" at a virtual summit hosted by Evercore. Following this, at 11:00 a.m. E.T., the company will demonstrate InnovidXP's measurement solutions at the "Needham's Virtual AdTech and CTV Measurement" Conference. For more details, visit Innovid's events page.
Innovid Corp. (NYSE: CTV) announced a change in its board of directors on July 8, 2022. Mr. Steven Cakebread has resigned, and Mr. Brian Hughes has joined the Board, serving as Audit Committee Chair. Hughes brings extensive experience from KPMG and Arthur Andersen and aims to enhance Innovid's financial oversight. The company is well-positioned to benefit from the ongoing shift towards digital television.
Innovid Corp (NYSE: CTV) announced its participation in the MKM Virtual Ad-Tech Summit on June 10, 2022, at 12:30 p.m. ET. CEO Zvika Netter, CTO Tal Chalozin, and CFO Tanya Andreev-Kaspin will engage in a fireside chat hosted by Rohit Kulkarni. Innovid, an independent advertising platform, specializes in the delivery, personalization, and measurement of converged TV across various channels. The event will occur at Innovid’s New York headquarters, offering insights into the company’s innovative advertising solutions.
Innovid (NYSE: CTV) partners with AdImpact for cross-platform measurement in political CTV campaigns. As $1.5 billion in ad spend is projected for CTV during the 2022 midterms, this partnership aims to offer real-time insights into campaign effectiveness. The TVSquared platform will provide advertisers with crucial metrics like reach and incremental reach across various platforms. With changing voter viewing habits, CTV is becoming increasingly essential for political messaging, highlighting Innovid's role in the evolving advertising landscape.
Innovid Corp. (NYSE:CTV) has announced its participation in two upcoming investor conferences. CEO Zvika Netter will present at the Needham Technology & Media Conference on May 17, 2022, at 8:45 a.m. ET, in New York with a live webcast available. Additionally, Innovid will join the NYSE Healthcare & Technology Virtual Investor Day on June 8, 2022. Innovid specializes in advertising delivery and measurement across linear and connected TV, aiming to optimize ad investments for clients globally. For more details, visit the Innovid website.
Innovid (NYSE: CTV) released its 10th annual Global Benchmarks Report, highlighting the growing dominance of Connected TV (CTV) in the video advertising landscape. In 2021, CTV captured 46% of global video impressions, surpassing mobile's 39%. Notably, CTV grew at over double the pace of mobile and desktop. Key findings indicate that all industry verticals increased video contributions to CTV ads, with a significant rise in dynamic creative campaigns, leading to improved audience engagement. The report underscores the substantial untapped potential in CTV reach and frequency for advertisers.
Innovid Corp. (NYSE: CTV) announced strong financial results for Q1 2022, reporting a 44% year-over-year revenue growth to $25.9 million. Excluding the recently acquired TVSquared, revenue grew by 30% to $23.4 million. CTV revenue increased by 40%, now making up 47% of total revenue. Despite a net loss of $(7.4) million, Innovid's acquisition of TVSquared enhances its measurement capabilities in a growing market. The company projects Q2 revenue between $33 million and $35 million, indicating continued growth prospects.
Innovid Corp. (NYSE:CTV) will announce its first quarter 2022 financial results on May 6, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET the same day, featuring insights from management including CEO Zvika Netter and CFO Tanya Andreev-Kaspin. The call will cover financial results, recent developments, and future business outlook. Investors can access the call via the company’s Investor Relations webpage. An audio replay will be available until August 6, 2022.
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