Welcome to our dedicated page for Digital Media Solutions news (Ticker: DMS), a resource for investors and traders seeking the latest updates and insights on Digital Media Solutions stock.
Digital Media Solutions, Inc. (DMS) is a prominent player in the digital advertising industry, leveraging data-driven and technology-enabled solutions. Headquartered in Clearwater, Florida, DMS connects consumers with advertisers in various sectors, including auto, home, health, and life insurance. The company's core offerings include a first-party data asset, proprietary advertising technology, and extensive media distribution, enabling clients to optimize their advertising budgets while expanding their customer bases.
Recently, DMS announced a reverse stock split at a 1-for-15 ratio, effective after market close on August 28, 2023. This strategic move aims to enhance the market price per share of DMS's Class A common stock, ensuring compliance with NYSE listing standards. The company expects this action to improve trading price, liquidity, and market perception, maintaining its NYSE listing.
In addition to the stock split, DMS has secured unanimous support from its bank lender group to amend its Credit Agreement, offering increased business flexibility amid challenges in the insurance industry. This amendment includes covenant relief and an optional ability to pay in kind for the next four quarters, underscoring the lender group's confidence in DMS's strategic direction.
DMS's financial performance has been bolstered by its ability to adapt to market dynamics and its commitment to technology and data privacy. The company continually seeks to safeguard its data assets, ensuring compliance with evolving data privacy regulations. DMS's robust technology infrastructure supports its innovative advertising solutions, which have earned the trust of numerous clients and partners.
Furthermore, DMS remains proactive in identifying growth opportunities, including acquisitions like ClickDealer, which enhance its service offerings and international presence. Despite market volatility and other challenges, DMS's strategic initiatives position it for sustained growth and industry leadership.
For the latest updates and detailed information, visit the official DMS website.
Digital Media Solutions, Inc. (NYSE: DMS) will present at the Canaccord Genuity 42nd Annual Growth Conference in Boston, Massachusetts, on August 11 at 10:00 am ET. Investor meetings will take place on August 10 and 11. A high-definition video webcast of the presentation will be available on the company's investor website the following day. DMS specializes in technology-enabled digital performance advertising solutions across various consumer sectors, leveraging first-party data and proprietary media distribution to optimize advertising spend.
Digital Media Solutions, Inc. (NYSE: DMS) appoints Richard Rodick as Chief Financial Officer, effective July 1, 2022. Current CFO Vasundara Srenivas will assist in the transition until August 19, 2022. Rodick brings nearly two decades of experience, having held CFO roles in notable firms like Telus International and Broadridge Financial Solutions. DMS CEO Joe Marinucci expressed confidence in Rodick’s leadership, stating his background aligns well with the company's growth ambitions. Srenivas reflected positively on her tenure and the progress made during her time as CFO.
Digital Media Solutions (NYSE: DMS) has appointed Billy Hubbard as Senior Vice President of Strategic Accounts, enhancing its leadership in the insurance sector. Hubbard, known for his expertise in digital marketing and strategic partnerships, aims to drive innovation and growth within DMS's insurance division. CEO Joe Marinucci praised Hubbard's industry experience and commitment to scaling success for insurance agents. This strategic hire is expected to bolster DMS's capabilities in connecting insurance providers with customers, further propelling their growth trajectory.
Digital Media Solutions (DMS) reported first-quarter revenue of $109 million, a 13% increase year-over-year, marking a record for the company. The net loss was $5 million, while adjusted EBITDA stood at $10.5 million. Despite inflation and market volatility, DMS expects Q2 2022 revenue between $97-100 million and full-year guidance revised to $440-450 million. The acquisition of Traverse Data is aimed at enhancing DMS's technology and data capabilities. Overall, the company shows diverse revenue growth, particularly in insurance and consumer finance.
Digital Media Solutions (NYSE: DMS) has announced the acquisition of Traverse Data, a company that enhances customer acquisition for advertisers and revenue for publishers. This strategic move aims to scale DMS's data asset and advance its technology roadmap. DMS's audience insights and consumer intent capabilities will improve advertising effectiveness and deliver relevant messaging. The DMS data asset includes 240 million opted-in U.S. adults, generating over one billion intent signals each month. Financial details of the acquisition were not disclosed.
Digital Media Solutions (NYSE: DMS) will release its first-quarter results on May 10, 2022, after the U.S. stock market closes. A conference call to discuss the results is scheduled for the same day at 5:00 p.m. Eastern Time. Investors can join the call via toll-free and international dial-in numbers provided. A live webcast will be accessible on the company's investor relations page. Following the call, a replay will be available until May 17, 2022. The company specializes in technology-enabled digital performance advertising solutions across multiple consumer sectors.
Digital Media Solutions (NYSE: DMS) will present at the Noble Capital Markets' Eighteenth Annual Investor Conference on April 21 at 12 PM ET at the Hard Rock Hotel & Casino in Hollywood, Florida. Management will also hold investor meetings on April 20 and 21. Following the presentation, a high-definition video webcast will be available on the company's investor website. Digital Media Solutions specializes in technology-driven digital performance advertising, connecting consumers and advertisers in various sectors, including auto, home, health, and life insurance.
Digital Media Solutions, Inc. (NYSE: DMS) announced that CMO Kathy Bryan and VP of Media Strategy Gaby Henriquez will address the importance of a diverse workforce at LeadsCon Las Vegas 2022. The session, titled Tapping Into Empathy To Drive LTV, aims to demonstrate how diversity can enhance marketing ROI and improve customer engagement. Bryan emphasizes understanding consumer needs through diverse teams to increase lifetime value and reduce unsubscribe rates. The conference will gather industry leaders, providing networking opportunities and insights into performance marketing strategies.
Digital Media Solutions reported record fourth quarter revenue of $119 million, a 17% increase year-over-year. For full year 2021, revenue reached $428 million, up 29%. Adjusted revenue in Q4 was $122 million, with full year adjusted revenue at $442 million.
Net income for Q4 was $(4) million, while adjusted EBITDA stood at $15 million. The company announced Q1 2022 revenue guidance of $102-$107 million and full year guidance of $465-$475 million.
Digital Media Solutions (NYSE: DMS) will release its fourth quarter and full-year fiscal 2021 results after U.S. market close on March 14, 2022. A conference call discussing the results is scheduled for 5:00 p.m. Eastern Time on the same day. The company specializes in technology-enabled digital performance advertising solutions, connecting consumers and advertisers across various sectors, including insurance. Investors can access the live call via a toll-free number or through the company's investor relations webpage.
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