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 (NYSE: DMS) has been recognized as the top provider in the mThink “Top CPA Networks for Advertisers & Merchants List” for the second consecutive year. This accolade is a result of extensive evaluations by industry experts and showcases DMS's leadership in brand-direct advertising solutions. The company connects advertisers and publishers effectively, leveraging advanced technology and expert support. Additionally, DMS secured prominent positions on mThink’s “Top 20 CPA Networks List” and “Best Pay-Per-Call Networks List” for 2022.
Digital Media Solutions (NYSE: DMS) has appointed Jessica Rogers as Vice President of Diversity, Equity, and Inclusion (DE&I) to enhance its commitment to fostering an inclusive workplace. Rogers will spearhead initiatives aimed at embedding DE&I into the company culture, focusing on employee engagement, talent development, and psychological safety. DMS aims to promote a diverse workforce that positively impacts client and community relationships. Rogers, an experienced advocate for DE&I, previously held key positions within DMS that contributed to significant organizational improvements.
Digital Media Solutions (NYSE: DMS) has ranked No. 2 on mThink's Top 20 CPA Networks List for the ninth consecutive year, highlighting its performance marketing excellence. Additionally, it secured the fifth position on the Best Pay-Per-Call Networks list. DMS is recognized for its innovative brand-direct advertising solutions and extensive customer acquisition capabilities. The company leverages first-party data and proprietary technology to optimize advertising effectiveness. This recognition reaffirms DMS's commitment to client success and industry leadership.
Digital Media Solutions (NYSE: DMS) announced key industry leaders will speak at the Lead Generation World conference, sharing strategies and insights on digital performance advertising.
Digital Media Solutions (DMS) reported a record third-quarter revenue of $107.4 million, marking a 30% increase compared to the previous year. Adjusted revenue reached $111.8 million, with net income at $5.4 million. The company maintained its 2021 guidance for revenues, EBITDA, and margins. Despite growth, gross profit margin declined to 29%, down from 32% in Q2. DMS anticipates Q4 revenue between $112-$122 million and full-year revenue of $421-$431 million.
Digital Media Solutions (NYSE: DMS) announces that CMO Kathy Bryan received the prestigious Tim Burke Pioneer Award during the LeadsCon Las Vegas Conference on October 21. This award honors individuals making significant contributions in performance marketing. Over her nearly 25-year career, Bryan has been recognized for her dedication to uplifting women in the industry, exemplified by her founding of Women of Martech, which supports over 1,000 members worldwide. CEO Joe Marinucci commended Bryan for her relentless impact on the team and industry.
Digital Media Solutions (DMS) expects third-quarter 2021 GAAP revenue of
Digital Media Solutions, Inc. (NYSE: DMS) announced CEO Joe Marinucci will speak at the Reuters Strategic Marketing 2021 event on
Marinucci's exclusive fireside chat, titled “Consumer-Driven Journeys: How Real-Time Data Is The Key To Understanding & Engaging Your Audience,” will emphasize the role of real-time data in advertising effectiveness.
With over 5,000 attendees and 30 C-Suite speakers, the event aims to provide valuable insights into marketing strategies and consumer engagement.
Digital Media Solutions, Inc. (NYSE: DMS) has launched the Protect Health Insurance Agency, a new initiative aimed at tapping into the $130 billion Medicare insurance market. This strategic move is expected to generate revenue in Q4 2021, with significant growth anticipated in 2022. The agency will leverage DMS's proprietary technology and first-party data to enhance the consumer experience in health insurance purchases. DMS remains committed to expanding within the insurance sector, utilizing its resources to meet evolving consumer and advertiser demands.
Digital Media Solutions (NYSE: DMS) has announced the expansion of its ZipQuote IGNITE program, designed to assist auto and home insurance agents in scaling their businesses effectively. As of July 31, 2021, ZipQuote supports over 3,000 agents and aims to enhance agent experience through flexible pricing, dedicated client support, and ROI-based campaign optimizations. The program emphasizes support for agents without competing directly in the insurance market, connecting nearly 8 million consumers with providers since 2008. DMS continues to leverage its technology to optimize customer acquisition processes.
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