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 (DMS) reported record financial results for Q4 and full year 2020, with revenues of $102.6 million in Q4, marking a 57.5% year-over-year increase.
For the year, total revenue reached $333.4 million, a 39.9% increase. The company projects strong growth for Q1 2021, expecting to meet or exceed consensus estimates of $95.3 million in revenue and $15.4 million in EBITDA.
Digital Media Solutions (NYSE: DMS) has appointed Vasundara Srenivas, CPA, as CFO, effective March 13. Srenivas brings over a decade of executive finance experience from Boeing, where she served in various senior roles, including CFO of Boeing Capital Corporation. This appointment is viewed as a key move to enhance DMS's finance team and support its growth strategy, including potential acquisitions. Current CFO Randy Koubek will leave the company after leading it through its IPO process. DMS will release its fiscal 2020 earnings on February 26, 2021.
Digital Media Solutions (NYSE: DMS) has acquired Aimtell/PushPros, enhancing its digital advertising solutions with mobile and web push notification technology. This acquisition is projected to contribute an additional $25-30 million in revenue for FY 2021, bolstering DMS's growth by improving consumer engagement and advertising conversion rates. The Aimtell technology will enable highly targeted messaging through advanced machine learning, providing DMS clients with more effective advertising strategies. CEO Joe Marinucci emphasized that this integration will expand media reach and improve consumer connection.
Digital Media Solutions, Inc. (NYSE: DMS) will announce its fourth quarter and full-year fiscal 2020 results on February 26, 2021, before U.S. market opening. A conference call is scheduled for 8:30 a.m. (ET) to discuss these results, with dial-in options provided for both U.S. and international participants. A live webcast will be available on their investor relations page, and a replay can be accessed from February 26 through March 5, 2021. DMS focuses on digital performance advertising, leveraging its proprietary technology and first-party data for effective client solutions.
Digital Media Solutions (NYSE: DMS) has been recognized as the top performer in the mThink 2021 Best CPA Networks for Advertisers and Merchants. This accolade is based on evaluations from a global community of advertisers and affiliates. DMS aims to enhance advertiser outcomes by creating exclusive CPA campaigns that benefit both clients and affiliates. The company’s first-party data and proprietary technology facilitate connections between consumers and brands across various sectors, including insurance and e-commerce.
Digital Media Solutions (NYSE: DMS) has appointed Thomas Bock as executive vice president of corporate strategy and investor relations. Bock will oversee the M&A pipeline and enhance investor relations. Previously senior banker at Regions Financial, Bock brings significant experience in advising on mergers, acquisitions, and corporate advisory. This appointment reflects DMS's commitment to strengthening its public market presence. Notably, the company has successfully completed 12 acquisitions since becoming public in July 2020, highlighting its robust M&A track record.
Digital Media Solutions (NYSE: DMS) has appointed Tony Saldana as its new general counsel and executive vice president of compliance. Saldana joins from Skadden, Arps, Slate, Meagher & Flom LLP with extensive experience in mergers, acquisitions, and corporate governance. His expertise is expected to enhance DMS's ability to meet shareholder demands and drive growth through M&A initiatives. DMS, which became public in July 2020 via a SPAC IPO, has successfully integrated 12 acquisitions in six years. Saldana's leadership aims to strengthen compliance policies across the organization.
Digital Media Solutions (NYSE: DMS) is leveraging its expertise in digital performance advertising to analyze trends in the auto insurance sector. Recent data shows that women account for 57.9% of insurance inquiries, with seniors experiencing a 130% increase in online inquiries. The share of non-homeowners seeking auto insurance has grown from 54.4% to 63.3%. Additionally, liability-only coverage inquiries rose from 17.9% to 27.5%. DMS predicts that by 2024, 72% of auto insurance advertising spend will be digital.
Digital Media Solutions, Inc. (DMS) reported strong financial results for Q3 2020, with revenue reaching $82.8 million, marking a 10% quarter-over-quarter increase and a 44% year-over-year growth. Adjusted revenue totaled $85.1 million, up 11% quarter-over-quarter. The company highlighted significant growth in its insurance vertical, aiming for continued momentum into Q4, driven by the digital advertising shift and holiday season. Despite a net loss of $2.2 million, the company anticipates a full-year revenue guidance of $328 million to $333 million.
Digital Media Solutions, Inc. (NYSE: DMS) will announce its third quarter fiscal 2020 results on November 10, 2020, after the U.S. market closes. A conference call to discuss the results is scheduled for 4:30 p.m. ET on the same day. Investors can join the call through U.S. toll-free and international dial-in numbers. A live webcast will be accessible on the investor relations page of DMS's website, with a replay available until November 17, 2020.
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