Innovid Corp. (CTV) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indiv ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Plumas Bancorp (PLBC) : This bank holding company for the Plumas Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.Pitney Bowes Inc. (PBI) : This shipping and mailing company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.Innovid Corp. (CTV) : This independent software platform provider has seen the Zacks Consensus Est ...

Beyond targeting, audience data is key to gaining insight that demystifies relevance for individual consumers Optimized ads drive 78% lift in search intent and 65% lift in purchase intent NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) --  MAGNA, the media intelligence and investment unit within IPG Mediabrands, and Nexxen, a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced the release of a proprietary report – The Intersection of Audience Data + Creativ ...

PHILADELPHIA, Nov. 23, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Innovid Corp. (NYSE: CTV) (“Innovid”) on behalf of the company’s investors. Additional information: https://kaskelalaw.com/case/innovid-corp/ On November 21, 2024, Innovid announced that it would be acquired by Mediaocean at a price of $3.15 per share. Following the closing of the proposed transaction, Innovid investors will be cashed out of their investment position and the company’s shares will no longer be ...

NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Innovid Corp. (NYSE: CTV), relating to the proposed merger with Mediaocean LLC. Under the terms of the agreement, Mediaocean will acquire Innovid at a price of $3.15 per share of common stock ...

Innovid Corp. (NYSE:CTV) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Lauren Hartman - Investor Relations Zvika Netter - Co-Founder and Chief Executive Officer Anthony Callini - Chief Financial Officer Conference Call Participants Matthew Condon - Citizens JMP Matthew Cost - Morgan Stanley Laura Martin - Needham & Company Aaron Samuels - Susquehanna International Group, LLP Operator Greetings, and welcome to the Innovid Third Quarter 2024 Earnings Call. At this time, al ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________________________________________________ ________________________________F_________O___________R__________M_________________ 1 _______ 0 _______ - _____Q__________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended Septe ...

Exhibit 99.1 Innovid Reports Q3 2024 Financial Results ● Q3 2024 revenue increased 6% year-over-year to $38.3 million ● Q3 2024 net income improved year-over-year to $4.7 million and Adjusted EBITDA* increased 29% year-over-year to $8.4 million ● Adjusted EBITDA margin* increased to 22%, the ninth consecutive quarter of expansion ● Company announces board approval to implement stock repurchase program NEW YORK, November 12, 2024 -- Innovid Corp. (NYSE:CTV) (the "Company"), an independent software platform f ...

Innovid (NYSE: CTV ) is well-positioned to benefit from the rapidly growing connected TV (CTV) advertising market. The ongoing shift of content, including live sports, from linear TV to CTV serves as a tailwind for the company, as its revenue growth An individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad r ...

Financial Data and Key Metrics Changes - Revenue grew 10% year-over-year in Q2 2024 to $38 million, with adjusted EBITDA increasing 29% to $5.9 million [5][14] - Adjusted EBITDA margin improved to 15.5%, up from 13% in the prior year [5][20] - CTV impressions, a key growth driver, increased by 21% over last year [5][15] Business Line Data and Key Metrics Changes - Ad serving and personalization revenue rose 11%, while measurement revenue grew 6% [14] - Ad serving and personalization accounted for 78% of total revenue, with measurement making up 22% [14] - CTV revenue from ad serving and personalization grew 21% year-over-year [14][15] Market Data and Key Metrics Changes - CTV impressions represented 54% of total video impressions, up from 51% in the previous year [15] - Mobile video volume grew by 13%, while desktop volume decreased by 9% [16] - Total video impressions served grew 14% overall compared to Q2 2023 [16] Company Strategy and Development Direction - The company launched the Harmony initiative to address challenges in CTV advertising and improve efficiency [6][10] - New products like Harmony Direct and Harmony Frequency aim to optimize ad delivery and frequency management [8][9] - Strategic collaborations, including a partnership with Nielsen, are expected to enhance measurement capabilities and drive growth [11][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term targets of 20%+ annual revenue growth and 30%+ adjusted EBITDA margin despite macroeconomic uncertainties [22][24] - The company anticipates continued growth in CTV, driven by increasing ad spending and new inventory [36] - Management highlighted the importance of live sports as a significant driver of CTV impressions [36] Other Important Information - The company reported a net loss of $10.5 million, an improvement from a net loss of $19 million in Q2 2023 [19] - Free cash flow usage improved by 38% compared to the previous year [21] - The company ended Q2 with $30.6 million in cash and cash equivalents, a 31% increase from the previous year [21] Q&A Session Summary Question: What are the common threads among new customer wins? - Management noted that new customers often switch from competitors like Google to Innovid for advanced ad serving capabilities, with a focus on CTV [25][31] Question: What drives the sequential revenue growth guidance for Q3 and Q4? - Management highlighted volume increases, cross-selling, and upselling as key drivers for anticipated growth [26][27] Question: How has new CTV inventory impacted the ecosystem? - Management indicated that the inventory of CTV is growing significantly, driven by increased content consumption and live sports [35][36] Question: What are the vertical trends observed in Q2? - Strong performance was noted in CPG and pharma, while retail showed weakness [38] Question: What is the goal of the collaboration with Nielsen? - The partnership aims to create a streamlined workflow for measurement, enhancing value for mutual customers [40][41] Question: What are the expected investments going forward? - Management indicated that investments will continue to focus on innovation without significant increases in R&D spending [44][45] Question: Does Innovid serve ads into Amazon Prime Video? - Management confirmed that Innovid serves ads on Amazon and is also a customer for measurement products [46][48]