| --- | --- | |---------------------------------------------|--------| | | | | CTV LISTED NYSE Q4 2023 Investor Supplement | INNOVD | | | | | February 27, 2024 | | We use Adjusted EBITDA and Adjusted EBITDA margin percent as measures of operational efficiency to understand and evaluate our core business operations. We believe that these non-GAAP financial measures are also useful to investors for period-to-period comparisons of our core business as well as comparisons to peers as similar measures are freque ...

NEW YORK--(BUSINESS WIRE)--Innovid (NYSE: CTV), an independent platform for the creation, delivery, measurement, and optimization of advertising across connected TV (CTV), linear TV, and digital, today announced the availability of publisher-level outcomes analysis for all DSP and SSP campaigns. The first-of-its-kind offering helps brands and agencies break down silos inherent in DSP and SSP reporting to understand, assess, and compare performance across all of their media buys through a granular and unbias ...

NEW YORK--(BUSINESS WIRE)--Innovid (NYSE: CTV), an independent platform for the creation, delivery, measurement, and optimization of advertising across connected TV (CTV), linear TV, and digital, today announced industry-wide availability of the latest self-service feature within its CTV Composer authoring tool. For the first time ever, brands and publishers can create interactive CTV experiences in-house, at scale, for live streaming events. With live events increasingly migrating to streaming, advertis ...

NEW YORK--(BUSINESS WIRE)--Innovid (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, connected TV, and digital, today announced that it will release fourth quarter and full year 2023 financial results before the market open on Tuesday, February 27, 2024. The Company will host a conference call to discuss its results at 8:30 a.m. ET that same day. Zvika Netter, Co-founder and Chief Executive Officer, and Anthony Callini, Chief ...

Financial Data and Key Metrics Changes - The company reported Q3 revenue growth of 5% year-over-year, totaling $36.2 million, with adjusted EBITDA more than doubling to $6.5 million compared to Q3 last year [37][45][48] - Adjusted EBITDA margin improved to 18%, up from 8% in Q3 last year and 13% in Q2 [48][36] - Positive free cash flow of $4.1 million was generated, an improvement of 78% from $2.3 million in Q3 2022 [20][37] Business Line Data and Key Metrics Changes - CTV revenue from ad serving and personalization grew 9% year-over-year, while measurement revenue increased by 8% [10][17] - Ad serving and personalization accounted for 77% of total revenue, with measurement making up 23% [17] - The company achieved a revenue less cost of revenue ratio of 77%, improving from 75% in Q3 last year [47] Market Data and Key Metrics Changes - CTV video impression volume grew by 7%, with 55% of all video impressions coming from CTV [46] - Mobile volume represented 35% of all video impressions, growing by 8%, while desktop volume decreased by 12% [46] - The company noted a significant shift in TV viewership, with linear TV viewership falling below 50% in the U.S. for the first time [10] Company Strategy and Development Direction - The company is focused on expanding margins and positioning for accelerated growth as the macro environment improves [8][9] - Innovid is investing in generative AI technologies to enhance its platform, allowing clients to create unique ads based on data feeds [12][40] - The company plans to showcase product innovations and strategies for 2024 at the upcoming Investor Day [42][99] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the ad demand environment, noting some positive trends while acknowledging ongoing uncertainties [78] - The company anticipates continued strong financial performance in Q4, raising its revenue and adjusted EBITDA guidance for the full year [36][21] - Management highlighted the importance of optimizing CTV ad investments and the potential for significant growth as the market normalizes [41][91] Other Important Information - The company ended Q3 with $47.7 million in cash and cash equivalents, with $20 million drawn on its revolving debt facility [20] - The new CFO, Anthony Callini, emphasized the company's scalable model and potential for healthy margins [43][91] Q&A Session Summary Question: Can you frame the opportunity for Instant Optimization and its expected influence on results? - Management discussed the integration of platforms to enhance campaign strategy and optimization, leveraging unique data sets [52][53] Question: What is the current brand advertiser sentiment and how does it vary across verticals? - Management noted that CPG and pharma are investing more aggressively, while financial services and technology companies are seeing decreases [62][64] Question: How should investors think about Innovid's margin profile going forward? - Management indicated a target of 30%+ adjusted EBITDA margins, emphasizing the scalability of the business model [68][91] Question: How does Innovid benefit from the trend of live sports streaming? - Management highlighted that live sports are a significant driver of viewership behavior and brand advertising, which is beneficial for the company [92][93]

Q3 2023 Financial Highlights1 2 | Disclaimers Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. The Company's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipat ...

General and administrative expenses increased by $0.7 million, or 8%, from $9.0 million in the three months ended September 30, 2022, to $9.8 million in the three months ended September 30, 2023, primarily mainly driven by an increase in stock-based compensation . General and administrative expenses decreased by $(2.1) million, or (7)%, from $30.5 million in the nine months ended September 30, 2022, to $28.3 million in the nine months ended September 30, 2023, primarily driven by a decrease in professional ...

Innovid Corp. (NYSE:CTV) Q2 2023 Results Conference Call August 8, 2023 8:30 AM ET Company Participants Brinlea Johnson - IR Zvika Netter - Co-Founder and CEO Tanya Andreev-Kaspin - CFO Conference Call Participants Jared Pomerantz - Susquehanna Matthew Condon - JMP Securities Shweta Khajuria - Evercore ISI Laura Martin - Needham Operator Good day, ladies and gentlemen, and welcome to the Innovid Second Quarter 2023 Earnings Call. Our host for today’s call is Brinlea Johnson, Investor Relations. [Operator In ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ____________________________ Innovid Corp. (Exact name of registrant as specified in its charter) ____________________________ (State or other jurisdiction of incorporation or organization) (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXC ...

Innovid Corp (NYSE:CTV) Q1 2023 Results Conference Call May 9, 2023 8:30 AM ET Company Participants John Williams - Head of Investor Relations Zvika Netter - Co-Founder, CEO Tanya Andreev-Kaspin - CFO Tal Chalozin - Founder, CTO Conference Call Participants Laura Martin - Needham & Company Matthew Dorrian - JMP Securities Jared Pomerantz - Susquehanna Financial Group Matthew Cost - Morgan Stanley Operator Greetings. Welcome to the Innovid Q1 2023 Earnings Conference Call. [Operator Instructions] Please note ...