TORONTO and NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM, OTCQB:ILLMF) (“illumin” or “Company”), a leader in digital advertising technology that empowers marketers to make smarter decisions about communicating with online consumers, announces that it will report its fourth quarter and year-end 2025 financial results before market open on Friday, March 13, 2026. Investors and analysts are invited to join a live webcast on Friday, March 13, 2026, at 8:30 AM ET, where CEO Simon C ...

TORONTO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM) (OTCQB:ILLMF) (“illumin” or the “Company”) today announced changes to its board of directors (the “Board”) and the composition of its audit committee (“Audit Committee”) and corporate compensation and governance committee (“CCGC”). The Board has received and accepted the resignations of directors Roger Dent, Michele Tobin, and Yishay Waxman, effective February 1, 2026. “Roger, Michele and Yishay have been instrumental to our growth, ...

TORONTO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM) (OTCQB:ILLMF) (“illumin” or the “Company”) today announced changes to its board of directors (the “Board”) and the composition of its audit committee (“Audit Committee”) and corporate compensation and governance committee (“CCGC”). The Board has received and accepted the resignations of directors Roger Dent, Michele Tobin, and Yishay Waxman, effective February 1, 2026. “Roger, Michele and Yishay have been instrumental to our growth, ...

Core Insights - illumin Holdings Inc. has announced a significant upgrade to its advertising platform, which aims to provide clear proof of programmatic performance by directly linking advertising activities to meaningful business outcomes while budgets are active [1][7]. Performance Metrics - The upgraded platform extends audience reach by up to 50%, improves Connected TV performance by 40%, and reduces retargeting costs by 25%, leading to a stronger return on ad spend [2]. Market Challenges - Historically, marketers have struggled to correlate advertising dollars with business outcomes due to fragmentation, delayed insights, and disconnected measurement, making it difficult to prove effectiveness at scale [3]. Platform Features - The new platform integrates execution, supply, Identity Graph, and measurement into a single system designed for in-market learning, eliminating the need for post-campaign explanations [3][5]. - Enhancements such as Canvas, AI-powered Insights, and Impact work together to provide speed, scale, and control, embedding performance visibility directly into the workflow [5][6]. Strategic Focus - The CEO of illumin emphasizes the urgency for marketers to see real-time results and act immediately, rather than waiting until after campaigns end [4]. - The platform is designed to support nimble decision-making, allowing teams to pivot and optimize spending in real-time, thus enhancing operational efficiency [6]. Future Outlook - The evolution of the platform aims to simplify programmatic advertising by providing clarity at the moment decisions are made, empowering marketers to achieve measurable business impact [7]. - Continued enhancements to the platform are planned throughout 2026 [7]. Company Overview - illumin is a strategic advertising platform headquartered in Toronto, Canada, serving clients across North America, Latin America, and Europe, focused on helping marketers maximize campaign effectiveness [8].

Core Viewpoint - illumin Holdings Inc. announces the immediate departure of Chief Financial Officer Elliot Muchnik to pursue other opportunities, with plans to search for a permanent replacement in the coming months [1][2]. Management Changes - Simon Cairns, the Chief Executive Officer, expressed gratitude for Muchnik's contributions and emphasized the finance team's focus on execution and continuity during this transition [2]. - Michael Amaro has been appointed as the Interim Chief Financial Officer. He is a CPA with over 25 years of experience in tech and media, including over three years at illumin as Vice President of Finance [3]. Company Overview - illumin is transforming the digital advertising landscape by enabling marketers to achieve significant results through a customer-centric approach. The company offers a unified platform that integrates various marketing channels, including programmatic, email, and social media [4]. - Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe [4].

Core Insights - illumin Holdings Inc. reported a revenue of $38.2 million for Q3 2025, reflecting a 5% year-over-year increase, driven by a significant growth in Exchange service revenue, which more than doubled [1][5] - The company is transitioning to an outcomes-based platform approach, appointing a new Chief Revenue Officer to support this strategic shift [1][3] Financial Performance - Exchange service revenue increased to $20.5 million, showing a year-over-year growth of 103%, while Self service revenue was stable at $8.3 million, with a 15% increase for the quarter when adjusted for a client exit [5][8] - Managed service revenue decreased to $9.4 million due to broader market uncertainty affecting customer marketing spend [5][8] - Gross margin decreased to 38% from 47% in the previous year, attributed to a higher proportion of revenue from lower-margin service lines [5][8] - Net loss for the quarter was $2.1 million, compared to a loss of $1.1 million in Q3 2024, primarily due to lower Adjusted EBITDA and increased expenses [5][8] Strategic Initiatives - The company is focusing on scaling its Exchange and Self service offerings through innovation and sales execution, while also investing in product development to differentiate in a competitive market [7][8] - A new generative AI-powered Self service edition is expected to enhance customer adoption and spending, creating new opportunities for platform leverage [6][7] - Cost containment measures are being implemented to streamline operations and improve profitability as the company prepares for 2026 [6][8] Market Trends - The digital advertising market is shifting away from traditional demand-side platforms, with increasing demand for integrated outcomes-based solutions [4][6] - illumin is attracting new customers to its Exchange service as publishers seek alternatives to older supply-side platforms [4][6]

Core Insights - illumin Holdings Inc. will report its third quarter 2025 financial results on November 7, 2025, before market open [1] - A live webcast will be held on the same day at 8:30 AM ET, featuring CEO Simon Cairns and CFO Elliot Muchnik discussing the results [2] Company Overview - illumin is a leader in digital advertising technology, focusing on empowering marketers to make informed decisions in online consumer communication [1] - The company offers a unified platform that integrates various marketing channels, including programmatic advertising, email, and social media, to enhance campaign execution [4] - Headquartered in Toronto, illumin serves clients across North America, Latin America, and Europe [4]

Core Insights - illumin Holdings Inc. has appointed Brian Garrigan as Chief Revenue Officer (CRO) to enhance its sales and client success strategies [1][3] - Garrigan has over a decade of experience in adtech, previously serving as SVP of Sales at Simpli.fi, where he contributed to the company's growth and innovation in programmatic media [2][4] - The company aims to expand its market presence across North America, Latin America, and Europe under Garrigan's leadership, focusing on strengthening client relationships and revenue performance [3][4] Company Overview - illumin is an advertising technology company that aims to redefine programmatic advertising by providing a unified, customer-centric platform [5] - The company connects various advertising channels, including programmatic, CTV, email, and social media, to deliver actionable insights to marketers [5] - Headquartered in Toronto, Canada, illumin serves clients across multiple regions, including North America, Latin America, and Europe [5]

Core Insights - illumin Holdings Inc. has launched a new brand identity and tagline "See More. Achieve More." during Advertising Week in New York, marking a significant transformation in its marketing approach [1][9] - The company utilized five large mobile digital billboards across key locations in New York City to promote its new identity and AI-powered solutions, signaling the start of a global omnichannel campaign [2][3] Company Transformation - illumin is positioned as an innovator in the demand-side platform (DSP) category, focusing on empowering marketers, particularly challenger brands, to maximize their advertising effectiveness [4][5] - The brand transformation is described as a statement of intent to challenge industry norms and enhance the capabilities of marketers through advanced technology [6][5] Platform Enhancements - Recent improvements to the platform include the ability to launch campaigns up to 40% faster, streamline workflows, and utilize a new forecasting tool for tactical intelligence [7][6] - The unified journey advertising platform offers real-time, data-driven insights and AI-powered optimization, enabling brands and agencies to effectively manage their marketing campaigns [5][10] Market Positioning - illumin aims to redefine standards in programmatic advertising by providing a customer-centric approach that integrates various marketing channels within a single platform [10] - The company serves clients across North America, Latin America, and Europe, emphasizing its commitment to delivering transformative results for marketers [10]

Core Insights - illumin Holdings Inc. reported a solid revenue growth of 13% year-over-year for Q2 2025, reaching $33.1 million, driven by strong performance in Exchange service revenue and steady growth in Self service revenue [3][4] Financial Performance - Revenue for Q2 2025 was $33.1 million, a 13% increase from $29.2 million in Q2 2024, with Exchange service revenue increasing by 114% to $13.0 million [4][19] - Self service revenue was $9.2 million, accounting for 28% of total revenue, reflecting a 5% increase compared to the previous year [4][19] - Managed service revenue decreased by 24% year-over-year to $10.9 million, attributed to challenges in new client acquisition and reduced spending from existing clients [4][19] - Gross margin stood at 43%, with net revenue (Gross Profit) of $14.4 million, up 3% from $14.0 million in the prior year [4][19] - Adjusted EBITDA showed a loss of $1.0 million, compared to a profit of $0.5 million in Q2 2024, primarily due to higher operating costs [4][19] - The net loss for the quarter was $5.8 million, compared to a loss of $1.0 million in Q2 2024, influenced by lower Adjusted EBITDA and a net foreign exchange loss [4][19] Strategic Initiatives - The company onboarded 31 new Self service clients during the quarter, indicating successful sales initiatives targeting higher-spend clients [3][4] - A new AI forecasting tool was launched for Self service customers, generating strong interest with over 60% of existing users testing it [4] - The company is implementing cost reduction and restructuring initiatives, including a 10% reduction in the North American workforce and a decrease in real estate footprint [5] Market Positioning - The company is focused on a clear product differentiation strategy and client acquisition, aiming to enhance profitability while navigating a shifting market [3][5] - The strong growth in Exchange service revenue is attributed to targeted investments in technology and sales, which have strengthened the company's competitive position [3][5]