Delivered revenue and adjusted EBITDA ahead of guidance; Revenue from omnichannel video, including CTV, grew 20% and was 40% of total revenue; CTV revenue grew over 50% year-over-year; and Supply Path Optimization represented a record 55%+ of total activity NO-HEADQUARTERS/REDWOOD CITY, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today reported financial results for the first quarter en ...

Core Insights - Quad/Graphics, Inc. has announced a strategic partnership with Vistar Media to enhance programmatic buying for consumer packaged goods (CPG) brands on its In-Store Connect platform, facilitating automated ad purchases and optimizations in retail environments [1][4][5] Group 1: Partnership and Technology Integration - The integration of Vistar's advanced ad server and supply-side platform into Quad's In-Store Connect allows advertisers to purchase in-store ad inventory with precision and flexibility, utilizing real-time programmatic bidding [2][5] - This partnership aims to transform brick-and-mortar stores into dynamic advertising channels, bridging online precision with in-store influence, thereby delivering measurable results for both advertisers and retailers [4][5] Group 2: Market Expansion and Reach - Since its launch in 2024, Quad's In-Store Connect has expanded its regional footprint to include various retail locations, providing access to millions of shoppers and planning further expansion across additional retail brands [5] - The In-Store Connect solution leverages strategically placed digital signage and kiosks to enhance brand awareness and engagement at critical retail moments, driving increased brand recall and conversion rates [4][5] Group 3: Company Overview - Quad is a marketing experience company that offers a comprehensive range of marketing and print services, integrating creative, production, and media solutions across online and offline channels [6][7] - The company employs approximately 11,000 people across 11 countries and serves around 2,100 clients, focusing on various industry verticals including retail and consumer packaged goods [7]

Financial Data and Key Metrics Changes - Q1 2025 total revenue was $156 million, up 4% from Q1 2024, with contribution ex TAC at $146 million, an increase of 12% [21][25] - Adjusted EBITDA grew 47% year-over-year to $37 million, reflecting a margin of 25%, compared to 19% in Q1 2024 [6][25] - Net loss for the quarter was $10 million, improved from a net loss of $18 million in Q1 2024 [25][26] Business Line Data and Key Metrics Changes - CTV contribution ex TAC was $63 million, up 15% year-over-year, exceeding guidance [21][22] - DV plus contribution ex TAC was $83 million, an increase of 9% from the previous year, also exceeding guidance [22][25] - Contribution ex TAC mix for Q1 was 43% CTV, 40% mobile, and 17% desktop [23] Market Data and Key Metrics Changes - Strong growth in CTV driven by partnerships with major players like Roku, Netflix, and Warner Bros. Discovery [7][10] - Agency marketplaces powered by Clearline product remain a bright spot, with strong support from buyers like GroupM and Omnicom [11] - Live sports segment saw growth with nearly 20 partners using live stream acceleration technology [12] Company Strategy and Development Direction - The company is focused on enhancing its CTV capabilities through the next generation of SpringServe, set for general availability in July [8][9] - Emphasis on programmatic CTV as a structural advantage over legacy SSPs, aiming to capture more market share as budgets flow into CTV [13][18] - Investment in AI and machine learning to improve operational efficiency and audience targeting capabilities [15][16] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the resilience of ad spend, with CTV contribution ex TAC growing in the mid-teens in Q2 [20][19] - Caution expressed regarding potential dampening of growth rates due to tariff-related economic uncertainty [20][29] - Anticipation of significant upside from the recent antitrust ruling against Google, which could level the playing field in the ad tech industry [17][18] Other Important Information - Cash balance at the end of Q1 was $430 million, down from $483 million at the end of Q4 2024, attributed to seasonality and share repurchases [26][27] - The company has reduced its Term Loan B interest rate, resulting in annual interest savings of approximately $2.7 million [27] Q&A Session Summary Question: What is the potential opportunity from the Google antitrust case? - Management believes that behavioral remedies could provide immediate benefits, while structural changes may take longer [34] - Each 100 basis point increase in market share could result in approximately $50 million in contribution ex TAC [35][36] Question: How does the new SpringServe platform differentiate Magnite? - The integration of ad server and SSP capabilities creates a more efficient path to premium CTV inventory, enhancing competitive advantage [40][41] Question: What are the trends in customer and advertiser conversations? - Conversations indicate a cautious but steady ad spend, with no significant cuts reported, although some sectors like European auto are experiencing declines [51][52] Question: How is the pricing environment in CTV? - There has been a decline in CPMs due to increased supply, but this is expected to lead to more programmatic transactions, benefiting the company [77][78] Question: What is the outlook for small and medium brands in CTV? - The decline in CPMs has created a more accessible entry point for SMBs to test CTV advertising [87] Question: How is Magnite involved in enhancing user targeting for Netflix? - The company is actively participating in building out features that enhance audience targeting, which could lead to higher value services [92]

Contribution ex-TAC(1) Grows 12% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 15% Year-Over-Year Adjusted EBITDA(1) Grows 47% Year-Over-Year NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today reported its results of operations for the quarter ended March 31, 2025. Q1 2025 Highlights: Revenue of $155.8 million, up 4% year-over-yearContribution ex-TAC(1) of $145.8 million, up 12% year-over-yearContribution ex-TAC(1) attribut ...

Financial Data and Key Metrics Changes - NCM's total revenue for Q1 2025 was $34.9 million, a 7% decline from $37.4 million in the same period last year, primarily due to a 5% year-over-year reduction in attendance and advertiser uncertainty regarding tariffs [27][12][13] - Adjusted OIBDA was negative $9 million, in line with guidance, reflecting reduced theater attendance and investments in sales and operations [13][32] - The company had $63.1 million in cash and equivalents at the end of Q1 2025, with zero outstanding debt [33] Business Line Data and Key Metrics Changes - National advertising revenue decreased to $27.4 million from $29.5 million in Q1 2024, driven by lower attendance in March [28] - Local and regional advertising revenue totaled $4.9 million, down from $5.3 million in the same quarter last year, primarily due to lower attendance and economic uncertainty [29] Market Data and Key Metrics Changes - The box office generated approximately $1.4 billion in Q1 2025, an 11.6% decline compared to the same period last year, attributed to a weaker film slate and underperformance of high-profile titles [6][7] - NCM's year-to-date network attendance through April was up 6% compared to the same period last year, driven by strong performances from new releases [8] Company Strategy and Development Direction - NCM is focused on enhancing its platform through technology investments and talent acquisition, aiming to capitalize on opportunities in the premium video ad space [5][6] - The company has agreed to a five-year extension of its contract with AMC Theatres, aligning payment structures with performance metrics to enhance revenue generation [17][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about attendance recovery supported by a strong film slate in the second quarter and beyond, despite headwinds from government policy shifts affecting advertising [24][25] - The company anticipates Q2 revenue between $56 million and $61 million, reflecting ongoing impacts of tariff uncertainty [37] Other Important Information - NCM's scatter market participation increased to 42% in Q1 2025, up from 29% in the prior year, indicating a shift towards real-time advertising solutions [12][28] - The company launched new products, Bullseye and Blueprint, aimed at enhancing targeting capabilities and connecting brands with high-intent consumers [19][70] Q&A Session Summary Question: Has the strength of pacing weakened from Q4 to Q1? - Management noted that while the pipeline remains active, there has been some softening in pacing due to economic uncertainties affecting certain categories [44][46] Question: Will there be more flexibility in upfront commitments due to the current environment? - Management indicated that while upfront negotiations will allow for more flexibility, current cancellation policies are expected to remain in place for the upcoming quarters [49][50] Question: How is NCMX helping to compete with digital video platforms? - Management highlighted that NCMX's new tools allow for better targeting and quicker ad delivery, enhancing competitiveness against digital media companies [70][72] Question: What is the incremental revenue opportunity from the new AMC inventory? - Management expressed excitement about the new inventory from AMC, which is expected to have a material impact on revenue in the second half of the year [63][66]

Financial Data and Key Metrics Changes - NCM's total revenue for Q1 2025 was $34.9 million, a 7% decline from $37.4 million in the same period last year, primarily due to a 5% year-over-year reduction in attendance and advertiser uncertainty related to tariffs [26][12][13] - Adjusted OIBDA was negative $9 million, in line with guidance, compared to negative $5.7 million in the prior year [30][13] - Total unlevered free cash flow for the quarter was $5.5 million, impacted by prior year client advance payments [30] Business Line Data and Key Metrics Changes - National advertising revenue decreased to $27.4 million from $29.5 million in Q1 2024, driven by lower attendance [27] - Local and regional advertising revenue totaled $4.9 million, down from $5.3 million in the prior year, primarily due to lower attendance and economic uncertainty [28] - The scatter market accounted for 42% of first quarter national onscreen revenue, up from 29% in the prior year, reflecting a shift towards real-time advertising solutions [12][27] Market Data and Key Metrics Changes - The box office generated approximately $1.4 billion in Q1 2025, an 11.6% decline compared to the same period last year, attributed to a weaker film slate and underperformance of high-profile titles [6][7] - Year-to-date network attendance through April was up 6% compared to the same period last year, driven by strong performances from new releases [7] Company Strategy and Development Direction - NCM is focused on enhancing its platform through investments in technology and talent, aiming to capitalize on opportunities in the premium video ad space [5][6] - The company has extended its contract with AMC Theatres for five years, aligning payment structures with performance metrics to enhance revenue generation [16][34] - NCM is prioritizing the development of programmatic and self-serve advertising solutions to meet evolving market demands [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about attendance recovery supported by a strong film slate in the second quarter and beyond, despite headwinds from tariff-related uncertainties [23][36] - The company anticipates second quarter revenue between $56 million and $61 million, reflecting ongoing impacts of tariff uncertainty [36] - Management remains confident in the resilience of the theatrical exhibition industry, supported by a compelling film slate and renewed commitments from industry leaders [24][36] Other Important Information - NCM repurchased 2.3 million shares at an average price of $6.6, totaling approximately $14 million, as part of its share repurchase program [34][35] - A quarterly dividend of $0.03 per share was announced, amounting to $2.9 million, to be paid on May 29, 2025 [35] Q&A Session Summary Question: Has the strength of pacing seen in Q4 weakened? - Management noted that while the pipeline remains active, there are headwinds in certain categories, and pacing has softened slightly compared to Q4 [44] Question: Will there be more flexibility in upfront commitments due to the current environment? - Management indicated that while upfront negotiations will allow for more flexibility, current cancellation policies are expected to remain unchanged [48] Question: How is the ability to deliver ads quickly impacting monetization? - Management stated that quick ad delivery is beneficial for capitalizing on films that outperform expectations, enhancing inventory utilization [52] Question: Is there a difference in spending between brand-driven and performance ad purchases? - Management observed that brand-driven advertisers are pausing spending, while performance-based companies continue to invest due to quantifiable outcomes [54] Question: What is the incremental revenue opportunity from the new AMC inventory? - Management expressed excitement about the enhanced relationship with AMC, indicating that the new inventory will provide significant revenue opportunities [60] Question: How is NCMX helping to compete with digital video platforms? - Management highlighted that NCMX's new tools allow for better targeting and attribution, making NCM more competitive in the advertising space [66]

Core Viewpoint - Roku Inc. reported positive first-quarter results, but shares fell in early trading, indicating market skepticism despite the upbeat earnings [1] Group 1: Financial Performance - Roku's first-quarter revenue grew by 16% year-on-year, reaching $1.02 billion, with adjusted EBITDA increasing by 37% [2][4] - Management projected second-quarter adjusted EBITDA of $70 million, with anticipated revenue growth decelerating to 11% [3][2] - Analysts noted that Roku maintained its full-year Platform segment revenue guidance of $3.95 billion, reflecting a 12% year-on-year increase [4][6] Group 2: Analyst Ratings and Price Targets - Rosenblatt Securities maintained a Neutral rating, reducing the price target from $100 to $75, citing that the results were near expectations [2] - Needham maintained a Buy rating with a price target of $88.50, highlighting strong quarterly results [4] - JPMorgan reaffirmed an Overweight rating with a price target of $75, noting that Platform revenues grew by 17% in the first quarter [6] Group 3: Market Position and Future Outlook - Analysts believe Roku is likely to be more resilient due to programmatic integrations and a diversified revenue base [7] - Guggenheim projected Platform revenue growth of 14% for the second quarter, higher than consensus expectations [8] - Analysts indicated that while there may be a slight deceleration in revenue growth in the latter half of the year, Roku remains a top pick for 2025 [5][14]

Financial Data and Key Metrics Changes - The company reaffirmed its platform revenue and adjusted EBITDA outlook for the full year 2025 despite macroeconomic uncertainties, indicating confidence in its business model [8][14] - The company expects adjusted EBITDA of $350 million for 2025 and platform revenue guidance of $3.95 billion [15] Business Line Data and Key Metrics Changes - Advertising revenue grew faster than the overall OTT ad market, driven by a shift from linear to streaming and increased programmatic advertising [9][10] - Subscription revenue is also on the rise, with the company building tens of millions of Roku subscriptions each month [12] Market Data and Key Metrics Changes - The Roku Channel engagement grew 84% year over year, becoming the number two app on the platform by engagement [40] - The company is seeing a shift in advertising from guaranteed to non-guaranteed campaigns, which is favorable for driving volume [24][19] Company Strategy and Development Direction - The company is focused on diversifying revenue streams, including advertising and subscriptions, and leveraging its home screen for better user engagement [10][85] - The acquisition of Friendly, a subscription service, is expected to enhance the company's subscription offerings and drive growth [12][70] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties but emphasized the company's strong position to navigate these challenges due to diversified revenue streams and strong execution over the past two years [10][14] - The company remains optimistic about achieving positive operating income by 2026 and is adapting to market conditions as they evolve [15][26] Other Important Information - The company has a diversified manufacturing strategy to mitigate tariff impacts, allowing for flexibility in sourcing and production [71][72] - The company is on track to achieve 100 million streaming households, which is a key performance indicator for growth [77][111] Q&A Session Summary Question: Confidence in full year platform guide and advertising trends - Management reaffirmed guidance based on positive trends in streaming and advertising, with a focus on performance and flexibility in ad offerings [9][10] Question: Buffer against macro trends - Management noted that the shift from guaranteed to non-guaranteed advertising has been favorable, and ongoing initiatives in subscriptions and advertising should help offset potential macroeconomic impacts [24][26] Question: Contribution of programmatic to platform revenue growth - Management indicated that while some programmatic revenue is incremental, there is also a mix of previously direct sales now executed programmatically [32][33] Question: Significance of Roku Channel's growth - The Roku Channel's growth enhances the company's engagement and provides leverage in negotiations with content providers [40][41] Question: Virtual MVPD market outlook - Management views the virtual MVPD market as transitory but believes linear channels will continue to be popular on the platform [50][51] Question: Data monetization strategy - Management explained that first-party data is used to enhance advertiser outcomes, and there are ongoing efforts to explore additional monetization strategies [60][62] Question: Device revenue outlook - Management clarified that device revenue is not a primary focus, with more emphasis on growing Roku households and overall platform revenue [108][110]

Financial Data and Key Metrics Changes - The company reaffirmed its platform revenue and adjusted EBITDA outlook for the full year 2025 despite macro uncertainties, indicating confidence in its business model [8][14] - The company expects adjusted EBITDA of $350 million for 2025 and platform revenue guidance of $3.95 billion [15] Business Line Data and Key Metrics Changes - Advertising revenue grew faster than the overall OTT ad market, driven by a shift from linear to streaming and increased programmatic advertising [9][11] - Subscription revenue is also on the rise, with the company building tens of millions of Roku subscriptions each month [12] Market Data and Key Metrics Changes - The Roku Channel became the number two app on the platform in the US, with engagement growing 84% year over year, showcasing the platform's reach and engagement capabilities [41][46] Company Strategy and Development Direction - The company is focusing on diversifying revenue streams, enhancing ad products, and leveraging its home screen for better user engagement [10][88] - The acquisition of Friendly, a subscription service, is expected to enhance the company's subscription offerings and drive growth [12][57] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties but highlighted positive trends in advertising and subscription growth as key drivers for confidence in future performance [9][14] - The company is well-positioned to navigate potential downturns due to its diversified revenue streams and strong market presence [26][80] Other Important Information - The company has a diversified manufacturing strategy to mitigate tariff impacts, ensuring flexibility in sourcing and production [74][75] - The company is on track to achieve 100 million streaming households, which is a significant milestone for its growth strategy [80][112] Q&A Session Summary Question: Confidence in full year platform guide and advertising trends - Management reaffirmed guidance based on positive trends in streaming and advertising, with a focus on performance and flexibility in ad offerings [9][10][14] Question: Buffer against macro trends - Management indicated that the shift from guaranteed to non-guaranteed advertising has been favorable, driving more volume to the platform [24][26] Question: Contribution of programmatic to platform revenue growth - Management noted that while some programmatic revenue is incremental, there is also a mix of previously direct sales now executed programmatically [33][34] Question: Significance of Roku Channel's growth - The Roku Channel's rise to the number two app enhances the company's negotiating power with content providers and advertising partners [41][46] Question: Impact of tariffs on device business - Management stated that while tariffs may affect device sales, the focus remains on growing Roku households rather than device revenue [108][112] Question: Revenue trajectory for platform growth - Management expects a slight deceleration in growth rates in Q4 due to tough comparisons but remains optimistic about sustaining growth in the medium term [82][103]

Financial Data and Key Metrics Changes - Roku reaffirmed its full-year platform revenue and adjusted EBITDA outlook for 2025 despite macroeconomic uncertainties, indicating confidence in its business model and execution [7][14]. - The company expects adjusted EBITDA of $350 million for 2025, with platform revenue guidance set at $3.95 billion [15]. Business Line Data and Key Metrics Changes - Advertising revenue grew faster than the overall OTT ad market, driven by a shift from linear to streaming and increased programmatic advertising [10]. - Subscription services are also a focus, with Roku building tens of millions of subscriptions monthly, and the acquisition of Friendly is expected to enhance subscription growth [12][59]. Market Data and Key Metrics Changes - The Roku Channel became the number two app on the platform by engagement, with a year-over-year engagement growth of 84% [41]. - The company noted a significant shift in advertising from guaranteed to non-guaranteed campaigns, which aligns with current market demands for flexibility [16][102]. Company Strategy and Development Direction - Roku is focusing on diversifying its revenue streams, particularly in advertising and subscriptions, while leveraging its home screen for better user engagement [10][90]. - The company is also enhancing its programmatic advertising capabilities to meet the evolving needs of advertisers [18][34]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties but highlighted positive trends in advertising and subscription growth, indicating a strong position to navigate these challenges [14][26]. - The company is optimistic about achieving positive operating income by 2026, supported by its diversified revenue streams [15]. Other Important Information - Roku's manufacturing strategy is diversified across multiple countries, providing flexibility to mitigate tariff impacts on device sales [76]. - The company is on track to reach 100 million streaming households, which is a key performance indicator for its growth strategy [82][112]. Q&A Session Summary Question: Confidence in full-year guidance amid market uncertainty - Management reaffirmed guidance based on specific positive trends in the streaming market and Roku's execution capabilities [7][14]. Question: Buffer against macro trends - Management indicated that ongoing initiatives in advertising and subscriptions could help offset potential macroeconomic downturns [25][26]. Question: Contribution of programmatic advertising to revenue growth - Management confirmed that while some programmatic revenue is incremental, there is also a mix of previously direct sales now executed programmatically [33][34]. Question: Significance of Roku Channel's engagement growth - Management emphasized the importance of the Roku Channel's growth in driving advertising and subscription opportunities [41][44]. Question: Impact of tariffs on device business - Management stated that the diversified manufacturing strategy helps mitigate tariff impacts, and they do not anticipate a material change in gross profit dollars for devices [76][78]. Question: Revenue trajectory for platform growth - Management expects a slight deceleration in growth rates in Q4 due to tough comparisons but remains optimistic about sustaining growth in the medium term [85][104].