Financial Data and Key Metrics Changes - The company achieved revenue of $110.5 million, representing an 8% year-over-year growth [16] - Contribution ex-TAC was $51 million, up 7% year-over-year, maintaining a healthy 46% margin [16] - Adjusted EBITDA increased 63% year-over-year to $12.1 million, reflecting improved operational leverage [15][22] - Non-GAAP net income was $12.5 million, resulting in a non-GAAP diluted earnings per share of $0.28, a 22% year-over-year increase [23] Business Line Data and Key Metrics Changes - CTV revenue grew 75% year-over-year, driven by strong demand for advanced formats [18] - Digital Out-of-Home revenue increased by 26% year-over-year, reaching 22% of total revenue [20] - Retail media revenue was up 40% year-over-year, indicating strong momentum in this vertical [20] - Web revenue declined by 11% year-over-year due to lower advertiser appetite for standard display and video formats [21] Market Data and Key Metrics Changes - CTV and Digital Out-of-Home combined represented 37% of total revenue, up from 28% in the same quarter last year [20] - The retail media market is projected to expand at a 14.7% CAGR through 2029, presenting significant growth opportunities [20] Company Strategy and Development Direction - The company is focused on becoming the platform of choice for modern CMOs, unifying media, data, and outcomes through the Perion One strategy [5][6] - New products like Outmax and SODA are designed to enhance performance-driven advertising and optimize monetization for publishers [4][9] - The company is expanding its share repurchase program to $200 million, reflecting confidence in long-term value [3][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to meet guidance for Q4, indicating no slowdown in advertiser spending [31] - The company aims to capture more market share in 2026 and beyond, with expectations for continued growth in core areas [38][39] - The operational efficiency initiatives are expected to fully materialize in 2026, supporting sustained growth [15][23] Other Important Information - The company has a strong cash position of $315 million, providing financial flexibility for growth and capital allocation [24] - The share buyback program has repurchased a cumulative total of 10.4 million shares for $94.2 million, underscoring confidence in the company's value proposition [24][25] Q&A Session Summary Question: What are the drivers behind the CTV strength in Q3? - Management noted that performance CTV and the new algorithm Outmax are driving significant growth, with a healthy pipeline of deals [31] Question: Why is the Q4 guidance range wide? - Management indicated that the quarter is trending in line with expectations, and they feel confident about delivering within the guidance range [31][32] Question: How is the web business trending relative to expectations? - Management stated that the web business performed as expected, with declines primarily due to the exit from low-margin activities [51] Question: What is the outlook for 2026 growth? - Management did not provide specific guidance for 2026 but expressed confidence in outperforming market expectations [38] Question: How is the company using AI internally? - Management highlighted that AI is integral to R&D and operational efficiency, with a focus on reducing manual work through automation [60] Question: How much of the web decline is structural versus self-inflicted? - Management clarified that approximately 13% of the web decline was due to strategic actions taken, suggesting a potential for growth in the future [64]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $110.5 million, representing an 8% year-over-year growth [16] - Contribution ex-TAC was $51 million, up 7% year-over-year, maintaining a healthy 46% margin [16][22] - Adjusted EBITDA increased 63% year-over-year to $12.1 million, reflecting improved operational leverage [15][22] - Non-GAAP net income was $12.5 million, resulting in a non-GAAP diluted earnings per share of $0.28, a 22% year-over-year increase [23] Business Line Data and Key Metrics Changes - CTV revenue grew 75% year-over-year, driven by demand for advanced formats [18] - Digital out-of-home revenue increased by 26% year-over-year, reaching 22% of total revenue [20][21] - Retail media revenue was up 40% year-over-year, indicating strong momentum in this vertical [20] - Web revenue declined by 11% year-over-year due to lower advertiser appetite for standard display and video formats [21] Market Data and Key Metrics Changes - CTV and digital out-of-home combined represented 37% of total revenue, up from 28% in the same quarter last year [20] - Retail media in the US is projected to be a $60 billion opportunity, growing at double-digit annual rates [7] - The overall market for digital advertising is expected to continue shifting towards CTV and closed gardens like Meta and TikTok [45] Company Strategy and Development Direction - The company is focused on becoming the platform of choice for modern CMOs, unifying media, data, and outcomes under the Perion One strategy [5][6] - New products like Outmax and Soda are designed to enhance performance-driven advertising and optimize monetization for publishers [4][9] - The company is expanding its share repurchase program to $200 million, reflecting confidence in long-term value [3][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to meet guidance for Q4, indicating no slowdown in advertiser spending [31][32] - The company aims to capture more market share in 2026 and beyond, with expectations for continued growth in core areas [38] - Management noted that the operational efficiency initiatives are expected to fully materialize in 2026, supporting sustainable growth [15][22] Other Important Information - The company has a strong cash position of $315 million, providing financial flexibility for growth and capital allocation [24] - The Digital Out-of-Home Player is expected to enhance revenue predictability and scalability across the fast-growing channel [10][70] Q&A Session Summary Question: What are the drivers behind CTV's 75% growth in Q3? - Management highlighted the performance of CTV and the new algorithm Outmax as key drivers, with a healthy pipeline of deals [30][31] Question: Why is the Q4 guidance range wide? - Management indicated that the guidance is conservative, reflecting the peak advertising budget season and the need for caution [36] Question: How is the web business trending relative to expectations? - Management confirmed that the web business performed as expected, with the decline primarily due to low-margin business exits [51] Question: How is AI being utilized internally? - Management stated that AI is increasingly integrated into R&D and operations, reducing the need for manual work [60] Question: What is the expected impact of the actions taken in February on web revenue? - Management clarified that approximately 13% of the 11% decline in web revenue was due to the actions taken, suggesting a potential for growth in the future [64]

Core Viewpoint - A former executive at WPP, Richard Foster, is suing the company for retaliation and wrongful termination after he raised concerns about alleged improper kickback practices within GroupM, WPP's media investment division [1][4][23] GroupM's Alleged Practices - Foster claims that GroupM engaged in "volume-based discounts," leveraging client ad budgets to secure undisclosed incentives from media owners, which were not passed back to clients [3][6] - The lawsuit alleges that GroupM generated between $3 billion and $4 billion from rebate-driven deals over the past five years, improperly retaining approximately $1.5 billion to $2 billion [7][6] Legal Context - While receiving media rebates is not illegal in the US, legal experts warn that undisclosed rebates could breach contracts or constitute fraud [5] - Public companies must accurately record all income, including rebates, in their financial statements [5] Industry Background - The issue of agency kickbacks has been a concern in the advertising industry, with previous reports highlighting non-transparent practices among media agencies [11][12] - The Association of National Advertisers published a report in 2016 indicating that rebates and non-transparent practices were "pervasive" among US media agencies [11] WPP's Current Situation - WPP is facing a challenging period, expecting a second consecutive annual revenue decline, with its share price having more than halved in the year to date [13] - The company has lost key media accounts to competitors like Publicis Groupe and Omnicom [13] Foster's Actions and Allegations - Foster claims he raised concerns about rebate practices with senior executives, including former CEO Mark Read, but was met with retaliation [14][22] - After submitting a report detailing his concerns, Foster alleges he was excluded from key meetings and decision-making processes before being terminated without cause [20][22] Legal Claims - The lawsuit, filed in the New York State Supreme Court, seeks over $100 million in damages for retaliation, wrongful termination, and violations of whistleblower protection laws [23]

Core Viewpoint - Stingray Group Inc. has announced a definitive agreement to acquire TuneIn Holdings, Inc. for up to US$175 million, aiming to enhance its global digital audio presence and advertising capabilities [1][2][4]. Financial Details - The acquisition is valued at up to US$175 million, with US$150 million paid at closing and up to US$25 million a year later [1][7]. - TuneIn is expected to generate US$110 million in revenue and US$30 million in adjusted EBITDA for the twelve-month period ending December 31, 2025, implying an adjusted EBITDA multiple of 5.8x pre-synergies [7]. - Estimated operational synergies of US$10 million are anticipated within 12 to 18 months post-closing [7]. Strategic Implications - The acquisition will significantly expand Stingray's global digital audio footprint and accelerate growth in streaming services [2][4]. - By integrating TuneIn's ad platform, Stingray aims to enhance its advertising offerings with targeted audio, video, and display advertising solutions [2][4]. - The combination of TuneIn's 75 million active listeners and Stingray's distribution capabilities will create a highly engaged audience for advertisers [4]. Market Position - This transaction positions Stingray as a global leader in audio entertainment and digital advertising sales, with pro forma revenue expected to exceed US$400 million (CA$560 million) [4]. - The acquisition aligns with Stingray's strategy to enhance its presence in the automotive sector, leveraging both companies' strong integrations with leading manufacturers [4][5]. Operational Integration - Following the acquisition, the TuneIn platform will continue to operate under its existing brand, allowing for a seamless integration of services [5]. - The collaboration is expected to create significant growth opportunities for both companies, enhancing their ability to deliver audio content globally [5].

SAFE HARBOR This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "guidance," "believe," "expect," "estimate," "project," "plan," "will," or words or phrases with similar meaning. Forward-looking statements s ...

Core Insights - Interpublic Group reported better-than-expected revenue and profit for the third quarter, driven by strong spending from media and healthcare clients [1] Financial Performance - The company exceeded third-quarter revenue estimates, indicating robust demand in its service offerings [1] - Profit figures also surpassed expectations, reflecting effective cost management and operational efficiency [1] Client Spending Trends - Resilient spending from media and healthcare sectors contributed significantly to the company's financial performance [1]

Core Insights - Informa TechTarget reports a revenue decline of -2.7% for the 10-month period ending October 31, 2025, compared to the previous year, an improvement from -4.3% at the half-year mark [2][3] Company Overview - Informa TechTarget, a subsidiary of Informa PLC, is a prominent growth accelerator in the B2B Technology sector, focusing on connecting technology buyers and sellers [2][3] - The company operates over 220 digital properties and has a first-party audience of more than 56 million, providing valuable insights into the technology market [3] Financial Performance - The revenue update indicates a slight recovery in performance, with the decline rate improving from the previous reporting period [2] - The revenue figures are calculated on a Combined Company basis, assuming the acquisition of former TechTarget occurred on January 1, 2023 [2] Strategic Positioning - Informa TechTarget leverages its extensive audience and intent data to offer expert-led, data-driven services that yield significant impacts for clients [3] - The company continues to maintain its leadership in Account-Based Marketing (ABM) through strategic partnerships and recognition in the industry [11]

Core Insights - Stagwell Inc. is actively participating in six investor conferences scheduled for November and December 2025, providing opportunities for one-on-one and small group meetings with its management team [1][5]. Company Overview - Stagwell is described as a challenger holding company focused on transforming marketing by integrating creativity with advanced technology to enhance marketing effectiveness for ambitious brands [2]. Upcoming Events - The specific investor conferences include: - November 17: Seaport 3 Annual Digital Media & Advertising Conference (Virtual) - November 19: Wells Fargo 9 Annual TMT Summit (Rancho Palos Verdes, CA) - December 1: UBS Global Technology and AI Conference (Phoenix, AZ) - December 2: Wolfe Research Small and Mid-Cap Conference (Virtual) - December 3: Bank of America Leveraged Finance Conference (Boca Raton, FL) - December 8: UBS Global Media and Communications Conference (New York City, NY) [5].

Core Viewpoint - A class action securities lawsuit has been filed against WPP plc, alleging securities fraud that negatively impacted shareholders between February 27, 2025, and July 8, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit claims that WPP's management made overly positive statements while concealing material adverse facts about the company's media arm, which was struggling to compete effectively and losing market share [3]. - On July 9, 2025, WPP disclosed a trading update indicating a deterioration in performance during Q2, attributing this to macroeconomic uncertainties and weaker new business [4]. Group 2: Stock Price Impact - Following the trading update, WPP's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% in one day [5]. Group 3: Next Steps for Affected Shareholders - Shareholders who experienced losses during the specified timeframe are encouraged to seek information on their rights to recovery, with no cost or obligation to participate [6]. Group 4: Legal Representation - Levi & Korsinsky LLP, a recognized securities litigation firm, has a strong track record in securing recoveries for shareholders and has been ranked among the top securities litigation firms in the U.S. for seven consecutive years [7].

Core Insights - StackAdapt and iHeartMedia have formed a partnership to integrate iHeartMedia's audio inventory into the StackAdapt platform, allowing marketers to access broadcast radio alongside digital audio, podcasts, and streaming inventory in real-time [1][2] Group 1: Partnership Overview - The integration simplifies audio planning and activation, enabling advertisers to plan, forecast, buy, measure, and report on all audio channels within StackAdapt, thus eliminating manual processes [2] - This partnership allows advertisers to target iHeartMedia's broadcast inventory using first-party audience segments and behavioral data, creating a unified audio strategy [4][6] Group 2: Market Reach and Impact - iHeartMedia's broadcast radio stations reach 278 million ad-supported listeners monthly, providing brands access to diverse audiences across the country [4] - The collaboration is particularly beneficial for political advertisers seeking to reach voters effectively during the 2026 election cycle by combining the reach of AM/FM broadcast with programmatic precision [5] Group 3: Industry Trends - The partnership reflects a resurgence in local and community-driven content, with AM/FM radio holding 64% of all daily ad-supported audio listening, driven by strong local programming [6] - The integration positions StackAdapt as a leader in audio advertising, having been ranked the 1 Audio Advertising Platform on G2 in 2025, indicating a growing demand for unified, data-driven audio solutions [3]