Financial Data and Key Metrics Changes - The company reported total revenue of $131 million for the first quarter, reflecting an 11% year-over-year growth and $25 million in EBITDA, representing a 73% increase year-over-year [5][14][19] - Adjusted EBITDA for the quarter was $25.1 million, marking the highest quarterly EBITDA since 2023 [16] - Free cash flow remained positive at $1.4 million, an improvement of approximately $7 million year-over-year [16] - GAAP net loss was $14.1 million or $0.13 per share, while non-GAAP net income was $5.8 million or $0.05 per share [17] Business Line Data and Key Metrics Changes - The on-device solution (ODS) business generated $95.4 million in revenue, up 18% year-over-year, driven by strong growth in device volumes and revenue per device (RPD) [14][15] - The application growth platform (AGP) segment generated $36.3 million in revenue, representing a 5% decline year-over-year but a 9% sequential increase, indicating early signs of stabilization [15][19] Market Data and Key Metrics Changes - The company experienced over 30% year-over-year growth in RPD in both the U.S. and international markets for the on-device business [6][7] - Device volumes improved in North America and select international markets, contributing to the overall growth [7][8] Company Strategy and Development Direction - The company is focusing on first-party data investments and AI-driven decision-making to enhance targeting and return on ad spend for advertisers [10][11] - The branding of first-party data as "DT Ignite Graph" and the AI platform as "DTiQ" aims to showcase unique advantages to customers and partners [11] - The company is positioning itself for future growth by leveraging regulatory momentum for more open app distribution models [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver value to partners, advertisers, users, and shareholders, citing solid year-over-year growth driven by execution and favorable industry dynamics [13][19] - The company raised its full-year revenue guidance to a range of $525 million to $535 million and adjusted EBITDA guidance to $90 million to $95 million for fiscal year 2026 [19] Other Important Information - The company ended the quarter with a cash balance of $34.1 million and total debt of $400.5 million, a reduction of over $8 million quarter-over-quarter [18] Q&A Session Summary Question: International carrier strength and RPD improvement - Management indicated that the international business was up 70%, driven by better device volumes and RPDs, with improved execution and demand from various geographies [21][22][23] Question: Longevity of brand revenue - Management noted a nearly 50% increase in brand advertisers on the platform, indicating strong diversification and encouraging growth potential [24][25] Question: Potential breakup of Apple and Google monopoly - Management highlighted strong interest from publishers for alternative app stores and the encouraging legal developments supporting a more open mobile marketplace [26][27] Question: AGP business improvement - Management emphasized the importance of performance side improvements and investments in first-party data and AI to drive top-line growth in the AGP business [31][34] Question: Growth from device sales turnaround - Management acknowledged a macro trend of improving device sales as a potential tailwind for growth, alongside efforts to expand technology on more devices [38][41] Question: Geographic growth areas - Management reported growth in Asia and Europe for AGP, and double-digit growth in the U.S. for the ODS business, indicating a global growth story [42][43]

Financial Performance - Total revenue for Q2 2025 reached $189 million, representing a 21% year-over-year growth[8, 43] - Adjusted EBITDA for Q2 2025 was $57 million, resulting in a 30% margin[43] - The company has no long-term debt[43] Revenue Growth Drivers - Scaling new advertisers contributed to approximately one-third of the first half of 2025 revenue growth, with 1 percentage point of the 19% revenue growth coming from 2024 Moat advertiser wins[8] - Activation revenue grew by 25% year-over-year in Q2 2025[33] - Measurement revenue increased by 15% year-over-year in Q2 2025[33] - Supply-side revenue experienced a 26% year-over-year growth in Q2 2025[33] Strategic Initiatives - The company is focused on an "Attach, Stack and Scale" revenue strategy, emphasizing verification measurement expansion and activation product upsells[9, 10] - The company is expanding coverage across Retail Media Networks, with total supply-side revenue growth of 26% and retail media supply-side growth of 39% in Q2 2025[26, 28, 29] Market Expansion - Social measurement revenue grew 14% year-over-year in Q2 2025[19] - CTV measurement impressions grew 45% year-over-year in Q2 2025[21]

Group 1 - The Trade Desk (TTD) has recently crossed above the 200-day moving average, indicating a long-term bullish trend [1] - TTD has gained 22% over the past four weeks, suggesting strong market performance [2] - The company is currently ranked Zacks Rank 3 (Hold), indicating potential for further stock price increases [2] Group 2 - Positive earnings estimate revisions support the bullish case for TTD, with no estimates decreasing in the past two months and two estimates increasing [3] - The consensus estimate for TTD has also increased, reinforcing the positive outlook for the company [3] - Investors are encouraged to monitor TTD for potential gains due to its key technical level and favorable earnings revisions [3]

Core Insights - Mobiquity Technologies, Inc. and NewsOut have announced a collaboration to integrate Mobiquity's CMOne platform into NewsOut's operations, enhancing AI capabilities and automating brand storytelling [1][2] - The partnership aims to leverage NewsOut's distribution network, including a 3.1-million-subscriber YouTube channel, to deliver automated brand stories to a wide audience [2][3] Company Overview - NewsOut is an AI-powered video press-release platform that amplifies brand visibility across various media channels, including television and digital platforms [5] - Mobiquity Technologies specializes in advertising and data intelligence, utilizing AI for programmatic media and audience targeting across multiple channels [6] Enhanced Capabilities - The integration of CMOne provides NewsOut clients with a suite of AI-driven marketing tools, including automated content generation and real-time campaign optimization [4] - CMOne will enable the automatic creation of branded video and social media assets, and facilitate distribution across major platforms like YouTube, LinkedIn, and Bloomberg [4]

Core Insights - Mobiquity Technologies, Inc. has launched CMOne, a fully agentic AI marketing platform that integrates organic content, paid media, and conversational engagement into a single autonomous system, enhancing brand execution and campaign performance across digital channels [1][3]. Group 1: Product Features - CMOne, short for "CMO + One," serves as an intelligent command center for brands, performance marketers, and agencies, allowing users to manage, scale, and optimize their marketing strategies within one platform [2]. - Key features of CMOne include AI content creation for branded assets and short-form videos, an omnichannel publishing engine for scheduling and posting across various platforms, and an ad intelligence engine for real-time ad optimization [7]. - The platform also offers a unified performance dashboard to track engagement, sentiment, return on ad spend (ROAS), and brand consistency while autonomously adjusting campaign strategies [7]. Group 2: Company Background - Mobiquity Technologies, Inc. specializes in advertising and data intelligence, utilizing AI for programmatic media, audience targeting, and real-time behavioral insights across multiple digital environments [5]. - The company operates through subsidiaries such as Advangelists, Mobiquity Networks, and AdHere, and engages in strategic partnerships to deliver innovative campaigns that bridge digital and physical advertising [5].

Core Viewpoint - The Trade Desk Inc. has experienced significant volatility, with a decline of over 60% earlier this year, but has since rebounded nearly 100% from its April lows, resulting in a year-to-date performance of -27% [1]. Company Performance - The Trade Desk Inc. is categorized as a global technology company focused on empowering advertising buyers [1]. - The stock has shown resilience, recovering from significant losses earlier in the year [1]. Market Context - The performance of The Trade Desk Inc. is contrasted with 61 other stocks, indicating a broader market context for its recovery [1].

Core Insights - Zeta Global (ZETA) is set to report its second-quarter 2025 results on August 5, with expected revenues of $296.4 million, indicating a 30.1% year-over-year growth [1] - The consensus estimate for earnings per share is 14 cents, reflecting a 7.7% increase from the previous year [1] - The company has a negative earnings surprise history, missing estimates in three of the last four quarters with an average negative surprise of 7.7% [2][3] Revenue and Earnings Estimates - The current earnings ESP for Zeta Global is -8.26%, and it holds a Zacks Rank of 5 (Strong Sell) [3] - The consensus estimates for earnings per share have seen downward revisions over the past 60 days, with a decline of 6.67% for the current quarter [2] Market Performance - Zeta Global's shares have declined by 34.8% over the past year, underperforming its industry, which has seen a 62.3% increase, and the Zacks S&P 500 composite, which rose by 17.2% [9] - The stock is currently trading at a trailing 12-month price-to-earnings ratio of 19.74, lower than the industry average of 23.24 [12] Growth Drivers - The company launched AI Agent Studio in Q1 2025, which is expected to capitalize on the rapidly growing generative AI market, projected to grow at a 43.4% CAGR from 2025 to 2032 [5] - Zeta Global's agentic workflows are designed to enhance marketing capabilities, particularly in sectors like BFSI, Retail, and Travel [6] Investment Considerations - Approximately 73% of Zeta's revenue is generated from direct platform advertising, making it vulnerable to economic downturns that may lead to reduced marketing budgets [15] - The company has not paid dividends and does not plan to, which may deter income-seeking investors [18] Final Outlook - Despite potential growth from AI technologies, Zeta Global faces challenges due to anticipated economic slowdowns that could impact revenue generation [19] - The unpredictability of free cash flow and lack of dividends are significant concerns for investors [20]

Core Viewpoint - Nexxen International Ltd. has repurchased 880,000 Ordinary Shares at an average price of $10.41 during July 2025, indicating a commitment to returning value to shareholders [1]. Company Summary - As of July 31, 2025, Nexxen had 58,061,174 Ordinary Shares outstanding, excluding treasury shares, and approximately $7.2 million remaining under its current share repurchase program authorization [2]. - Nexxen operates as a global advertising technology platform, specializing in data and advanced TV, providing a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3]. - The company's capabilities encompass discovery, planning, activation, monetization, measurement, and optimization, designed to meet the diverse needs of advertisers, agencies, publishers, and broadcasters [3]. - Nexxen is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [4].

Core Viewpoint - Meta Platforms and Broadcom are positioned to potentially surpass Apple's market value of $3.1 trillion within five years, driven by advancements in artificial intelligence [1] Group 1: Meta Platforms - Meta Platforms owns three of the four most popular social media platforms: Facebook, Instagram, and WhatsApp, making it a valuable advertising partner and the second largest ad tech company globally [4] - The company is leveraging AI to enhance consumer engagement, with time spent on Facebook increasing by 7% and on Instagram by 6% over the past six months [5] - The number of advertisers using AI creative tools rose by 30% in the first quarter, and AI has improved ad targeting for Reels, increasing conversion rates by 5% [6][7] - Meta's market value is currently $1.7 trillion, requiring an 88% stock gain to reach $3.2 trillion, implying annual returns of 13.5% over the next five years [6] - The smart glasses market, which Meta dominates, tripled in size last year and is expected to grow over 60% annually through 2029, with potential to replace smartphones [8] - Wall Street estimates Meta's earnings will grow at 15% annually over the next three to five years, making a market value increase to $3.2 trillion plausible [9] Group 2: Broadcom - Broadcom is a leader in infrastructure software and semiconductor solutions, particularly in Wi-Fi chipsets and Ethernet switch chips, with increasing demand due to AI workloads [10] - The company is the leading supplier of custom AI accelerators (ASICs) and develops AI ASICs for major clients including Apple, Google, and Meta Platforms, with the market for AI ASICs expected to grow at 34% annually through 2030 [11] - Broadcom's current market value is $1.4 trillion, needing a 129% increase to reach $3.2 trillion, which implies annual returns of 18% over the next five years [6][12] - Despite challenges, Broadcom has consistently beaten earnings estimates, suggesting potential underestimation of future growth, with AI chip revenue projected to quadruple by 2027 [13]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $483 million, with contribution ex TAC increasing to $292 million, reflecting a year-over-year tailwind from foreign currencies of $6 million [28] - At constant currency, Q2 contribution ex TAC grew by 7% year-over-year, representing growth of 21% on a two-year stack basis [28] - Adjusted EBITDA for Q2 2025 was $89 million, reflecting strong operational leverage from top-line growth and cost discipline [33] - Net income for Q2 2025 was $23 million, resulting in diluted earnings per share of $0.39 and adjusted diluted EPS of $0.92 [34] Business Line Data and Key Metrics Changes - In Performance Media, revenue was $422 million, with contribution ex TAC up 6% at constant currency or 17% on a two-year stack basis [29] - Retail Media revenue was $61 million, with contribution ex TAC growing 11% at constant currency, representing a 35% increase on a two-year stack [31] - Campaign volume for Commerce Go grew 200% quarter-over-quarter, driven by increasing adoption from SMB advertisers and lower churn [18] Market Data and Key Metrics Changes - Travel vertical grew by 28% in Q2 2025, with notable strength in APAC driven by full funnel activation [20] - Retail spending, particularly in fashion, was down 6%, indicating challenges in certain sectors [30] - Media spend in Q2 grew 20% year-over-year, demonstrating share gains across a diversified client base [32] Company Strategy and Development Direction - The company is focused on delivering full funnel, cross-channel, self-service advertising, leveraging unique commerce data and AI [6] - A renewed focus on performance media and accelerated AI innovation is expected to drive the next phase of growth [15] - The company is expanding its partnerships with agencies, including a significant partnership with Dentsu, to enhance its commerce media platform [10] Management's Comments on Operating Environment and Future Outlook - Management noted a slow start to the quarter but observed better macro trends in May, with a relatively stable environment since then [28] - The company anticipates positive free cash flow generation in the second half of the year, with a free cash flow conversion rate above 45% of adjusted EBITDA [35] - For 2025, the company expects contribution ex TAC to grow 3% to 4% year-over-year at constant currency, with growth in each segment [37] Other Important Information - The company has a strong financial position with $746 million in total liquidity and no long-term debt [36] - The company is committed to disciplined capital allocation, including investments in high ROI organic investments and share buyback programs [36] Q&A Session Summary Question: What is the monetization strategy for the AgenTic AI product? - The monetization strategies for AgenTic AI are still being determined, with options ranging from affiliate programs to sponsored citations [43][46] Question: Are clients actively spending on AgenTic AI? - It is early days in discussions, with retailers focusing on controlling data flows and ensuring relevance in the shopper journey [53][55] Question: Can you elaborate on the agency relationships and their impact on financials? - The agency relationships are structured around shared economics, data integration, and co-development strategies, with strong traction in agency spending [58][63] Question: What is the outlook for CTV and its value to advertisers? - CTV is seen as a promising channel for performance-based advertising, with the ability to tie advertising to sales lift [81][84] Question: How is the Miracle partnership expected to impact market penetration? - The Miracle partnership is aimed at unlocking demand from third-party sellers in the mid to long tail, enhancing Criteo's value proposition [74][75] Question: What is the current retailer count and outlook for retention? - The company now partners with over 230 retailers, with a strong base in the US and Europe, feeling confident about retaining its retailer base [77]