Financial Data and Key Metrics Changes - Q1 revenue reached $616 million, representing a 25% year-over-year increase [45] - Adjusted EBITDA for the quarter was $208 million, reflecting a 34% margin [45] - Adjusted net income was $165 million, or $0.33 per fully diluted share [49] - Free cash flow was $230 million in Q1 [49] Business Line Data and Key Metrics Changes - CTV (Connected TV) remains the largest and fastest-growing advertising channel, representing a high 40s percentage share of the business [46] - Mobile accounted for a mid-30s percentage share of spend, while display represented a low double-digit share and audio around 5% [46] - The adoption of the Kokai platform accelerated, with about two-thirds of clients now using it, ahead of schedule [60] Market Data and Key Metrics Changes - North America represented approximately 88% of spend, while international markets accounted for about 12% [46] - International growth outpaced North America for the ninth consecutive quarter, driven by CTV [47] Company Strategy and Development Direction - The company aims to capture market share in a more competitive landscape, particularly in the open Internet space [19][40] - Innovations like OpenPath and the acquisition of Sincerra are expected to enhance supply chain efficiency and transparency [24][28] - The focus remains on maintaining independence and objectivity to differentiate from competitors like Google and Amazon [45][82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate macroeconomic uncertainties and continue to grow [51] - The outlook for Q2 anticipates revenue of at least $682 million, reflecting a 17% year-over-year growth [51] - The company is optimistic about the open Internet's prospects following recent antitrust rulings against Google [19][70] Other Important Information - The company has no debt and ended the quarter with approximately $1.7 billion in cash and short-term investments [49] - A significant share repurchase program was executed, with $386 million of Class A common stock repurchased [50] Q&A Session Summary Question: Can you elaborate on the progress from product and go-to-market changes? - Management highlighted strong Q1 performance and noted that upgrades contributed to outperformance, with Kokai adoption ahead of schedule [56][60] Question: What are the implications of Google's antitrust verdict for DSPs? - Management believes the verdict will create a fairer market, allowing the company to compete more effectively against reduced competition from Google [65][70] Question: How does the company view Q2 guidance amid uncertainty? - Management remains optimistic, citing strong underlying business fundamentals and the ability to assist clients in navigating challenges [72][75] Question: How is the competitive landscape evolving, particularly with Amazon? - Management views Amazon's focus on Prime Video as a limitation, asserting that the company’s CTV growth is outpacing Amazon's advertising growth [80][82] Question: What progress is being made with OpenPath and expectations for the upfront? - Management anticipates a stronger performance for programmatic advertising during the upfronts, with ongoing improvements in OpenPath [90][92]

Financial Data and Key Metrics Changes - The company exceeded guidance in Q1 with a year-over-year revenue growth of 21%, up from 17% in the second half of the previous year, excluding the impact from a large DSP buyer and political advertising [5][27] - Adjusted EBITDA for Q1 was $8.5 million, representing a 13% margin, marking the thirty-sixth consecutive quarter of adjusted EBITDA profitability [32][34] - The company reported a GAAP net loss of $9.5 million, or -$0.20 per diluted share [34] Business Line Data and Key Metrics Changes - Omnichannel video revenues grew 20% year-over-year, accounting for 40% of total revenues, driven by strong CTV revenues which increased over 50% year-over-year [28] - Emerging revenue streams more than doubled year-over-year, with the Connect business continuing its rapid growth trajectory [29] - Display revenue declined 10% year-over-year, but excluding the large DSP buyer, all other display revenues grew over 20% year-over-year [29] Market Data and Key Metrics Changes - Ad spend for the top 10 ad verticals grew in the mid-single-digit percentages year-over-year, with health and fitness, food and drink, and style and fashion increasing over 10% [31] - The Americas and EMEA regions saw slight declines, while APAC grew over 8% year-over-year [32] Company Strategy and Development Direction - The company is focused on three guiding principles: anticipating shifts in advertising growth, closely managing costs, and aligning investments towards high-growth opportunities [11] - The company plans to leverage the anticipated shift from linear TV to streaming and expects increased spend consolidation as marketers seek greater efficiencies [12][14] - Investments in AI and generative AI are expected to drive growth and create efficiencies, with the launch of an end-to-end AI-powered platform [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current macroeconomic uncertainty, believing that digital advertising will emerge stronger post-recession [10][36] - The company anticipates continued growth in the second half of the year, with expectations of 15% plus growth in underlying business [39][40] - Management noted that advertisers are not currently pulling back on ad spend, and trends indicate a shift towards programmatic advertising [64][70] Other Important Information - The board of directors expanded the share repurchase plan by an additional $100 million, reflecting confidence in the company's strategy and financial profile [26] - The company has generated nearly $350 million in net cash from operations over the last four years, with $15.6 million in net cash provided by operating activities in the quarter [35] Q&A Session Summary Question: Update on Google antitrust ruling and its impact - Management indicated that the DOJ is assessing potential remedies, and the ruling has created opportunities for the company to gain market share as advertisers seek alternatives to Google [44][46] Question: Future of Supply Path Optimization (SPO) - Management believes SPO could reach as high as 75% of the business in the long term, with significant growth opportunities from existing relationships and new advertisers [48][49] Question: Trends with key DSP partner - Management noted stability in volumes with the key DSP partner, with expectations for solid performance in the second half of the year as they lap the impact of the DSP change [52][53] Question: Macro environment and ad spend outlook - Management observed that advertisers are scenario planning but are not pulling back on ad spend, with expectations for continued growth in CTV and other high-engagement formats [63][70] Question: Future roadmap for driving ROAS - Management outlined three key drivers for improving ROAS: leveraging first-party data, enhancing supply chain efficiency, and building performance solutions [84][87] Question: Breakdown of growth expectations - Management clarified that the anticipated 15% plus growth excludes the impact from the large DSP buyer and political advertising, with expectations for strong momentum in the second half of the year [89][90]

Financial Data and Key Metrics Changes - The company exceeded guidance in Q1 2025 on both revenue and adjusted EBITDA, with year-over-year revenue growth accelerating to 21%, up from 17% in the second half of the previous year [5][27] - Adjusted EBITDA for Q1 was $8.5 million, representing a 13% margin, marking the thirty-sixth consecutive quarter of adjusted EBITDA profitability [31] - The company reported a GAAP net loss of $9.5 million, or -$0.20 per diluted share [34] Business Line Data and Key Metrics Changes - Omnichannel video revenues grew 20% year over year, accounting for 40% of total revenues, driven by strong CTV revenues which increased over 50% year over year [28] - Emerging revenue streams more than doubled year over year, with the curation and data business, Connect, continuing its rapid growth trajectory [28][22] - Display revenue declined 10% year over year, but excluding the impact of a large DSP buyer, all other display revenues grew over 20% year over year [29] Market Data and Key Metrics Changes - Ad spend for the top 10 ad verticals grew in the mid-single-digit percentages year over year, with health and fitness, food and drink, and style and fashion increasing over 10% [30] - The Americas and EMEA regions saw slight declines, while APAC grew over 8% year over year [30] Company Strategy and Development Direction - The company is focused on three guiding principles: anticipating advertising growth shifts, closely managing costs, and aligning investments towards high-growth opportunities [10] - The company plans to leverage the anticipated shift from linear TV to streaming and the increased reliance on programmatic advertising [11][12] - Investments in AI and generative AI are expected to drive growth and create efficiencies, with the launch of a GenAI powered end-to-end platform [14][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current macroeconomic uncertainty, believing it creates opportunities for growth in digital advertising [9][36] - The company anticipates continued growth in the second half of the year, with expectations of 15% plus growth in underlying business [39] - Management highlighted the importance of maintaining strong relationships with customers and adapting to changes in ad spend behavior [9][66] Other Important Information - The board of directors expanded the share repurchase plan by an additional $100 million, reflecting confidence in the company's strategy and financial profile [26] - The company has generated nearly $350 million in net cash from operations over the last four years, with $15.6 million in net cash provided by operating activities in the quarter [35] Q&A Session Summary Question: Update on Google antitrust ruling and its impact - Management noted that the DOJ is assessing potential remedies and that the ruling has created a more competitive environment, allowing for potential market share gains for the company [43][45] Question: Future of Supply Path Optimization (SPO) - Management believes SPO could reach as high as 75% of the business in the long term, with significant growth opportunities from existing relationships and new advertisers [47][48] Question: Trends with key DSP partner - Management indicated stability with the key DSP partner, with expectations for solid performance in the second half of the year as they lap the impact of changes made last year [51][52] Question: Macro environment and ad spend outlook - Management observed that advertisers are scenario planning but are not currently pulling back on ad spend, with expectations for continued growth in CTV and other high-engagement formats [61][66] Question: Future roadmap for curation and data products - Management outlined three key drivers for improving return on ad spend: leveraging first-party data, enhancing supply chain efficiency, and building performance solutions [80][82]

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 ...

Azerion publishes Notice of Annual General Meeting 2025 Amsterdam, 8 May 2025 – Azerion Group N.V. has today published the Notice of Annual General Meeting 2025 (AGM), which will be held on 19 June 2025. The notice, agenda and accompanying explanatory notes, as well as the 2024 Annual Report and other relevant documentations have been published on our website www.azerion.com/agm/ The agenda of the AGM includes, amongst other proposals, the proposal to adopt the 2024 financial statements. Additional informa ...

Advertisers Can Now Benefit from Curated Pre-Screen Exclusion Lists across Google's Search Partner Network InventoryNEW YORK, May 8, 2025 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, today announced the launch of IAS Pre-Screen Brand Safety Solution for Search Partner Network (SPN). IAS will now drive performance and protection across SPN by providing advertisers with greater control over their advertising investments before their ads are s ...

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against AppLovin Corporation due to a class action lawsuit alleging breaches of fiduciary duties by the board of directors [1] Group 1: Allegations of Misconduct - The class action lawsuit claims that AppLovin misrepresented the effectiveness of its AXON 2.0 digital ad platform and AI technologies, suggesting they would enhance ad matching and expand into new markets [2] - It is alleged that AppLovin engaged in manipulative practices, including exploiting advertising data from Meta Platforms and implementing a "backdoor installation scheme" to inflate installation numbers and profit figures [2] - Reports from analysts on February 26, 2025, indicated that AppLovin was reverse engineering Meta's advertising data and using deceptive tactics to artificially boost ad click-through and app download rates, leading to a significant drop in share price by over 12% [3]

Core Insights - PubMatic has launched an upgraded buyer platform powered by generative AI, enhancing the media buying process from audience discovery to performance optimization [1][3] - The platform offers unique supply-path transparency and combines proprietary supply-side intelligence with AI-driven tools, addressing buyer demands for control and visibility [2][3] New Capabilities of the Upgraded Platform - AI-Driven Efficiency: Buyers can use natural language to describe campaign goals, leading to faster deal creation and optimized performance through built-in forecasting tools [4] - Unified Activation & Insights: The platform allows seamless activation of curated deals while providing real-time supply insights [4] - Omnichannel Scale: Access to premium inventory across various channels, enriched with audience data for better targeting [4] - Real-Time Optimization: Continuous monitoring of campaign performance with actionable insights to meet delivery goals [4] - Privacy-First Approach: Ensures compliance with privacy regulations while utilizing first-party data for targeted advertising [5] Industry Impact - The upgraded platform marks a significant evolution for PubMatic, transitioning from a traditional SSP to a comprehensive technology company in programmatic advertising [3] - Early adopters, such as GroupM, have reported significant improvements in campaign efficiency and ROI, indicating strong industry support for the new platform [5] - The platform also benefits publishers by maximizing yield and maintaining control over inventory quality, thus driving incremental revenue [5][6] Future Vision - PubMatic's buyer platform is positioned as a critical nexus for scaling partnerships and AI-driven innovation, enhancing collaboration across the advertising ecosystem [6] - The integration of real-time transaction data into deal workflows allows for precise targeting and measurement of business outcomes, representing the future of programmatic advertising [6]

Investor Presentation First Quarter 2025 May 2025 Forward-Looking Statements - Disclaimer Certain statements in this presentation are forward-looking statements, including our Q2 2025 and full-year 2025 guidance and our expectations for Realize, our new performance advertising platform. Forward-looking statements generally relate to future events including future financial or operating performance of Taboola.com Ltd. (the "Company"). In some cases, you can identify forward-looking statements by terminology ...

Core Insights - Taboola reported strong first-quarter results for 2025, exceeding guidance across all key metrics, indicating robust momentum in performance advertising [2][3] - The company aims to continue investing in growth areas, return capital through share repurchases, and solidify its position as a leader in performance advertising beyond search and social [2] Financial Performance - Revenues for Q1 2025 were $427 million, a 3% increase from Q1 2024, driven by a 9% growth in scaled advertisers, despite a 3% decline in average revenue per scaled advertiser [6][13] - Gross profit reached $119 million, up 10% year-over-year, with ex-TAC gross profit at $152 million, reflecting a 9% increase [6][13] - Adjusted EBITDA was $36 million, a significant increase of 53%, with adjusted EBITDA margins expanding to 23.7% from 16.9% [6][13] Guidance for Future Performance - For Q2 2025, Taboola expects revenues between $438 million and $458 million, and for the full year 2025, revenues are projected to be between $1.838 billion and $1.888 billion [3][14] - The company anticipates adjusted EBITDA for Q2 2025 to be between $38 million and $44 million, and for the full year, between $201 million and $209 million [3][15] Cash Flow and Financial Health - Cash flow from operating activities was $48 million, compared to $32 million in the previous year, with free cash flow at $36 million, up from $27 million [6][13] - The company reported a net loss of $8.8 million for Q1 2025, an improvement from a net loss of $26.2 million in Q1 2024 [6][13] Shareholder Returns - Taboola is committed to returning capital to shareholders through share repurchases, reflecting confidence in its long-term growth strategy [2][3]