Financial Data and Key Metrics Changes - Total revenue for Q2 was $173 million, up 6% from 2024, with contribution ex TAC at $162 million, an increase of 10% [24] - Adjusted EBITDA grew 22% year over year to $54 million, reflecting a margin of 34%, compared to 30% last year [27] - Net income was $11 million for the quarter, compared to a net loss of $1 million for 2024 [26] Business Line Data and Key Metrics Changes - CTV contribution ex TAC was $72 million, up 14% year over year, or 15% excluding political contributions [24] - DV plus contribution ex TAC was $90 million, an increase of 8% from the second quarter last year [24] - Contribution ex TAC mix for Q2 was 44% CTV, 39% mobile, and 17% desktop [25] Market Data and Key Metrics Changes - The strongest performing verticals were technology, health and fitness, and financial, while the auto sector was the weakest [25] - The company is seeing significant growth in the commerce media space, with new partnerships including Western Union and PayPal [13] Company Strategy and Development Direction - The company is focused on expanding its CTV business through new partnerships and technology enhancements, particularly in programmatic advertising [7][10] - There is a strong emphasis on AI integration within the company's products to enhance targeting and inventory categorization [17][18] - The company is preparing for potential market share shifts due to the antitrust ruling against Google, which could benefit its DBplus business significantly [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of 2025, expecting growth rates to accelerate, particularly in CTV [21] - The overall ad spend environment appears less volatile, allowing the company to reinstate its full-year guidance [23][30] - Management remains cautious but confident in navigating the current environment, with a focus on strategic investments in growth areas [31][32] Other Important Information - The company reported a cash balance of $426 million at the end of Q2, with net leverage remaining at 0.6x [28] - Capital expenditures for the year are expected to be approximately $60 million, with a focus on transitioning to on-premises infrastructure [31] Q&A Session Summary Question: Can you discuss the recent partnerships and market momentum? - Management highlighted strong traction in the marketplace, particularly in CTV, and noted a modular approach to product offerings that has been successful [35] Question: What is the potential impact of the Google antitrust case? - Management indicated that while the specifics of the remedies are uncertain, they believe any changes will create a more level playing field that could benefit Magnite significantly [36][70] Question: What is driving the reiteration of the prior guidance? - Management noted that the ad spend market has stabilized more than initially feared, allowing for a more optimistic outlook [40][41] Question: How is the company positioned regarding AI developments? - Management discussed the integration of AI capabilities to enhance inventory discovery and targeting, which is expected to drive revenue growth [102] Question: What are the expectations for live sports contributions? - Management acknowledged that while live sports are still in early stages, there is significant potential for growth as more events transition to programmatic sales [54]

Financial Data and Key Metrics Changes - Total revenue for Q2 was $173 million, up 6% from 2024 [24] - Contribution ex TAC was $162 million, up 10%, exceeding the high end of guidance [24] - Adjusted EBITDA was $54 million, growing 22% with a margin of 34% compared to 30% last year [28][23] - Net income was $11 million for the quarter compared to a net loss of $1 million for 2024 [27] Business Line Data and Key Metrics Changes - CTV contribution ex TAC was $72 million, up 14% year over year or 15% excluding political [24] - DV plus contribution ex TAC was $90 million, an increase of 8% from the second quarter last year [24] - Contribution ex TAC mix for Q2 was 44% CTV, 39% mobile, and 17% desktop [25] Market Data and Key Metrics Changes - Significant growth came from partnerships with Roku, Netflix, LG, Warner Bros. Discovery, and Paramount [7] - The SMB segment is expected to explode over the next three to five years, driven by specialized DSPs [10] - The company is seeing share gains in DV plus from some of the largest DSPs [13] Company Strategy and Development Direction - The company is focused on deepening partnerships with major agency HoldCo's and expanding its CTV technology [10][12] - Continued investment in live TV, Clearline, and Curation offerings is planned as these areas represent attractive growth opportunities [21] - The company is preparing for potential outcomes from the antitrust ruling against Google, which could shift market share [19][20] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic downsides were not as pronounced as initially feared, leading to stronger than expected growth [23] - The company expects growth rates to accelerate in the second half of 2025, particularly in CTV ex political [21] - Management remains cautious with Q3 and full year expectations but is optimistic about the overall ad spend environment stabilizing [30] Other Important Information - The company is developing AI capabilities as a core product focus, including audience discovery and inventory categorization [16][17] - The cash balance at the end of Q2 was $426 million, with plans to pay off convertible notes at maturity [29] - The company intends to continue its share repurchase program, with $88 million remaining [30] Q&A Session Summary Question: Can you discuss the broader momentum and new partnerships? - Management highlighted the traction in the marketplace, particularly in CTV, and the success of their modular product approach [36] Question: What is the base case regarding the Google antitrust case? - Management stated that it is difficult to predict outcomes until remedies are ruled by the judge, but they see merit in potential civil actions [37] Question: What is driving the reiteration of the prior guidance? - Management noted that the ad spend market has stabilized, leading to comfort in reiterating full year expectations [40][41] Question: How do you view the impact of AI on your business? - Management expressed confidence that AI tools will enhance inventory discovery and targeting, leading to increased revenue [102] Question: What is the outlook for live sports contribution? - Management indicated that while it is still early, they are optimistic about the potential contributions from live sports partnerships [53] Question: How is Magnite positioned with platform companies? - Management noted that there is a realization among platform owners that they are under-monetizing inventory without third-party demand [58] Question: What are the implications of the Google antitrust ruling? - Management believes that any remedies resulting in a more level playing field will be beneficial for their business and could shift market share [20][21]

Core Viewpoint - The Trade Desk, Inc. (TTD) is set to report its Q2 2025 results on August 7, with expectations of a 17% year-over-year revenue increase to approximately $684.46 million, alongside an earnings estimate of 42 cents per share, up from 39 cents in the prior year quarter [1][2]. Financial Performance - The Zacks Consensus Estimate for TTD's Q2 earnings is 42 cents, unchanged over the past 60 days, with total revenues expected to reach $684.46 million, reflecting a 17.1% increase year-over-year [1][12]. - TTD's revenues are projected to be at least $682 million, indicating a 17% year-over-year growth, which includes the impact of political ad spending from the previous year [2]. Earnings Surprise History - TTD has consistently beaten the Zacks Consensus Estimate for earnings in the last four quarters, with an average earnings surprise of 11.14% [3]. Market Position and Strategy - TTD is focusing on increasing digital spending in areas like Connected TV (CTV), which represented a significant portion of its business, and is seen as a key driver for revenue growth [6][8]. - The company is capitalizing on the shift from linear to programmatic CTV, positioning it as a central element of its growth strategy [6][8]. - TTD's Kokai platform is gaining traction, with two-thirds of clients already using it, leading to improved performance metrics such as a 24% lower cost per conversion [8][9]. Competitive Landscape - The digital advertising industry remains highly competitive, with major players like Alphabet and Amazon posing challenges to TTD's market positioning [11][16]. - TTD's stock has underperformed compared to its peers, with a 25.2% decline over the past six months, contrasting with the performance of the broader Internet Services industry and the S&P 500 [12][16]. Valuation Metrics - TTD's stock is trading at a premium, with a forward 12-month Price/Sales ratio of 13.52X, significantly higher than the industry average of 5.3X [19].

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Q2 2025 Highlights & Supplemental Information August 6, 2025 Certain statements in this presentation are forward-looking statements, including our Q3 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 such as "may", "should", "exp ...

Core Insights - Taboola reported strong second quarter results for 2025, exceeding guidance across key metrics and raising full-year guidance [2][3] - The company has repurchased nearly 12% of its shares in the first half of the year, reflecting confidence in its business and long-term vision [2] - Taboola is experiencing early traction with its new performance advertising platform, Realize, indicating potential for future growth [2] Financial Performance - Revenues for Q2 2025 reached $465.5 million, an increase of 8.7% compared to $428.2 million in Q2 2024 [6][16] - Gross profit for Q2 2025 was $135.6 million, up 18.2% from $114.8 million in Q2 2024 [6][16] - Adjusted EBITDA for Q2 2025 was $45.2 million, a 21.3% increase from $37.2 million in Q2 2024 [6][16] - The net loss remained flat at $(4.3) million for both Q2 2025 and Q2 2024 [6][16] Guidance - For Q3 2025, Taboola expects revenues between $461 million and $469 million, and for the full year 2025, revenues are projected at $1.888 billion [3][18] - The company anticipates gross profit for Q3 2025 to be between $127 million and $133 million, and for the full year 2025, gross profit is expected to be between $541 million and $555 million [3][18] - Adjusted EBITDA guidance for Q3 2025 is set between $43 million and $48 million, with full-year guidance between $208 million and $214 million [3][18] Cash Flow and Investments - Cash flow from operating activities for Q2 2025 was $47.4 million, compared to $38.8 million in Q2 2024 [6][16] - Free cash flow for Q2 2025 was $34.2 million, up from $26.2 million in Q2 2024 [6][16] - The company has shown strong collections and lower publisher prepayments contributing to improved cash flow [6][16] Shareholder Returns - The company has aggressively continued its share buyback program, indicating a commitment to returning value to shareholders [2][3] - The weighted-average shares used in computing diluted EPS for Q2 2025 were 313,572,282, compared to 342,566,112 for Q2 2024 [17]

Financial Data and Key Metrics Changes - Consolidated revenue for Q2 2025 was $10.1 million, a decrease of $11.7 million compared to $21.9 million in Q2 2024 [12] - Sell side revenue was $2.5 million in Q2 2025, down from $14.3 million in 2024, primarily due to a decrease in impression inventory caused by a business disruption in May 2024 [12][13] - Buy side revenue increased slightly to $7.7 million from $7.6 million in 2024, indicating a modest recovery [13] - Gross margin improved to 35% in Q2 2025 from 27% in 2024, attributed to a higher proportion of buy side revenue [13] - Operating expenses decreased by 25% to $6 million compared to $8 million in the same period last year [13] - Net loss for Q2 2025 was $4.2 million, or $0.23 per share, compared to a net loss of $3.1 million, or $0.16 per share, in Q2 2024 [15] Business Line Data and Key Metrics Changes - The buy side segment showed modest year-over-year growth, contributing to improved gross profit margins of 35% [6] - The sell side business is in recovery, with efforts to restore relationships that were paused in May 2024 [6][7] - Colossus Connections, launched in 2024, is performing well with several mid and top-tier DSP partners nearing integration completion [8][17] Market Data and Key Metrics Changes - The company is experiencing a recovery in the sell side business, which historically drove significant revenue growth [7] - The integration of DSP partners is taking longer than anticipated, influenced by macroeconomic conditions [21][22] Company Strategy and Development Direction - The company is focused on rebuilding and growing its business back to historical revenue levels and profitability [5] - A revenue diversification strategy is being executed to enhance growth, particularly in the buy side segment [6] - Direct Connections are prioritized for the sell side segment to drive revenue recovery [7] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding revenue guidance due to macroeconomic uncertainties and integration timing [10][21] - The company expects a strong second half of the year driven by enhanced buy side activity and the ongoing recovery of the sell side business [16] - There is an emphasis on cost savings initiatives, with a 25% reduction in total operating expenses [10][14] Other Important Information - The company ended the quarter with cash and cash equivalents of $1.6 million, up from $1.4 million at the end of 2024 [16] - Total cash plus accounts receivable was $5.5 million, down from $6.4 million at year-end 2024 [16] Q&A Session Summary Question: Revenue outlook and integration delays - Management indicated that both macroeconomic issues and integration delays contributed to the decision to adjust revenue guidance for the second half of the year [21][22] Question: Impact of key client on guidance - Management clarified that the loss of business from a key client did not significantly impact the decision to revise guidance, as direct connections were being prioritized [30][31] Question: Revenue uplift from direct connections - Management stated that leveraging direct connections typically results in a 5% to 10% revenue uplift compared to traditional exchanges [32][33] Question: Competitive advantage of direct connections - Management noted that having direct connections helps reduce transaction costs and has been beneficial in securing partnerships with large agencies [35]

Market Opportunity - The near-term market opportunity for Performance TV (PTV) is approaching $120 billion[9, 10, 11] - The U S total advertising market is valued at $399 billion with a CAGR of 6 8% from 2025-2027[13] - The U S performance advertising market is valued at $285 billion with a CAGR of 9 7% from 2025-2027[15] - The U S TV advertising market is valued at $84 billion with a CAGR of 1 1% from 2025-2027[17] Customer Acquisition and Performance - 97% of MNTN's customers had never advertised on TV before[22] - MNTN experienced an 85% increase in active customers for the quarter ended June 30, 2025, compared to the quarter ended June 30, 2024[23] - Tarte's campaigns with MNTN generated 69% more Verified Visits and decreased cost per visit by 34% in 2024 compared to 2023[151] Financial Performance - MNTN's revenue for 2024 was $226 million[97] - MNTN's Adjusted EBITDA for 2024 was $39 million[99] - MNTN's Q2 2025 total revenue was $68 5 million, a 25% total growth[103, 104] - MNTN's Q2 2025 Adjusted EBITDA was $14 5 million, a 92% YoY increase[103]

Core Insights - Direct Digital Holdings reported a sequential revenue increase of 24% in Q2 2025, driven by growth in both sell-side and buy-side businesses compared to Q1 2025 [1][2] - The company achieved a consolidated gross margin improvement to 35% in Q2 2025, up from 29% in Q1 2025 [1] - Operating expenses were reduced by 25% in Q2 2025 compared to Q2 2024, reflecting strategic cost-saving initiatives [1][2] Financial Performance - Total revenue for Q2 2025 was $10.1 million, a decrease of 54% compared to $21.9 million in Q2 2024, but an increase of 24% from Q1 2025 [7][19] - Sell-side advertising segment revenue was $2.5 million, down 83% from $14.3 million in Q2 2024, primarily due to a decrease in impression inventory [7][19] - Buy-side advertising segment revenue was $7.7 million, slightly up from $7.6 million in the same period of 2024 [7][19] Operational Highlights - The company processed approximately 182 billion average monthly impressions through the sell-side advertising segment [7] - The number of sell-side advertisers increased over 30% compared to Q2 2024 [7] - The average number of sell-side media properties was 30,000 per month in Q2 2025, reflecting a 5% increase compared to Q2 2024 [7] Cost Management - Operating expenses for Q2 2025 were $6.0 million, down from $8.0 million in Q2 2024, driven by decreased payroll costs and cost-saving measures [7][19] - The operating loss for Q2 2025 was $2.4 million, compared to an operating loss of $2.1 million in the prior year period, but improved from a loss of $3.9 million in Q1 2025 [7][19] Cash Position - As of June 30, 2025, the company held cash and cash equivalents of $1.6 million, an increase from $1.4 million as of December 31, 2024 [7][18]

MercadoLibre, Inc. MELI released its second-quarter results after Monday's closing bell. Here's a look at the key details from the report.  MELI stock is down after-hours. Track it now here.The Details: MercadoLibre reported quarterly earnings of $10.31 per share which missed the analyst consensus estimate of $12. Quarterly revenue came in at $6.79 billion, which beat the Street estimate of $6.55 billion and is up from $5.07 billion from the same period last year.Read Next: Opendoor Stock Soars As It Dodges ...