Core Insights - Rezolve Ai has acquired Reward for $230 million in an all-cash deal, aiming to innovate in AI-powered banking and commerce [1] - The acquisition combines Reward's customer engagement capabilities with Rezolve Ai's conversational commerce platform, enhancing the customer journey from discovery to transaction [1] - The partnership is positioned for global scalability, leveraging established relationships with banks and retailers across multiple regions [1] Company Overview - Reward is a leader in customer engagement and commerce media, having returned over $2.5 billion to customers and aiming to reach $4 billion by 2030 [1] - Rezolve Ai specializes in AI-powered solutions, focusing on customer engagement and operational efficiency, with its Brain Suite being the first enterprise AI platform for Agentic Commerce [1] Strategic Goals - The combined entity aims to create a unique AI-driven commerce platform that enhances customer experiences and drives measurable sales growth [1] - The acquisition is expected to accelerate international expansion, particularly in the Americas, by leveraging Rezolve Ai's existing market presence [1]

Core Insights - Fluent, Inc. has completed the sale of its Call Solutions subsidiary, Winopoly LLC, to InsureCo, LLC, to focus on its Commerce Media Solutions business [1] - The Commerce Media Solutions segment has experienced triple-digit compound annual revenue growth since its launch in Q1 2023, achieving a 98% year-over-year growth through the first three quarters of 2025 [2] - This segment now accounts for 40% of Fluent's consolidated enterprise revenue, up from 16% in Q3 2024, and has surpassed an annual revenue run rate of $85 million [2] Company Strategy - The divestiture of the non-core Call Solutions business is part of Fluent's strategy to concentrate resources on the rapidly growing Commerce Media Solutions [1][3] - The CEO of Fluent emphasized that this transformation aligns the company with market trends and enhances its ability to invest in a business that is delivering sustained growth and long-term value [3] Business Overview - Fluent, Inc. is a provider of commerce media solutions that connects brands with engaged consumers using exclusive ad inventory, first-party data, and proprietary machine learning [3] - Founded in 2010, Fluent leverages its expertise in performance marketing to drive monetization and enhance customer engagement across various touchpoints [3]

Core Insights - Fluent, Inc. has been recognized as one of the 2026 Ad Age Best Places to Work, marking its third consecutive year on this prestigious list, which highlights companies excelling in employee satisfaction, benefits, leadership, and workplace culture [1][2] Company Recognition - The recognition by Ad Age reflects the company's commitment to its employees and its ability to adapt to evolving business needs, showcasing the creativity and dedication of its team [2][4] - The 2026 Best Places to Work list was published on January 20, 2026, and includes profiles of the 50 winning companies [2][3] Industry Context - This year's winners were selected based on high numerical scores from employer-submitted questionnaires and confidential employee surveys, demonstrating their ability to lead during economic uncertainty and changing brand priorities [3] - The recognition highlights the importance of investing in employee growth, flexibility, and a supportive culture that enhances performance and retention [4] Company Overview - Fluent, Inc. is a commerce media solutions provider that connects brands with engaged consumers, utilizing exclusive ad inventory, first-party data, and proprietary machine learning to drive measurable results [6]

Financial Data and Key Metrics Changes - Total consolidated revenue for Q3 2025 was $47 million, down from $64.5 million in the prior year [14] - Commerce Media Solutions revenue grew 81% year-over-year to $18.8 million, compared to $10.4 million in Q3 2024 [14] - Media margin in Q3 was $12.8 million, representing 27.2% of revenue, compared to $18.2 million or 28.1% of revenue last year [15] - The company reported a net loss of $7.6 million in Q3 2025, compared to a net loss of $7.9 million in the prior year [17] - Adjusted EBITDA for Q3 2025 was a loss of $3.4 million, compared to a loss of $71,000 in Q3 2024 [17] Business Line Data and Key Metrics Changes - Commerce Media Solutions accounted for 40% of total revenue in Q3 2025, up from 16% in Q3 2024 and 4% in Q3 2023 [9][14] - Owned and operated marketplaces saw a decline of nearly 50% year-over-year [6] - Commerce Media Solutions' media margin was $4.6 million, or 25% of its revenue, compared to $3.5 million or 34% of revenue in Q3 2024 [16] Market Data and Key Metrics Changes - The company experienced advertiser pricing and budget pullbacks in late Q3, which continued into early Q4 [5][29] - The annual revenue run rate for Commerce Media Solutions surpassed $85 million as of September 30, 2025 [5][7] Company Strategy and Development Direction - The company is focused on establishing a leadership position in the commerce media industry, with expectations of double-digit revenue growth in 2026 [8][21] - The strategic pivot towards Commerce Media Solutions is expected to enhance profitability and revenue growth [8][20] - New partnerships with Databricks and Authentic Brands Group are seen as key drivers for growth [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging environment due to delays in onboarding new partners and advertiser budget pullbacks [4][5] - The company expects to achieve positive adjusted EBITDA in Q4 2025 and full-year adjusted EBITDA profitability in 2026 [18][21] - The convergence of owned and operated capabilities with Commerce Media is anticipated to create differentiated opportunities [9][13] Other Important Information - The company completed a $10.3 million equity raise, strengthening its balance sheet and providing capital for growth [7][18] - Total net long-term debt was reduced to $26 million as of September 30, 2025, down from $35.6 million at the end of 2024 [19] Q&A Session Summary Question: About the Rebuy partnership - The Rebuy partnership has shown strong early results, with over 1 million ad unit sessions in September, indicating rapid expansion [22][23] Question: Ad pullbacks in the Commerce Media segment - The pullbacks were primarily due to conservative budgeting by partners and specific industry issues affecting traditional advertisers [29][30] Question: Dynamics leading to stabilization in owned and operated business - Stabilization is attributed to the convergence strategy and the ability to bring in proprietary advertisers [48][49] Question: Expectations for Commerce Media Solutions margins - Margins are expected to improve as new solutions scale and initial incentives roll off [36][44] Question: Dick's Sporting Goods partnership - Dick's Sporting Goods became a client in September 2025 after previously selecting a competitor, indicating a significant win for the company [38][40]

Core Insights - Fluent, Inc. has been recognized on Crain's New York Business 2025 Best Places to Work list, reflecting its commitment to a thriving workplace culture [1][2] - The recognition is based on employee engagement, workplace culture, benefits, and professional development, assessed through confidential surveys and questionnaires [2][5] Company Culture - The CEO of Fluent emphasized that the company's growth and success are driven by its people, highlighting efforts to create a supportive and empowering environment [3] - Fluent promotes hybrid work flexibility and invests in employee well-being through mental health resources, mentorship programs, and flexible schedules [3][4] Industry Recognition - The Crain's New York Business Best Places to Work program is conducted in partnership with Best Companies Group, showcasing organizations that prioritize employee welfare as key to long-term success [5] - The recognition serves as a benchmark for workplace excellence across New York [5] Company Overview - Fluent, Inc. is a commerce media solutions provider that connects brands with engaged consumers, utilizing first-party data and proprietary machine learning to enhance revenue streams for partners [6] - Founded in 2010, Fluent specializes in performance marketing to drive monetization and engagement throughout the customer journey [6]

Core Viewpoint - Fluent, Inc. has announced a definitive agreement for the issuance and sale of 5,871,427 shares of common stock at an effective purchase price of $1.75 per share, aiming to raise approximately $10.3 million in gross proceeds to bolster its balance sheet and support growth plans [1][3]. Group 1: Private Placement Details - The private placement includes pre-funded warrants with an exercise price of $0.0005, which will be exercisable upon stockholder approval [1]. - The warrants have an exercise price of $2.21 per share and will be exercisable starting six months after issuance, expiring five years from the initial exercisability date [1]. - The offering is expected to close on or about August 19, 2025, subject to customary closing conditions [1]. Group 2: Financial Implications - The gross proceeds from the private placement are expected to be approximately $10.3 million, before deducting fees and expenses [3]. - If fully exercised, the additional gross proceeds from the warrants and pre-funded warrants could amount to approximately $13.0 million [3]. - The net proceeds from the private placement are intended for working capital and general corporate purposes [3]. Group 3: Company Overview - Fluent, Inc. is a leader in commerce media solutions, connecting brands with engaged consumers through exclusive ad inventory and first-party data [7]. - The company has experienced triple-digit growth in its Commerce Media Solutions business, attracting a growing list of world-class brands [2]. - Founded in 2010, Fluent leverages performance marketing expertise to drive monetization and enhance customer engagement [7].

Core Insights - Fluent, Inc. has expanded its partnership with Authentic Brands Group, enhancing its position as a post-purchase monetization partner for retailers [1][2] - Authentic Brands Group owns a portfolio generating over $32 billion in global annual retail sales, and the partnership aims to add millions of annual transactions to Fluent's network [2][3] Company Overview - Fluent, Inc. is a commerce media solutions provider that connects brands with engaged consumers, leveraging exclusive ad inventory and first-party data [5] - Founded in 2010, Fluent focuses on performance marketing to drive monetization and enhance customer engagement [5] Partnership Details - The expanded partnership will support post-purchase monetization for additional brands including Reebok, Vince Camuto, and Champion, among others [2][3] - Fluent's technology allows retail partners to deliver personalized offers that enhance customer experience without disrupting the purchasing process [3][4] Strategic Importance - The partnership is seen as a significant step in building a high-performance commerce media network, unlocking premium ad inventory for brands [3] - Authentic Brands Group recognizes Fluent's data-driven approach as a means to drive new revenue and improve customer experience [4]

Company Overview - Fluent, Inc. is a leader in commerce media, connecting top-tier brands with highly engaged consumers through exclusive ad inventory and robust first-party data [3] - The company utilizes proprietary machine learning to unlock additional revenue streams for partners and empower advertisers to acquire valuable customers at scale [3] - Founded in 2010, Fluent specializes in performance marketing to drive monetization and increase engagement throughout the customer journey [3] Upcoming Event - Don Patrick, the CEO of Fluent, will attend the 45th Annual Canaccord Genuity Growth Conference on August 13, 2025, at the InterContinental Boston [1] - Mr. Patrick will participate in a fireside chat at 12:00pm ET and will be available for one-on-one meetings throughout the day [1] Webcast Information - A live webcast of the fireside chat will be available at a specified link, with a replay accessible after the event [2]

Core Insights - Fluent, Inc. has announced the formation of its inaugural Board of Advisors to enhance its commerce media solutions and drive growth and innovation [1][10] - The Board will collaborate with Fluent's executive team to inform strategic decisions, improve brand partnerships, and identify new revenue opportunities in the commerce media sector [2][10] Board Composition - The Board of Advisors includes industry veterans with extensive experience in scaling businesses and digital transformation [3] - Notable members include: - Drew Cashmore, former architect of Walmart Connect, who scaled the business beyond $2 billion [4] - Charlie Cole, a two-time turnaround CEO with expertise in digital transformation and ecommerce [5] - Shawna Hausman, who led a 300% increase in revenue at FSA Store, contributing to its acquisition [6] - Jennifer Olsen, who increased market cap by 40% at Caleres and achieved a 100% revenue increase at UNTUCKit [7] - Brian Wong, a founding partner at Ascii Ventures and co-founder of Kiip, known for his innovative marketing strategies [9] Strategic Goals - The formation of the Board is part of Fluent's strategy to leverage industry expertise for market expansion and innovation in commerce media solutions [10] - Fluent has reported triple-digit year-over-year revenue growth in its unaudited Q4 results, indicating strong momentum in the commerce media space [10][12]

Group 1 - Fluent, Inc. will report its financial results for the First Quarter 2025 after the close of U.S. financial markets on May 15, 2025 [1] - A conference call to discuss the results will be held at 4:30 pm ET on the same day [1] - The conference call can be accessed by phone after registering online or via audio, and will also be webcast on Fluent's Investor Relations Page [2] Group 2 - Fluent, Inc. is a commerce media solutions provider that connects top-tier brands with highly engaged consumers [3] - The company leverages exclusive ad inventory, robust first-party data, and proprietary machine learning to unlock additional revenue streams for partners [3] - Founded in 2010, Fluent uses its expertise in performance marketing to drive monetization and increase engagement across the customer journey [3]