Core Insights - illumin Holdings Inc. reported a revenue of $38.2 million for Q3 2025, reflecting a 5% year-over-year increase, driven by a significant growth in Exchange service revenue, which more than doubled [1][5] - The company is transitioning to an outcomes-based platform approach, appointing a new Chief Revenue Officer to support this strategic shift [1][3] Financial Performance - Exchange service revenue increased to $20.5 million, showing a year-over-year growth of 103%, while Self service revenue was stable at $8.3 million, with a 15% increase for the quarter when adjusted for a client exit [5][8] - Managed service revenue decreased to $9.4 million due to broader market uncertainty affecting customer marketing spend [5][8] - Gross margin decreased to 38% from 47% in the previous year, attributed to a higher proportion of revenue from lower-margin service lines [5][8] - Net loss for the quarter was $2.1 million, compared to a loss of $1.1 million in Q3 2024, primarily due to lower Adjusted EBITDA and increased expenses [5][8] Strategic Initiatives - The company is focusing on scaling its Exchange and Self service offerings through innovation and sales execution, while also investing in product development to differentiate in a competitive market [7][8] - A new generative AI-powered Self service edition is expected to enhance customer adoption and spending, creating new opportunities for platform leverage [6][7] - Cost containment measures are being implemented to streamline operations and improve profitability as the company prepares for 2026 [6][8] Market Trends - The digital advertising market is shifting away from traditional demand-side platforms, with increasing demand for integrated outcomes-based solutions [4][6] - illumin is attracting new customers to its Exchange service as publishers seek alternatives to older supply-side platforms [4][6]

Core Insights - illumin Holdings Inc. reported a solid revenue growth of 13% year-over-year for Q2 2025, reaching $33.1 million, driven by strong performance in Exchange service revenue and steady growth in Self service revenue [3][4] Financial Performance - Revenue for Q2 2025 was $33.1 million, a 13% increase from $29.2 million in Q2 2024, with Exchange service revenue increasing by 114% to $13.0 million [4][19] - Self service revenue was $9.2 million, accounting for 28% of total revenue, reflecting a 5% increase compared to the previous year [4][19] - Managed service revenue decreased by 24% year-over-year to $10.9 million, attributed to challenges in new client acquisition and reduced spending from existing clients [4][19] - Gross margin stood at 43%, with net revenue (Gross Profit) of $14.4 million, up 3% from $14.0 million in the prior year [4][19] - Adjusted EBITDA showed a loss of $1.0 million, compared to a profit of $0.5 million in Q2 2024, primarily due to higher operating costs [4][19] - The net loss for the quarter was $5.8 million, compared to a loss of $1.0 million in Q2 2024, influenced by lower Adjusted EBITDA and a net foreign exchange loss [4][19] Strategic Initiatives - The company onboarded 31 new Self service clients during the quarter, indicating successful sales initiatives targeting higher-spend clients [3][4] - A new AI forecasting tool was launched for Self service customers, generating strong interest with over 60% of existing users testing it [4] - The company is implementing cost reduction and restructuring initiatives, including a 10% reduction in the North American workforce and a decrease in real estate footprint [5] Market Positioning - The company is focused on a clear product differentiation strategy and client acquisition, aiming to enhance profitability while navigating a shifting market [3][5] - The strong growth in Exchange service revenue is attributed to targeted investments in technology and sales, which have strengthened the company's competitive position [3][5]

Core Insights - illumin Holdings Inc. reported a 17% year-over-year increase in revenue for Q1 2025, reaching $29.1 million, driven primarily by a 148% surge in Exchange service revenue [3][4][6] - The company successfully onboarded 18 new Self-service clients, aligning with its strategy to attract higher-spend clients [3][4] - Despite revenue growth, the company experienced a net loss of $1.9 million, attributed to increased operating costs and a lower net foreign exchange gain [4][6] Financial Performance - Total revenue for Q1 2025 was $29.1 million, up from $24.95 million in Q1 2024 [4][17] - Exchange service revenue increased to $12.0 million, a 148% rise from the previous year, while Managed service revenue decreased to $8.7 million from $11.8 million [4][17] - Self-service revenue was $8.4 million, representing 29% of total revenue, showing slight year-over-year growth [4][17] Operational Highlights - Gross margin for Q1 2025 was 45%, down from 47% in the same period last year, reflecting a shift towards lower-margin services [4][17] - Adjusted EBITDA loss was $0.4 million, compared to a break-even result in Q1 2024, due to higher sales and marketing expenses [4][6] - The company maintained a strong cash position with cash and cash equivalents at $54.0 million as of March 31, 2025 [4][17] Strategic Initiatives - The company is focusing on a customer-centric portfolio platform approach, allowing clients to select their support options [3][4] - Continued investments in the Self-service platform and Exchange service are being balanced with liquidity and cost management efforts [3][4] - The company has initiated a normal course issuer bid (NCIB) to repurchase up to 3,914,167 common shares, representing approximately 10% of its public float [4]