Financial Performance - Q1 2025 revenue was $63.8 million, a decrease of 4% year-over-year[8] - Adjusted EBITDA for Q1 2025 was $8.5 million, representing a 13% margin[8] - Net loss for Q1 2025 was $(9.5) million[8] - Cash flow from operations was $15.6 million in Q1 2025[8] Growth & Strategy - CTV revenue grew by over 50% year-over-year in Q1 2025[22] - Supply Path Optimization (SPO) share of total activity on the platform increased to over 55% in Q1 2025, compared to over 35% in Q1 2023[24] - Excluding the impact from a DSP buyer and political spend, underlying year-over-year revenue growth accelerated to 21% in Q1 2025[30, 33] Future Outlook - Q2 2025 revenue is projected to be between $66 million and $70 million, representing a growth rate between -2% and 4% year-over-year[48] - Adjusted EBITDA for Q2 2025 is expected to be between $9 million and $12 million, with a margin of 14% to 17%[48] - Full year capex outlook reduced by more than 15% to approximately $15 million[48]