Financial Data and Key Metrics Changes - Total revenue increased by 16% to $149 million, exceeding prior expectations due to higher spending on social measurement offerings and optimization products [24] - Adjusted EBITDA increased by 12% to $52 million, maintaining a 35% margin, driven by higher revenue [30] - Net income for the second quarter was $16 million, or $0.10 per share, compared to $8 million, or $0.05 per share in the prior year [30] Business Line Data and Key Metrics Changes - Optimization revenue grew by 16% to $68 million, benefiting from the industry's shift towards performance products [24] - Measurement revenue increased by 8% to $57 million, with social media revenue growing by 22%, representing 60% of measurement revenue [25] - Publisher revenue rose by 36% to $24 million, representing 16% of total revenue, driven by new CTV products and OEM partnerships [26] Market Data and Key Metrics Changes - International revenue grew by 8% to $43 million, representing 30% of total revenue, with 45% of measurement revenue coming from outside The Americas [27] - The company continues to see strong demand in EMEA and APAC, particularly in social optimization and CTV products [58] Company Strategy and Development Direction - The company is focused on expanding its AI infrastructure to enhance customer relationships and drive demand in the evolving AI landscape [6] - Strategic partnerships with major broadcasters and technology companies are being pursued to enhance product offerings and market reach [15][20] - The company is investing in new capabilities, including GenAI, to accelerate activation and deliver actionable insights [17] Management's Comments on Operating Environment and Future Outlook - Management raised the full-year outlook based on positive second-quarter performance, expecting continued growth in the advertising environment [32] - The company anticipates maintaining gross margins in the range of 77% to 79% for the full year [34] - Management expressed confidence in the ongoing strength of the Oracle business and the adoption of optimization solutions [40] Other Important Information - The company received the first ethical artificial intelligence certification from the Alliance for Audited Media, highlighting its commitment to responsible AI use [20] - The company appointed a new CFO, Alpanna Wagner, who brings over 25 years of financial leadership experience [21] Q&A Session Summary Question: Progress on onboarding Oracle customers - Management noted strong momentum with Oracle customers, with a focus on cross-selling and upselling optimization solutions [39] Question: Critical mass for social optimization adoption - Management indicated that they are seeing significant adoption of pre-bid social optimization, particularly in EMEA, and highlighted a new partnership with Meta for Threads [44] Question: Drivers of growth in the Publisher segment - Management attributed the 36% growth in the Publisher segment to expanding OEM partnerships and the adoption of new CTV products [52] Question: Guidance for Q3 across business lines - Management expects measurement to grow in the high single digits, optimization in the mid-teens, and strong double-digit growth in the Publisher segment [56] Question: Volatility in measurement and optimization segments - Management acknowledged the volatility but emphasized the overall strength and growth across all business lines, particularly in social and CTV [65] Question: Drivers of optimization average CPM growth - Management explained that optimization pricing increased by 10% year over year due to the adoption of QSP, despite a deceleration in optimization volumes [69] Question: Advertiser adoption of Meta optimization products - Management reported that the number of brands adopting Prebid Social on Meta has more than doubled, with significant international adoption [71]

Financial Data and Key Metrics Changes - Revenue in Q4 2024 increased 14% to $153 million, with a 40% adjusted EBITDA margin [6][37] - Full year 2024 revenue grew 12% to $530.1 million, achieving a 36% adjusted EBITDA margin [6][38] - Adjusted EBITDA for Q4 increased 29% to $61.4 million, with a margin increase from 35% to 40% year-over-year [44][49] - Net income for Q4 was $15.3 million or $0.09 per share, compared to $10.2 million or $0.06 per share in Q4 2023 [45][49] Business Line Data and Key Metrics Changes - Optimization revenue grew 11% to $70.6 million in Q4 [39] - Measurement revenue increased 12% to $59.1 million, with social media revenue growth at 25% [40] - Publisher revenue rose 30% to $23.4 million, driven by new product adoption and increased political spend [41] - International revenue grew 13% to $49 million, representing 32% of total revenue [42] Market Data and Key Metrics Changes - 32% of Q4 revenue came from markets outside of the Americas, with 45% of measurement revenue from international sources [17][42] - The US CTV market is projected to exceed $47 billion by 2028, indicating significant growth potential [15] Company Strategy and Development Direction - The company aims for continued double-digit growth in 2025, focusing on performance, reach expansion, and innovation [7][27] - Plans to expand into China and enhance operations in key APAC markets, unlocking significant digital ad spend opportunities [18][69] - The introduction of new capabilities in measurement and optimization products is expected to drive future growth [7][27] Management's Comments on Operating Environment and Future Outlook - Management noted a positive impact from political spending on the publisher side, while advertiser spending improved in retail and CPG sectors [104] - The shift towards real-time bidding in CTV is viewed as a tailwind for the business, with strong growth in publisher performance [105][106] - The company expects to deliver double-digit profitable growth in 2025, supported by ongoing investments in differentiated products [33][50] Other Important Information - The appointment of Jill Puttman as interim CFO was announced, bringing extensive finance experience to the role [34][83] - The company reduced long-term debt by $30 million to $35 million during the quarter [46] Q&A Session Summary Question: Impact of political spending and CTV shift - Political spending had limited impact on advertiser business but benefited the publisher side, with strong growth in retail and CPG [104] - The shift to real-time bidding in CTV is seen as beneficial, with a 30% year-over-year growth in the segment [105][106] Question: Pricing dynamics and measurement growth - The company experienced competitive pricing dynamics during RFPs, with strong adoption of total media quality (TMQ) across social platforms [110][111] - The pre-bid product on Meta has shown a 71% reduction in wasted ad spend, indicating strong early adoption [115] Question: Long-term visibility with pre-bid and post-bid products - The focus on performance and linking media quality signals with cost data enhances revenue forecasting and visibility [124][125] - The company is seeing strong adoption of pre-bid products, which is expected to improve overall business visibility [124] Question: Growth outlook by segment - Total advertiser revenue is expected to have double-digit growth, with measurement anticipated to see single-digit growth initially [128]