Tremor Video (TRMR) Misses Q4 EPS by 17c; Lowers Outlook

Tremor Video (NASDAQ: TRMR) reported Q4 EPS of $0.15, $0.17 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $107.7 million versus the consensus estimate of $103.15 million.

GUIDANCE:

Due to these uncertainties, management has lowered its full year 2023 Contribution ex-TAC and Adjusted EBITDA outlook and expects global advertising demand to remain constrained in H1 2023, and potentially longer, however does not anticipate advertising demand will weaken to the soft levels observed during late-2022, and earlier in 2023.

• Full year 2023 Contribution ex-TAC of approximately $400 million
• Full year 2023 Adjusted EBITDA in a range of approximately $140 – $145 million

For earnings history and earnings-related data on Tremor Video (TRMR) click here.

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