Innovid Corp. (CTV) Misses Q1 EPS by 1c

Innovid Corp. (NYSE: CTV) reported Q1 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $30.5 million versus the consensus estimate of $29.1 million.

GUIDANCE:

Innovid Corp. sees Q2 2023 revenue of $31-33 million, versus the consensus of $31 million.

• Q2 2023 Revenue in a range between $31 million and $33 million.
• Q2 2023 Adjusted EBITDA* in a range between $0 and $2 million.
• FY 2023 Revenue slightly higher than FY 2022.
• FY 2023 Adjusted EBITDA* positive for the full year, Adjusted EBITDA margin* of at least 5% for the full year.

For earnings history and earnings-related data on Innovid Corp. (CTV) click here.

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