Innovid Corp. (CTV) Misses Q1 EPS by 2c ; Provides Outlook

Innovid Corp. (NYSE: CTV) reported Q1 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $36.7 million versus the consensus estimate of $35.17 million.

GUIDANCE:

Innovid Corp. sees Q2 2024 revenue of $37.5-39.5 million, versus the consensus of $38.3 million.

Q2 2024 Adjusted EBITDA* in a range between $5.0 million and $6.0 million.
FY 2024 revenue in a range between $156 million and $163 million, representing annual growth of between 12% and 17%. This reflects an increase from prior guidance of $154 million and $162 million.
FY 2024 Adjusted EBITDA* in a range between $24 million and $29 million, raised from the prior range of $22 million and $28 million.

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

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