AdTheorent Holding Company, Inc. (ADTH) Misses Q1 EPS by 2c
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AdTheorent Holding Company, Inc. Reports First Quarter 2023 Results and Reaffirms Full-Year 2023 Outlook
May 9, 2023 4:05 PM EDTNEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- AdTheorent Holding Company, Inc. (Nasdaq: ADTH) (AdTheorent or the Company), a programmatic digital advertising leader using advanced machine learning technology and privacy-forward solutions to deliver real-world value for advertisers and marketers, today announced its first quarter 2023 financial results.
First Quarter 2023 Financial Overview, year-over-year:
Revenue was $32.7 million, a 4.6% decrease compared to $34.2 million in first quarter 2022.Gross profit was $14.3 million, down 13.2%, from $16.5 million in first quarter 2022. Gross Profit Margin was 43.7%, compared to 48.1% in first quarter 2022.Adjusted Gross Profit* decreased $2.1... More