Innovid Corp

Innovid Corp.engages in developing software platform that provides critical technology infrastructure for the creation, delivery, and measurement of TV ads. The company was founded in 2007 and is headquartered in New York, NY.

Earnings data Q4 2021

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Earnings data Q2 2024

Earnings data Q3 2024

Innovid Corp (CTV) reports robust Q4 growth amidst market challenges

Innovid Corp (CTV) delivered strong financial performance in Q4 2022, driven by CTV growth and strategic initiatives.
While facing challenges in certain verticals and market uncertainties, the company remains well-positioned to capitalize on opportunities in the evolving landscape.
With a focus on measurement, market neutrality, and adaptability, Innovid is poised to navigate market dynamics and drive sustainable growth.
The company's positive outlook for 2023 and emphasis on revenue diversification underscore its resilience and strategic vision for the future.

Innovid Corp (CTV) reports robust Q1 growth and strategic partnerships

Innovid Corp (CTV) delivered a strong Q1 performance, capitalizing on the shift to CTV with revenue growth and improved EBITDA. Strategic partnerships and core client growth are key drivers of success.
While facing challenges in certain sectors, Innovid's focus on innovation and market leadership in CTV advertising presents opportunities for sustained growth and expansion.
Overall, the company remains confident in its position as a technology infrastructure leader for TV advertising, poised for further success in the evolving landscape.

Innovid Corp surpasses Q2 guidance, eyes growth through AI innovation

Innovid Corp's Q2 performance exceeded expectations, driven by CTV and measurement growth, showcasing a solid quarter with key client wins. The company's strategic investments in AI, automation, and talent aim to drive future growth and enhance operational efficiency.

Innovid Corp surpasses Q3 guidance, eyes sustainable profitability and growth

Innovid Corp's Q3 performance exceeded expectations, driven by strong CTV revenue growth and new customer wins. While challenges like net losses persist, the company is focused on sustainable profitability and enhancing ad optimization capabilities. Investors have an opportunity to learn more about Innovid's future direction at the upcoming Investor Day.

Innovid Corp reports record Q4 revenue and eyes CTV growth

Innovid Corp's strong Q4 performance, focus on innovation, and commitment to expanding margins position it well for growth in the CTV advertising space.
While challenges like market competition and maintaining growth exist, opportunities in CTV adoption trends and ecosystem enhancement offer avenues for continued success.
By leveraging its unique technology, attracting top advertisers, and staying ahead in product releases, Innovid aims to drive industry success and achieve significant growth in 2024.

Innovid Corp excels in Q1 2024, launches Harmony initiative

Innovid Corp's Q1 2024 performance reflects strong revenue growth, positive free cash flow, and strategic client wins and expansions.
The Harmony initiative and product suite demonstrate the company's commitment to optimizing the CTV advertising ecosystem for long-term growth.
While facing challenges in immediate commercial impact and competitive pressures, Innovid's focus on innovation and value creation presents opportunities for sustained growth and market leadership.

Innovid Corp (CTV) reports strong Q2 performance and strategic partnerships

Innovid Corp (CTV) delivered robust financial results, showcased innovation through the Harmony initiative, and secured key partnerships and customer wins. While facing potential challenges from competition and growth management, the company is well-positioned to capitalize on opportunities in the evolving CTV advertising landscape.

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Innovid Corp. engages in the operation of a software platform of technology infrastructure for the creation, delivery, and measurement of TV/video ads across CTV, linear TV, and mobile and desktop TV environments. The company was founded by Zvika Netter and Tal Chalozin in 2007 and is headquartered in New York, NY.

Innovid Corp. (CTV) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.03 per share a year ago.

Innovid Corp. (CTV) Reports Q4 Loss, Tops Revenue Estimates

Company exceeds both revenue and Adjusted EBITDA guidance for Q4 and full year 2023 Q4 revenue grew to $38.6 million, up 15% year-over-year Q4 net loss improved to $1.7 million and Adjusted EBITDA* more than doubled to $8.3 million, representing a 21% Adjusted EBITDA margin* Full-year 2023 operating cash flow of $12.4 million and free cash flow* of $1.4 million NEW YORK , Feb. 27, 2024 /PRNewswire/ -- Innovid Corp. (NYSE: CTV) (the "Company"), an independent platform for the creation, delivery, measurement, and optimization of advertising across connected TV (CTV), linear TV, and digital, today announced financial results for the fourth fiscal quarter and full year ended December 31, 2023. "We're very proud to close out a transformational year at Innovid and exit 2023 with solid business momentum.

Innovid Reports Q4 and Fiscal Year 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Innovid (NYSE: CTV), an independent platform for the creation, delivery, measurement, and optimization of advertising across connected TV (CTV), linear TV, and digital, today announced the availability of publisher-level outcomes analysis for all DSP and SSP campaigns. The first-of-its-kind offering helps brands and agencies break down silos inherent in DSP and SSP reporting to understand, assess, and compare performance across all of their media buys through a granul.

Innovid the First to Provide Granular Outcomes Measurement Across All DSP & SSP Ad Buys

NEW YORK--(BUSINESS WIRE)--Innovid (NYSE: CTV), an independent platform for the creation, delivery, measurement, and optimization of advertising across connected TV (CTV), linear TV, and digital, today announced industry-wide availability of the latest self-service feature within its CTV Composer authoring tool. For the first time ever, brands and publishers can create interactive CTV experiences in-house, at scale, for live streaming events. With live events increasingly migrating to streaming.

Innovid the First to Enable Self-Service Creation of Interactive CTV Ad Experiences for Live Streaming Events at Scale

NEW YORK--(BUSINESS WIRE)--Innovid (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, connected TV, and digital, today announced that it will release fourth quarter and full year 2023 financial results before the market open on Tuesday, February 27, 2024. The Company will host a conference call to discuss its results at 8:30 a.m. ET that same day. Zvika Netter, Co-founder and Chief Executive Officer, and Anthony Cal.

Innovid to Release Fourth Quarter & Full Year 2023 Financial Results on February 27th

Former Cardlytics CMO Joins Innovid to Drive Global Marketing Efforts NEW YORK , Dec. 18, 2023 /PRNewswire/ --  Innovid  (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, connected TV, and digital, today announced the hire of Dani Cushion as Chief Marketing Officer (CMO). Based in Atlanta, she will report to Dave Helmreich, Chief Commercial Officer.

Innovid Names Dani Cushion as Chief Marketing Officer

NEW YORK , Dec. 7, 2023 /PRNewswire/ -- Innovid Corp. (NYSE:CTV) (the "Company"), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV, and digital, today announced that management will participate in the following investor conferences: Seaport Digital Media & Advertising Conference When: Monday, Dec. 11, 2023 Fireside Chat: 12:00 p.m. ET Where: Virtual Needham & Company Growth Conference When: Thursday, Jan. 18, 2024 Fireside Chat: 8:45 a.m.

Innovid to Present at Upcoming Investor Conferences

Innovid Corp. (NYSE:CTV ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Brinlea Johnson – Investor Relations Zvika Netter – Co-Founder and Chief Executive Officer Anthony Callini – Chief Financial Officer Conference Call Participants Aaron Samuels – Susquehanna Shweta Khajuria – Evercore ISI Shyam Patil – Susquehanna Operator Greetings, and welcome to Innovid Q3 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Innovid Corp. (CTV) Q3 2023 Earnings Call Transcript

Q3 revenue increased to $36.2 million, up 5% year-over-year CTV revenue from Ad Serving and Personalization, up 9% year-over-year Company raises full year 2023 guidance NEW YORK , Nov. 8, 2023 /PRNewswire/ -- Innovid Corp. (NYSE:CTV) (the "Company"), an independent advertising platform for delivery, personalization, and measurement of converged TV across linear, connected TV (CTV), and digital, today announced financial results for the third fiscal quarter ended September 30, 2023. "I am pleased to report we delivered a strong third quarter - exceeding our prior guidance for both revenue and Adjusted EBITDA*, positioning us to raise our full year guidance," said Zvika Netter, Co-Founder and CEO.

Innovid Reports Q3 2023 Financial Results

Former Stackline Executive to Spearhead Enterprise Sales Division for Independent Converged TV Advertising Platform NEW YORK , Nov. 2, 2023 /PRNewswire/ --  Innovid  (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV, and digital, today announced the hire of Alex Rowe as Senior Vice President (SVP) of Enterprise Sales. Based in Seattle, Rowe will report to Tim Braz, Executive Vice President of Global Sales.

Innovid Names Alex Rowe as Senior Vice President of Enterprise Sales

-       Preliminary Q3 Revenue of $36M, Above the High End of Guidance-       Anthony Callini Named New Chief Financial Officer-       Innovid to Release Third Quarter 2023 Results on Wednesday, November 8 NEW YORK , Oct. 16, 2023 /PRNewswire/ -- Innovid (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV, and digital, today announced the appointment of Anthony Callini as Chief Financial Officer, effective today, while Tanya Adreev-Kaspin, who will be leaving Innovid to pursue other opportunities, will remain for a transition period of six months. The Company also reported positive preliminary unaudited third quarter 2023 revenue of approximately $36 million, exceeding the high end of its previously provided revenue guidance of $33 million to $35 million.

Innovid Appoints New CFO and Announces Preliminary Unaudited Q3 2023 Revenue Exceeding Guidance

NEW YORK , Oct. 12, 2023 /PRNewswire/ --  Innovid (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV, and digital, today announced it will be hosting an Investor Day on Thursday, Nov. 30, 2023, at @Ease, 1345 Avenue of the Americas in New York City beginning at 2:00 p.m Eastern Time until approximately 5:00 p.m. Eastern Time.

Innovid to Host Investor Day in New York on Nov. 30, 2023

Innovid operates an ad platform and measurement service that is slowly growing revenue despite softness in the ad market. CTV has plenty of cash to sustain a few more rough quarters and is trading at a 22% discount to book value. Goodwill is a potential concern, but insiders have been buying the stock since May.

Innovid: A TV Measurement Disruption Play

As the Majority of Advertisers Plan to Increase Converged TV Spend, Innovid Closes the Gap Between TV Measurement and Campaign Optimization Using InnovidXP Measurement, Marketers Can Now Instantly Optimize Ads in Real-Time NEW YORK , Oct. 10, 2023 /PRNewswire/ --  Innovid  (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV, and digital, today announced the launch of Instant Optimization, a machine-learning solution that empowers converged TV marketers with the ability to immediately optimize ad performance in flight. Instant Optimization provides the essential technology to automatically adjust which ad is seen, championing top-converting ads in real-time and improving performance across streaming and digital channels.

Innovid Launches Instant Optimization to Maximize Converged TV Campaign Performance Automatically

New Innovid Study Reveals Disconnect Between Measurement & Optimization Across Converged TV, Resulting in Business Impact NEW YORK , Sept. 27, 2023 /PRNewswire/ -- Although the majority of marketers (56%) spend more than half of their time optimizing converged TV ad performance, only 40% believe their ad optimization practices are "very good.

Majority of Advertisers Spend More than Half of Their Time Optimizing Converged TV Ad Performance & Still Fall Short

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Former Smartly.io Global Chief Sales Officer to Lead Strategic Client & Sales Function for Converged TV Advertising Platform NEW YORK , Aug. 30, 2023 /PRNewswire/ -- Innovid  (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV, and digital, today announced the hire of Sarah Ripmaster as Senior Vice President, Strategic Accounts. Based in Chicago, she will report to Tim Braz, Executive Vice President, Global Sales.

Innovid Names Sarah Ripmaster as SVP, Strategic Accounts

Innovid Corp. (NYSE:CTV ) Q2 2023 Results Conference Call August 8, 2023 8:30 AM ET Company Participants Brinlea Johnson - IR Zvika Netter - Co-Founder and CEO Tanya Andreev-Kaspin - CFO Conference Call Participants Jared Pomerantz - Susquehanna Matthew Condon - JMP Securities Shweta Khajuria - Evercore ISI Laura Martin - Needham Operator Good day, ladies and gentlemen, and welcome to the Innovid Second Quarter 2023 Earnings Call. Our host for today's call is Brinlea Johnson, Investor Relations.

Innovid Corp. (CTV) Q2 2023 Earnings Call Transcript

Innovid Corp. (CTV) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.03 per share a year ago.

Innovid Corp. (CTV) Reports Q2 Loss, Tops Revenue Estimates

Q2 revenue increased to $34.5 million, up 4% year-over-year Q2 measurement revenue contributed $7.8 million, up 10% year-over-year, representing 23% of total Q2 revenue Innovid raises full year 2023 revenue and Adjusted EBITDA* guidance NEW YORK , Aug. 8, 2023 /PRNewswire/ -- Innovid Corp. (NYSE:CTV) (the "Company"), an independent advertising platform for delivery, personalization, and measurement of converged TV across linear, connected TV (CTV), and digital, today announced financial results for the second fiscal quarter ended June 30, 2023. "We exceeded our guidance for the second quarter, and delivered strong results fueled by CTV and measurement growth," said Zvika Netter, Co-Founder and CEO.

Innovid Reports Q2 2023 Financial Results

NEW YORK, July 27, 2023 /PRNewswire/ -- Innovid Corp. (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV, and digital, today announced that management will present at Canaccord Genuity's 43rd Annual Growth Stock Conference.  The fireside chat will take place in Boston on Thursday, Aug. 10, 2023, at 8:30 a.m.

Innovid to Present at Canaccord Genuity's 43rd Annual Growth Stock Conference

Former Stackline VP to spearhead revenue operations for independent converged TV advertising platform NEW YORK , July 20, 2023 /PRNewswire/ -- Innovid (NYSE: CTV), an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV and digital, today announced the hire of Jeff Austin as Senior Vice President of Revenue Operations. In this role, Austin will be responsible for overseeing and optimizing revenue-generating processes and platforms, aligning Innovid's strategic functions across sales, marketing, customer success, and operations to maximize revenue growth and efficiency.

Innovid Appoints Software Ops Veteran Jeff Austin as Senior Vice President of Revenue Operations

NEW YORK , July 19, 2023 /PRNewswire/ -- Innovid Corp. (NYSE:CTV) (the "Company"), an independent advertising platform for delivery, personalization, and measurement of converged TV across linear, connected TV (CTV) and digital, today announced that it will release second quarter 2023 financial results before the market open on Tuesday, August 8, 2023. The Company will host a conference call to discuss its results at 8:30 a.m.

Innovid to Release Second Quarter 2023 Financial Results on August 8th

NEW YORK , July 5, 2023 /PRNewswire/ -- Innovid Corp. (NYSE:CTV) (the "Company"), an independent advertising platform for delivery, personalization, and measurement of converged TV across linear, connected TV (CTV) and digital, today announced that, based on a notification letter the Company received from the New York Stock Exchange (the "NYSE") on July 3, 2023, the Company has regained compliance with the NYSE's continued listing standards for minimum share price under Section 802.01C of the NYSE Listing Company Manual. On May 18, 2023, NYSE had notified Innovid that it was not in compliance with the NYSE's continued listing standards because the average closing price of the Company's common stock was less than $1.00 per share over a 30 trading-day period.

Innovid Regains Compliance with NYSE Continued Listing Standards

Former Viant, Google executive to spearhead agency business for independent converged TV advertising platform  NEW YORK , June 29, 2023 /PRNewswire/ -- Innovid (NYSE: CTV), an independent advertising platform for the delivery, personalization and measurement of converged TV across linear, CTV and digital, today announced the hire of Dave Fahey as Vice President, Agency Partnerships. In this role, Fahey will be responsible for driving strategic growth for Innovid's agency partnerships and supporting current agency relationships.

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