NEW YORK--(BUSINESS WIRE)--Telaria, Inc. (NYSE:TLRA), the complete software platform that optimizes yield for leading video publishers, today announced financial results for the quarter ended June 30, 2019.
"Our strong second quarter results reflect the successful execution of our strategy to build the leading technology platform for programmatic CTV. With our CTV business growing 133% year-over-year, helping to drive overall revenue by 47% and delivering our first EBITDA positive second quarter, it is clear that our investment in platform innovation and transparency are paying off," said Mark Zagorski, Telaria CEO. "Additionally, we signed numerous premium partners during the quarter and enhanced our technology to take advantage of the growing addressable opportunities in CTV. As programmatic CTV continues to scale, we believe we are well-positioned to take advantage of this growth."
Second Quarter 2019 Financial Highlights:
- Revenue of $18.2 million, up 47% year-over-year
- Gross profit of $14.7 million, up 31% year-over-year
- Adjusted EBITDA(1) of $1.0 million, compared to $(1.1) million in the prior year
- Increased full year revenue guidance to $68.0 - $72.0 million from $66.0 - $70.0 million
| (1) | Adjusted EBITDA is a non-GAAP financial measure. Please see the discussion in the section called “Non-GAAP Financial Measures” and the reconciliation included at the end of this press release. |
Second Quarter 2019 Business Highlights:
- CTV revenue increased to $7.1 million, up 133% year-over-year, and represented 39% of quarterly revenue, up from 24% of quarterly revenue in Q2 2018
- Launched addressable targeting capabilities for CTV
- Continued to add premium OTT publishers to Telaria’s platform across multiple geographic regions including North America, LATAM and APAC
About Telaria
Telaria, Inc. (NYSE:TLRA) powers the future of TV advertising with proprietary, programmatic software that optimizes ad yield for leading video publishers, enabling the most effective advertising experience across desktop, mobile and CTV. Telaria’s clients include the most innovative video content publishers across the globe such as Hulu, SlingTV, SonyVue, Viacom’s PlutoTV, TubiTV, Singtel, Australia’s Channel Nine and Channel Ten, and Brazil’s Globo.
