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 September 30, 2019.
"This was another strong quarter for Telaria reflecting the successful execution of our strategy as we continue to fortify our leadership position in the CTV space. CTV is now approaching a majority of our revenue and continues to be our core strategic focus and biggest growth driver,” said Mark Zagorski, Telaria CEO. “We continue to release innovative products that enable greater addressability and transparency in digital video, helping to shift TV dollars to CTV and deliver higher advertising yield opportunities for our publishers. As a result, an increasing number of leading broadcasters and video publishers around the globe are relying on our platform to power their programmatic advertising.”
Third Quarter 2019 Financial Highlights:
- Revenue of $16.6 million, up 23% year-over-year
- Gross profit of $13.1 million, up 13% year-over-year
- Adjusted EBITDA(1) of $(0.3) million, compared to break-even for the same period last year
| (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. | |
- CTV revenue increased 115% year-over-year to $7.3 million and represented 44% of quarterly revenue
- Enhanced VMP with launch of Creative Communication Status tool and commercialization of Audience Connect data suite
- Added premium video publishers across our global footprint in the U.S., Canada, France and our first partner in Japan
- Recognized by Crain’s New York as one of the 50 fastest growing companies and one of the best places to work in New York
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.
Telaria is headquartered in New York City and supports its global client base out of 13 offices worldwide across North America, EMEA, LATAM and APAC
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