ADTH
AdTheorent Holding Company Inc
AdTheorent Holding Company Inc
$ADTH reports Q1 2023 revenue growth of 4% despite declining gross profit margin and Adjusted EBITDA, reaffirms full-year outlook driven by strong demand and new product offerings.
AdTheorent Holding Company, Inc. announced Q1 2023 financial results, showing a 4% increase in revenue to $32.7 million. Gross profit margin fell from 48% in Q1 2022 to 43%, and adjusted EBITDA fell from 5% to 2% YoY. Despite this, the company's self-service platform saw strong adoption, and AdTheorent reaffirmed its full-year 2023 financial outlook with an expected revenue growth compared to 2022. AdTheorent utilizes non-GAAP financial measures to evaluate its financial performance and to provide investors with a clear understanding of the company's operational trends and decisions.
4mo ago
$ADTH