)

Innovid (CTV) investor relations material
Innovid Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q3 2024 revenue grew 6% year-over-year to $38.3M, driven by CTV ad serving and personalization, with CTV impressions up 13% and now 58% of total video impressions.
Adjusted EBITDA increased 29% to $8.4M, with margin expanding to 22% from 18% last year, marking the ninth consecutive quarter of margin expansion.
Net income for Q3 2024 was $4.7M, a swing from a $2.7M loss in Q3 2023, reflecting improved operating leverage and a significant tax benefit.
Strategic partnerships expanded, including new deals with Netflix (impression verification partner), Nielsen (workflow integration), and LG Ad Solutions; Harmony initiative launched.
Board authorized a $20M stock repurchase program, reflecting confidence in long-term value and growth potential.
Financial highlights
Q3 2024 revenue: $38.3M, up 6% year-over-year; ad serving/personalization up 7%, measurement up 1%.
Adjusted EBITDA: $8.4M, up 29% year-over-year; margin at 22%.
Net income: $4.7M ($0.03/share) vs. net loss of $2.7M in Q3 2023.
Free cash flow: $3.7M in Q3; trailing 12-month FCF improved by $12.1M year-over-year.
Cash and equivalents: $34.6M at quarter-end; no debt outstanding or $20M long-term debt depending on source.
Outlook and guidance
Q4 2024 revenue expected between $37.5M and $39.5M; Adjusted EBITDA guidance: $8M–$10M.
FY 2024 revenue guidance: $150.5M–$152.5M (8% growth at midpoint); Adjusted EBITDA: $26.7M–$28.7M.
Revenue headwinds from political ad spend, muted cross-sell, and software-only mix expected to persist in Q4; normalization and reacceleration anticipated in 2025.
Long-term targets reaffirmed: 20%+ annual revenue growth, 30%+ adjusted EBITDA margin, and >60% FCF realization.
Seasonality expected, with Q4 typically the strongest due to holiday ad spending.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage