Reports Q3 (Sep) loss of $0.06 per share, in-line with the S&P Capital IQ Consensus of ($0.06); revenues rose 23.0% year/year to $16.6 mln vs the $16.56 mln S&P Capital IQ Consensus. EBITDA ($0.3) mln vs. ($1)-0 mln guidance.
CTV revenue increased 115% year-over-year to $7.3 million and represented 44% of quarterly revenue
Co issues in-line guidance for FY19, narrows FY19 revs to $69-71 mln from $68-72 mln vs. $70.31 mln S&P Capital IQ Consensus; EBITDA to $2-4 mln from $2-5 mln.
"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."