"Q3 results reflect some disruption on the retail spend, right? And it is our largest -- it's one of our largest industry vertical. So it does have an impact on our results."
"more muted spend from retail going into a season that would otherwise be strong for them."
"Revenue -- $189 million, up 11% year-over-year, landing within guidance. Adjusted EBITDA margin -- 35%, above expectations and attributed to cost discipline, operating leverage, and efficiency gains. Customer retention -- Zero churn among the top 100 customers, indicating stable core relationships. Media transactions measured (MTMs) -- Increased 12% year-over-year; measured transaction fees (MTFs) declined 4% year-over-year, excluding the impact of one introductory fixed fee deal, due to product and geographic mix. Activation revenue -- Grew 10% year-over-year; ABS segment comprised 54% of activation revenue and grew 12%. Social activation -- Grew at 20%; DV Authentic AdVantage closed roughly $8 million in annual contract value within weeks of launch, driven by global consumer packaged goods (CPG) brands. Meta activation solutions -- Advertisers live on Meta solutions increased to 56 from 26 sequentially; prebid attached to 6% of brand suitable measurement impressions on Meta. TikTok video exclusion list -- Expanded 100-fold, reducing unsuitable content exposure by one-third for advertisers. CTV measure"
Revenue rose 11% year-over-year to $189 million, meeting guidance, and adjusted EBITDA margin reached 35% driven by cost discipline, operating leverage, and efficiency gains. Top-100 customer churn was zero, preserving core relationships. Measured transactions (MTMs) increased 12% while measured transaction fees (MTFs) declined 4% due to product and geographic mix and an introductory fixed-fee deal. Activation revenue grew 10%, with ABS representing 54% and growing 12%. Social activation expanded 20%, and DV Authentic AdVantage secured about $8 million in annual contract value. Meta activation adoption increased and TikTok video exclusion set reduced unsuitable content exposure substantially. GAAP net income was pressured by higher tax expenses tied to lower share price and elevated stock-based compensation, and guidance assumes muted retail spend into the season.
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