"Revenue -- $110.1 million, up 22% year over year and 29% sequentially from the third quarter, surpassing the high end of guidance by 5%. Adjusted EBITDA -- $24.7 million, rising 45% year over year and 54% sequentially, 5% above guidance, with a 38% margin as a percentage of contribution ex-TAC (nearly 700 basis points above prior year)."
"Non-GAAP net income -- $19 million for the quarter, an increase of 37% from $13.8 million in the prior year. Non-GAAP EPS -- $0.23 per Class A share versus $0.17 in the prior year. Operating expenses -- $39.8 million, up 7% year over year and 8% sequentially, including IRIS.TV and Locker acquisitions; organic non-GAAP operating expenses rose 5% year over year."
"CTV platform share -- 46% of total advertiser spend was customer-directed CTV, a record high for the platform. CTV contribution ex-TAC growth -- CTV contribution ex-TAC rose more than 40% for the second consecutive year. Direct Access utilization -- Nearly 50% of CTV ad spend for the year transacted through the Direct Access Premium Publisher program."
"Household ID reach -- Embedded in over 80% of programmatic bid requests and over 90% of CTV requests, with address matching for 95% of U.S. households. Fourth quarter revenue growth excluding political -- 28% year over year for revenue and 24% for contribution ex-TAC, after adjusting for 600 and 500 basis point headwinds from the prior-year election cycle."
The company delivered strong fourth quarter 2025 results with revenue of $110.1 million, up 22% year-over-year and 29% sequentially, exceeding guidance by 5%. Contribution ex-TAC reached $64.6 million with 19% year-over-year growth. Adjusted EBITDA grew 45% year-over-year to $24.7 million, achieving a 38% margin on contribution ex-TAC, representing nearly 700 basis points of improvement. Non-GAAP net income increased 37% to $19 million, with EPS of $0.23 per Class A share. Full year revenue totaled $344.2 million, up 19% year-over-year. CTV platform share reached a record 46% of advertiser spend, with CTV contribution ex-TAC growing over 40% for the second consecutive year. Direct Access Premium Publisher program accounted for nearly 50% of CTV ad spend, while household ID reach embedded in over 80% of programmatic bid requests and over 90% of CTV requests.
#connected-tv-ctv-advertising #earnings-growth-and-profitability #programmatic-advertising-platform #household-id-and-audience-targeting
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