Innovid Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Innovid (NYSE:CTV) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$38.3m (up 5.6% from 3Q 2023).
• Net income: US$4.67m (up from US$2.73m loss in 3Q 2023).
• Profit margin: 12% (up from net loss in 3Q 2023).
• EPS: US$0.032 (up from US$0.02 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Innovid EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Media industry in the US.

Performance of the American Media industry.

The company's shares are down 13% from a week ago.

Risk Analysis

Be aware that Innovid is showing 1 warning sign in our investment analysis that you should know about...

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