AcuityAds Reports First Quarter 2022 Financial Results
AcuityAds Holdings Inc. - Common Shares (ATY)
Company Research
Source: GlobeNewswire
Reported $23.8 million in First Quarter Total Revenueillumin Revenue Up 145% YOY in the First Quarter to $7.9 million TORONTO and NEW YORK, May 12, 2022 (GLOBE NEWSWIRE) -- AcuityAds Holdings Inc. (TSX:AT) (NASDAQ:ATY) (“AcuityAds” or “Company”), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across all digital advertising channels, today announced its financial results for the three months ended March 31, 2022. First Quarter 2022 Highlights Total revenue for the three months ended March 31, 2022, was $23.8 million, a 13.4% decrease year over year. The year over year comparison was primarily affected by an unusually large client campaign in Q1 2021 that was not repeated in Q1 2022.illumin revenue was $7.9 million for the first quarter of 2022 or 33% of overall revenues, up 145% year over year.Q1 total Connected TV segment revenue grew approximately 131% year-over-year.Gross margin for the thre
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