AcuityAds Reports First Quarter 2022 Financial Results [Financial Post (Toronto, Ontario, Canada)]
AcuityAds Holdings Inc. - Common Shares (ATY)
Company Research
Source: Financial Post
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 “While Q1 2022 total revenue was lower year-over-year, revenue from illumin, our innovative advertising automation platform, grew 145%, reaching $7.9 million or 33% of total revenue,” said Tal Hayek, Co-Founder and Chief Executive Officer of AcuityAds. “We saw expansion in our illumin client base, both overall as well as specifically with tier one clients. illumin clients grew 259% year-over-year, reaching 61 clients in total, while tier ones were up 150% from the prior year, totaling 20 clients by quarter end. We believe our success with illumin adoption reflects increasing recogni
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