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Stock impact report

Innovid Reports Q4 and Fiscal Year 2023 Financial Results [Yahoo! Finance]

Innovid Corp. (CTV) 
US:NYSE Investor Relations: ir.centurylink.com
Company Research Source: Yahoo! Finance
Q4 net loss improved to $1.7 million and Adjusted EBITDA* more than doubled to $8.3 million , representing a 21% Adjusted EBITDA margin* Full-year 2023 operating cash flow of $12.4 million and free cash flow* of $1.4 million NEW YORK Feb. 27, 2024 /PRNewswire/ -- Innovid Corp. (NYSE: CTV) (the "Company"), an independent platform for the creation, delivery, measurement, and optimization of advertising across connected TV (CTV), linear TV, and digital, today announced financial results for the fourth fiscal quarter and full year ended December 31, 2023 "We're very proud to close out a transformational year at Innovid and exit 2023 with solid business momentum. We exceeded our revenue and Adjusted EBITDA guidance, demonstrated sequential improvement each quarter, and generated positive free cash flow for the year," said Zvika Netter , Co-Founder and CEO. "We continue to sit in an excellent position as more CTV ad-supported platforms gain momentum and live sports rights shift to st Show less Read more
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