(Adds Outlook, share buyback)
Innovid Corp. (CTV) said the company now expects fiscal 2024 revenue in a range between $150.5 million and $152.5 million, and adjusted EBITDA in a range between $26.7 million and $28.7 million. In August, the company anticipated: revenue in a range between $156 million and $163 million, and adjusted EBITDA in a range between $24 million and $29 million.
The company expects fourth quarter revenue in a range between $37.5 million and $39.5 million; and adjusted EBITDA in a range between $8.0 million and $10.0 million.
Innovid's board of directors authorized the company to implement a stock repurchase program of up to $20 million.
Q3 Results:
Net income was $4.7 million, compared to a net loss of $2.7 million for the same period in 2023. Profit per share was $0.03 compared to a loss of $0.02. Adjusted EBITDA was $8.4 million, an increase of 29%. Revenue was $38.3 million, a year-over-year growth of 6%.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.