The company did not provide specific guidance for future quarters or full-year results
Key details
Metric
Actual
Q2 revenue
$227.90 million
Q2 net income
$19.69 million
Q2 operating income
$29.97 million
Q2 pretax profit
$27.45 million
Result drivers
ATS segment growth - ATS revenue and profit surged on higher monthly active advertisers and increased revenue per advertiser, driven by AI platform investments and expanded sales capacity
Media segment decline - Media revenue dipped 1% as lower broadcast and spectrum rights revenue outweighed gains in digital advertising and retransmission fees
National vs local advertising - National advertising revenue in Media fell 19% while local advertising rose 1%, excluding political revenue, per CEO Michael Christenson
Revenue jumps on ATS growth
U.S. media and ad tech firm's Q2 revenue rose 126% year over year, led by ATS segment growth
Media segment Q2 revenue fell 1% on lower broadcast and spectrum rights revenue
EVC•
