Fluent Q3 revenue rises on commerce media solutions strength

FLNT•2026-11-12

Fluent's third-quarter revenue rose 14% year over year to $53.64 million, beating the $50.08 million analyst estimate. The company expects double-digit revenue growth in the fourth quarter and full-year 2026, with positive adjusted EBITDA in Q4.

1. Revenue and earnings

Revenue from Commerce Media Solutions doubled year over year and accounted for 70% of total revenue, driving the company's 14% overall revenue growth. Fluent reported an adjusted loss per share of $0.08, compared with analysts' estimate of $0.14, and adjusted EBITDA of -$43,000.

2. Company outlook

Fluent expects double-digit revenue growth in the fourth quarter across its continuing businesses and positive adjusted EBITDA. It sees double-digit revenue growth and improved adjusted EBITDA for full-year 2026, and expects double-digit consolidated revenue growth in 2027 as Commerce Media Solutions scales.