Fluent Q4 Revenue $61.8M with 101% Commerce Media Growth to $34.7M
Fluent posted Q4 revenue of $61.8 million and a net loss of $4.1 million (13¢ per share), achieving positive adjusted EBITDA of $0.2 million. Commerce Media Solutions revenue soared 101% year-over-year to $34.7 million, now representing 56% of total revenue with an annual run rate exceeding $105 million.
1. Q4 Financial Results
Fluent reported Q4 2025 revenue of $61.8 million, down 5.5% year-over-year, with a net loss of $4.1 million (13¢ per share) and positive adjusted EBITDA of $0.2 million, representing 0.3% of revenue.
2. Commerce Media Solutions Growth
Commerce Media Solutions revenue grew 101% to $34.7 million, accounting for 56% of consolidated revenue, with gross profit margin of 33%, and an annual run rate surpassing $105 million.
3. Strategic Actions and Outlook
In 2025 Fluent completed a $10.3 million private placement, secured new financing and sold its Call Solutions subsidiary to refocus on Commerce Media Solutions. The company targets double-digit revenue growth and improved full-year adjusted EBITDA in 2026 as margins recover to the mid-twenties.