Telaria Reports First Quarter 2018 Financial Results

Telaria Inc (NYSE:TLRA), a complete software platform to manage premium video advertising announced its financial results for the quarter ended March 31, 2018.

The company reported a revenue of $9.6 million which is up 56 percent year over year and a gross profit of $8.6 million, up 59 percent year over year.

As quoted in the press release:

“Our first quarter results represent a great start to the year. We drove significant year-over-year growth in both revenue and EBITDA, closing the quarter at the high end of our guidance,” said Mark Zagorski, Telaria CEO. “Our results validate the strategy we laid out two quarters ago when we launched Telaria, including investing in differentiated technology, focusing solely on premium partnerships and growing revenue contribution from CTV. We are excited for the quarters ahead and remain confident in our ability to achieve our long-term targets.”

First Quarter 2018 Highlights:

• Revenue of $9.6 million, up 56% year-over-year
• Gross profit of $8.6 million, up 59% year-over-year
• Gross margin of 89%
• Adjusted EBITDA⁽¹⁾ of $(3.3) million, compared to $(6.7) million in the prior year period

Business Highlights:

• Closed exclusive deals with Singtel and Outbrain

• Introduced our Preferred Partnership Program with leading video publishers, giving Telaria unique access to premium inventory for buyers

• Increased CTV revenue to 20% of total revenue for the quarter compared to 4% in Q1 2017

• Added senior sales leadership to expand on growth opportunities

Click here for the full text release.