Connect with us

CWEB Business News

Tremor International’s Q2 Earnings Review

Tremor International Ltd (NASDAQ:TRMR) reported its Q2 results, with EPS of $0.16 coming in worse than the Street estimate of $0.36. Revenue was $75.8 million, missing the Street estimate of $77.03 million.
The multifaceted macro headwinds led to broad-based softness in spending but particularly from mobile and display. While revenue was underwhelming, CTV continues to see solid growth with spend on the platform up 30%. Analysts at RBC Capital continue to think there are better days ahead for the company with lowered guidance taking a realistic macro view with some conservatism around company-specific tailwinds.
The analysts maintained their outperform rating and lower their price target to $17 from $20.

Follow us on Google news for more updates and News

Full Disclaimer

More in CWEB Business News



Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.