“I believe that our revenue growth of over 40% in Q1, despite the fact that our programmatic initiatives are just starting to ramp up, underscored a strong appetite for our brand performance solutions,” Day said during the earnings call. Tremor’s “very conservative” guidance anticipated Q2 revenue in the $39 million to $41 million range.
Anticipated revenue from Tremor’s upcoming SSP, which will provide analytics of direct-sold campaigns, did not factor into its guidance. Day, however, expressed great hopes for the new product’s prospects, emphasizing the company’s strong publisher partnerships. “I think we are going to be very successful in pushing the SSP product forward,” he said.
Tremor also reported a net loss of $7.2 million compared to a net loss of $5.2 million during the same period last year.
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