In a challenging environment, Tremor has reported net revenue of $70.8m, a record Q2 22 adjusted EBITDA of $39.1m at an industry-leading margin of 55%, and net cash of $361m including $45m of buyback. The current macro conditions, and Tremor’s focus on scaling higher-margin self-serve and PMP revenue, have led to Q2 22 net revenue c8% light of consensus of $76.8m. Adjusted EBITDA is only c2% light of consensus of $39.8m, as management has focused on effectively controlling the cost base while in ....