Tremor has reported Q1 net revenue and adjusted EBITDA ahead of consensus, and reiterated the FY23 outlook. Q1 23 net revenue of $66.9m is +0.5% ahead of consensus at $66.5m, with the Programmatic division’s net revenue +6% yoy to $62.5m, including robust net revenue growth in CTV of +34% yoy to $21.3m. Q1 23 adjusted EBITDA of $8.9m is +$2.5m ahead of consensus, as management has focused on controlling cost while integrating the Amobee acquisition and delivering synergies, with the $65m annuali ....
