Telaria's Growth Accelerates as CTV Revenue Soars 133%
Telaria (NYSE: TLRA) added to its streak of accelerating revenue growth on Tuesday. The company, which provides a software platform for premium TV publishers to monetize their ad inventory programmatically, said revenue surged 47% year over year in its second quarter -- up from 42% growth in Q1. This marked Telaria's third consecutive quarter of accelerating revenue growth. In addition, this growth rate trounced analysts' average forecast for revenue to rise about 29% during the period.
The strong top-line growth of the video-management platform specialist -- and its achievement of positive second-quarter adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the first time -- highlight powerful tailwinds and prudent execution.
Here's a closer look at the quarter's results.
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