AdTheorent Holding Company, Inc. Reports Third Quarter 2023 Financial Results
Retrieved on:
Tuesday, November 7, 2023
NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- AdTheorent Holding Company, Inc. (Nasdaq: ADTH) (“AdTheorent” or “the Company”), a machine learning pioneer and industry leader using privacy-forward solutions to deliver measurable value for programmatic advertisers, today announced its third quarter 2023 financial results.
Key Points:
- NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- AdTheorent Holding Company, Inc. (Nasdaq: ADTH) (“AdTheorent” or “the Company”), a machine learning pioneer and industry leader using privacy-forward solutions to deliver measurable value for programmatic advertisers, today announced its third quarter 2023 financial results.
- Third Quarter 2023 Financial Overview:
Revenue was $40.9 million, an 8.8% increase compared to $37.6 million in the third quarter of 2022. - Adjusted Gross Profit* increased $1.6 million, or 6.7%, to $26.4 million compared to the third quarter of 2022.
- AdTheorent Health momentum accelerated, with 28% year-over-year revenue growth and a 51% sequential increase in advertiser count in the third quarter of 2023; adoption of AdTheorent Health Audiences gained momentum, with 36 active campaigns in the third quarter, up 89% compared to the second quarter.