Welcome to our dedicated page for Fluent news (Ticker: FLNT), a resource for investors and traders seeking the latest updates and insights on Fluent stock.
Fluent, Inc. reports developments as a commerce media solutions company focused on performance advertising and customer acquisition. The company connects advertisers with engaged consumers through partner websites, mobile applications, transaction flows, owned digital media properties, first-party data and proprietary machine learning.
Recurring Fluent news includes quarterly and annual results, Commerce Media Solutions growth, partner integrations across retail, travel, ticketing, services and other high-intent transaction environments, and advertiser marketplace activity. Company updates also cover capital actions, financing flexibility, investor-conference participation and portfolio changes, including the completed sale of the Winopoly Call Solutions subsidiary as Fluent concentrates resources on Commerce Media Solutions.
Fluent, Inc. (NASDAQ: FLNT) has appointed Sugandha Khandelwal as Chief Financial Officer, effective December 6, 2021. Khandelwal, who has over 15 years of corporate finance experience, previously served as CFO at Sam's Club, a division of Walmart. She will focus on strategic finance initiatives and corporate strategy, reporting to Interim CEO Don Patrick. Alex Mandel, the current CFO, will assist during the transition until December 31, 2021. Fluent aims to enhance long-term value for consumers while meeting its clients' growth objectives amidst a dynamic performance marketing landscape.
Fluent reported Q3 2021 revenue of $85.9 million, up 10% from Q3 2020. The company incurred a net loss of $2.5 million, translating to $0.03 per share, contrasting with a net income of $1.2 million in the prior year. Gross profit fell 13% to $22.1 million, with a media margin decline of 19% to $24.2 million. Adjusted EBITDA stood at $6.4 million, or 7.4% of revenue. The acquisition of Winopoly has expanded revenue avenues, and the company anticipates revenue growth in Q4 2021.
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Fluent, Inc. (NASDAQ: FLNT) will release its third-quarter financial results on November 4, 2021, after market close. A conference call will follow at 4:30 PM ET, where the company will discuss results and provide a business update. Interested participants can access the call via domestic and international dial-ins or through a live webcast on Fluent's website. The call will also have a recorded replay available afterward.
Fluent, Inc. (NASDAQ: FLNT), a top performance marketing company, has achieved significant recognition in the gaming sector according to Adjust’s inaugural Partner Benchmarks Report. Fluent ranked in the top 20 in five categories for both global and North American markets, notably #20 globally and #14 in North America for iOS gaming advertisers. The report highlights that gaming is the largest mobile vertical, with player spending expected to reach $117 billion by 2023. Fluent continues to invest in technology to support its growth amid increasing app installations.
Fluent, Inc. (NASDAQ: FLNT) has partnered with Snowflake to offer its opted-in health, political, and demographic data sets through the Snowflake Data Marketplace. This integration allows marketers to access Fluent’s extensive database of nearly 260 million consumer profiles without data transfer requirements. The data sets available include US Consumer Conditions & Symptoms, Political Affiliation & Activism, and Consumer Demographics, providing marketers with valuable insights for targeted strategies. Fluent emphasizes first-party data generation while ensuring consumer privacy and security.
Fluent, Inc. (NASDAQ: FLNT) has fully acquired Winopoly, LLC, enhancing its performance marketing capabilities. This acquisition follows a 50% stake purchase made on April 1, 2020. Fluent is launching Fluent Sales Solutions, targeting high-consideration categories like Medicare and Insurance, utilizing Winopoly's expertise. The integration is expected to expand Fluent's media footprint and accelerate growth for global brands. Key executives express optimism about future partnerships and product development.
Fluent, Inc. (NASDAQ: FLNT) reported Q2 2021 revenue of $73.4 million, reflecting a 3% increase year-over-year. However, the company faced a net loss of $5.2 million or $0.06 per share, a decline from net income of $0.5 million in Q2 2020. Media margin decreased 19% to $20.1 million, representing 27.4% of revenue. Adjusted EBITDA was $1.9 million, or 2.5% of revenue. Fluent continues to focus on its Traffic Quality Initiative, expecting revenue growth in Q3 and Q4 alongside improved profitability.
Fluent, a data-driven performance marketing company, announced its participation in the 41st Annual Canaccord Genuity Growth Conference from August 10-12, 2021. The management team will present on August 11 at 4:30 PM ET and will hold one-on-one investor meetings during the event. The presentation will be streamed live and archived online. Fluent plans to release its second-quarter financial results on August 9, 2021, with an investor presentation available on their website thereafter. Founded in 2010 and based in New York City, Fluent specializes in connecting consumers with brands.
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