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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 (NASDAQ: FLNT) has launched a Business Empowerment Program aimed at aiding minority and women-owned businesses in the digital economy. The initiative will award $50,000 in marketing resources to five selected businesses to enhance their online customer engagement. Given the pandemic's devastating impact, with 41% of minority businesses closing, this program is crucial for recovery. Applications are open until December 15, 2020, with winners announced on January 15, 2021.
Fluent, Inc. (NASDAQ: FLNT) will announce its third-quarter financial results on October 29, 2020, after U.S. market close. A conference call will follow at 4:30 PM ET to discuss the results and provide updates on company performance. Investors can participate via domestic (888) 339-0797 or international (412) 317-5248 dial-in numbers. A replay of the call will be accessible for one week on Fluent's website. Founded in 2010 and based in New York City, Fluent specializes in data-driven performance marketing and consumer engagement.
Fluent, Inc. (NASDAQ: FLNT) announced the launch of its new Performance Marketing Platform powered by Amazon Web Services (AWS). This upgrade reflects Fluent's commitment to technology and product innovation, supporting international expansion. The platform is designed for easy deployment and compliance with local regulations, initially launched for U.K. operations. CEO Ryan Schulke emphasized the platform's potential to enhance value for U.S. clients and enable adaptation to regulatory changes. Fluent plans to integrate AWS machine learning capabilities to optimize customer acquisition strategies and improve marketing campaigns.
Fluent reported Q2 2020 revenue of $71.5 million, a 1% increase from Q2 2019. The net income was $0.5 million, equivalent to $0.01 per share, compared to $0.7 million in Q2 2019. Media margin rose by 8% to $24.8 million, representing 34.7% of revenue. Adjusted EBITDA was $9.4 million, or 13.1% of revenue, with adjusted net income at $4.2 million, or $0.05 per share. The company anticipates a return to normalized seasonal patterns in Q3 2020 and reports significant growth in international markets, particularly the UK.
Fluent, Inc. (NASDAQ: FLNT) will report its financial results for Q2 2020 on August 10, 2020, after the U.S. markets close. A conference call is scheduled for the same day at 4:30 PM ET to discuss the results and provide a business update. Participants can join by dialing (888) 339-0797 domestically or (412) 317-5248 internationally. A replay of the call will be available shortly after its conclusion. Fluent specializes in performance marketing through its first-party data asset.
Fluent, Inc. (NASDAQ: FLNT) announced a partnership with Zendesk, Inc. (NYSE: ZEN) to enhance customer support services, reflecting its commitment to improving digital consumer experiences. This collaboration aims to streamline customer support ticket management and supports Fluent's international expansion. Fluent engages with nearly one million consumers daily and expects to deliver better experiences for existing users while attracting new audiences. Peter DeCaro has been promoted to lead this integration, enhancing Fluent's customer support operations.
Fluent, Inc. (NASDAQ: FLNT) reported a 19% increase in Q1 2020 revenue, reaching $78.9 million, compared to Q1 2019. Net income was $0.4 million, or $0.01 per share, down from $1.0 million in the prior year. The media margin rose by 4% to $23.9 million, representing 30.3% of revenue, while adjusted EBITDA stood at $9.0 million, or 11% of revenue. Looking ahead, Fluent anticipates Q2 2020 revenue trends to align with Q2 2019, despite current economic uncertainties affecting advertiser spending.
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