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) 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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