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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, 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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