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Tremor International Ltd. (NASDAQ/AIM: TRMR) has acquired Spearad, a TV media management platform, for $14.7 million. This acquisition will enhance Tremor's offerings in Connected TV (CTV) advertising by integrating Spearad's technology into Tremor's Unruly SSP, improving CTV header bidding and ad pod management.
Of the total amount, $11 million will be paid from cash reserves, with $3.7 million covered through the issuance of 370,000 shares. The successful integration aims to strengthen Tremor's competitive edge in a growing video-first market.
Tremor International Ltd. (TRMR) reported significant financial growth for Q2 and H1 2021, with total revenues increasing by 128% to $81.4 million and programmatic revenues soaring 196% to $67.5 million. CTV revenue surged 280% year-over-year, contributing to overall growth. Adjusted EBITDA experienced remarkable growth of 2,930% in Q2, reaching $37.3 million. The company successfully raised $128.6 million through its U.S. IPO, enhancing its balance sheet with $275.5 million in cash and no debt. Management remains optimistic about continued growth in the digital advertising space.
Tremor International Ltd. (TRMR) will disclose its financial results for Q2 and H1 2021 on August 19, 2021, before US market opens. The announcement will cover performance metrics for the quarter ending June 30, 2021. A live webcast to discuss these financial results will begin at 6:00 AM PT / 9:00 AM ET / 2:00 PM BST the same day. Interested participants can join via the company’s Investor Relations website. Tremor offers an end-to-end video and connected TV advertising platform.
Tremor Video has partnered with ICX Media to launch Unified Social Data, an all-screen data solution aimed at enhancing audience activation across Connected TV (CTV) and other video platforms. This innovative offering allows advertisers to build customizable audience segments using social engagement data from over 85 million US consumer profiles. With the ability to unify data across platforms, Tremor Video positions itself as a unique player in the market, providing brands with refined audience insights and tailored strategies to reach their target demographics effectively.
Tremor International Ltd. (AIM/NASDAQ: TRMR) announced it will release its Q2 and H1 financial results for 2021 before the US market opens on August 19, 2021. The company will host a webcast at 6:00 AM (PT) / 9:00 AM (ET) / 2:00 PM (BST) on the same day to discuss the results. Tremor International specializes in video and Connected TV (CTV) advertising through an end-to-end technology platform, enhancing advertisers' reach and maximizing digital ad inventory yield for publishers.
Tremor International Ltd. announced the closing of its offering of 6,768,953 American Depositary Shares (ADSs), representing 13,537,906 ordinary shares, at $19.00 per ADS, raising approximately $128.6 million. The offering was registered in the U.S., and the ADSs began trading on NASDAQ under the ticker symbol TRMR on June 18, 2021. Lead underwriters were RBC Capital Markets and Stifel, with a 30-day option for additional ADSs. The total share capital post-offering is 149,728,168 ordinary shares. Admission to trading on AIM is expected to start on June 23, 2021.
Tremor International Ltd. announced the pricing of its initial public offering (IPO) on June 17, 2021. The offering includes 6,768,953 ADSs at a public price of $19.00 each, raising $128.6 million in gross proceeds before costs. The ADSs are set to trade on the Nasdaq under the symbol TRMR starting June 18, 2021. A 30-day option for underwriters to buy an additional 1,015,342 ADSs is also included. The closing date is anticipated for June 22, 2021, subject to customary conditions.