Overview
- The company is slated to report fiscal Q3 2025 results after the close on Nov. 6, with consensus calling for $0.24 in EPS and management guiding revenue to about $717 million.
- Guggenheim on Sept. 30 maintained a Buy rating but cut its price target to $55, citing intensifying competition from Amazon’s DSP and forecasting growth reacceleration after Q2 2026.
- Kokai and Unified ID 2.0 remain central to the strategy, with Kokai now handling roughly two‑thirds of client spend and customer retention consistently above 95%.
- CTV and retail media ties with Disney, NBCU, Walmart, Roku and Netflix, plus expected U.S. political ad spending of about $40 million and audio monetization tied to Spotify, are highlighted as potential catalysts.
- Revenue growth slowed to 18.6% year over year in Q2 2025 and shares have lagged over the past year, though the balance sheet remains strong with significant cash supporting buybacks and investment.