Aug. 5 at 9:07 PM
$MNTN $KVYO $ZETA
These 3 small adtech players are doing good
1. MNTN
Second quarter Performance TV revenue grew 35% year-over-year to
$67.8 million
Gross margin improved to 77% from 70% in Q2 2024, a 700 basis point improvement
Adjusted EBITDA grew 92% year-over-year to
$14.5 million, up from
$7.6 million in Q2 2024
Adjusted EBITDA was 21% of revenue, up from 14% in the prior year period
Completed the company's first quarter as a publicly traded company on the New York Stock Exchange.
2. KVYO
Second quarter revenue of
$293.1 million, representing 32% year-over-year growth
Raises FY25 revenue guidance to
$1.195 billion to
$1.203 billion, for year-over-year growth of 27% to 28%
3. ZETA
Delivered revenue of
$308M, an increase of 35% Y/Y, exceeding midpoint of guidance by
$11M
Generated net cash provided by operating activities of
$42M, an increase of 35% Y/Y, and Free Cash Flow of
$34M, an increase of 69% Y/Y
Ended 2Q25 with zero net dilution versus 1Q25 and tracking to achieve 2025 dilution and SBC expense targets
As of July 25, Zeta used
$85M of the
$100M share repurchase authorization approved in November 2024
Zeta’s board of directors approved a new
$200M stock repurchase program over 2 years to supplement the existing stock repurchase program in place today
Increasing FY25 revenue, adjusted EBITDA, and free-cash-flow guidance by more than the 2Q25 beat
