Member Info for gdog

Hey jon,

I never said we shouldn't have bought Amobee, I said I believe we didn't do proper due diligence; we overpaid for them, then (to paraphrase) we over-promised and under-delivered...which qualifies in my mind as a huge understatement given what's transpired.

About your other posts: I am going to do a deep dive over the next two weeks or so (time permitting) into PERI, TTD, PUBM, MGNI, and even little guy ILLM. After that I'll be able to more intelligently answer the rest of your pertinent questions. I'll also take a glance at others such as CRTO and the big boys, to get a more complete feel for what's going on in our space.

Radium,

RE: "I think we will be a lot wiser by the end of the year, if not sooner."

Funny how that works...and I couldn't agree more.

From our press release when we bought Amobee:

Acquisition Highlights

· Expected to generate accretive Contribution ex-TAC and adjusted EBITDA within first twelve months.

· Expands Tremor's global market presence and creates one of the largest CTV and video end-to-end platforms and offerings in the market.

· Significantly enhances Tremor's technology offering and footprint across core growth drivers including self-service DSP, performance, CTV, and data, while adding new insight tools and linear TV capabilities, and unlocking strong potential cross selling opportunities.

· Substantially expands Tremor's US and international reach as Amobee serves over 500 global customers and maintains strong relationships with some of the world's leading media partners, while having limited overlap with Tremor's pre-existing customer base.

· Enhances Tremor's talent base with additional highly experienced industry experts.

· Tremor reiterates its expectation to achieve run-rate operating cost synergies of approximately $50 million on a combined pro forma basis following completion of the integration, with meaningful synergies expected by the end of 2022 and the majority expected by the end of 2023.

Transaction and Financing Details

· The Acquisition consideration of $239 million, as adjusted, was funded through a combination of existing cash resources, and approximately $100 million from a new $180 million secured credit facility. The new credit facility consists of a $90 million secured Term Loan A drawn at closing, and a $90 million Revolving Credit Facility, of which $10 million was drawn at closing. The remaining $80 million capacity on the Revolving Credit Facility will provide the Company with ample liquidity, which may be utilized for future strategic investments and initiatives alongside existing surplus cash resources.

· For the twelve months ended June 30, 2022, Amobee generated preliminary unaudited Contribution ex-TAC of approximately $150 million, excluding the results from Amobee's Email Marketing Platform, which was not part of the Acquisition.

· Tremor will discuss additional details about the Acquisition and Q3 2022 results for both entities on its Q3 2022 earnings conference call.

Updated Combined Company Financial Guidance

· Full year 2022 Contribution ex-TAC of approximately $330 million

· Full year 2022 Adjusted EBITDA of approximately $160 million

· Full year 2023 Contribution ex-TAC of approximately $500 million

· Full year 2023 Adjusted EBITDA of approximately $200 million

Radium,

It doesn't matter how much one spends if they spend foolishly.

Amobee was bleeding cash when we bought them. Look what's happened to our company's valuation and our financial performance since we bought them.

Same thing with R1.

Then compare that to PERI's performance post acquisitions.

Night and day.

Radium,

I'm not arguing with your 16:43hr post below.

In this instance my gripe is with poor management of expectations; constant downward revisions which emanated from a lack of due diligence when making the Amobee acquisition (for which we overpay).

Same thing happened when they bought R1, for which I was glad they overpaid (being an R1 shareholder).

Radium,

I've learned to expect nothing but downward revisions from these guys. Look at their projections when we bought Amobee, another company for which we overpaid.

Einsteins theory of insanity comes to mind.

That being said, I am willing to give it another year, maybe two, to allow things to play out.

Meanwhile TTD is killing it. HUGE.

Also known by you guys as more "jam tomorrow".

How many times have we heard this bs from these guys?

Too many to count.

"Now it's time to execute".

Ya think?

Mal,

We may have no choice but to take a huge financial hit. Unless these guys actually do what they say, which so far they've not.

It's 23:32hr here. This report is not conducive to a good night's rest.

"CTV revenue was $19.9 million in Q4 2023, compared to $33.0 million in Q4 2022."

How many times has Ofer told us that we've been gearing up for CTV for 5 years? I'll tell you how many years he's been telling us that...FIVE.

I see TTD making massive gains in CTV. PERI also crushing it in CTV. They're not making excuses...they are EXECUTING.

This would be funny if it wasn't OUR Money.

We missed analysts' expectations on both the top and bottom lines.

These guys are not very good at their jobs, one of which is managing expectations.

What we've come to expect. We ought to pay Ofer more.

As you guys say, jam tomorrow.

Off to bed.

RE: "Let Ofer stay in the background counting his money!"

Cracked me up...gallows humor.

So sad, yet true.

And yes, good luck to all longs tomorrow.

Lots of clapping...now it's time to show us the Money.

https://www.nasdaq.com/videos/nexxen-rings-the-nasdaq-stock-market-closing-bell

Arthur,

RE: "But then again we’ve been disappointed before..."

Numerous times, to the point we're numb to the pain he's inflicted upon us. (Stockholm Syndrome?)

This is a pleasant surprise.

Nobody knows what tomorrow may bring.

We had a couple posters who used to get deep into the weeds on this lawsuit. I hope you're still here.

Hey Mike,

It's a head scratcher for me. The valuation, as I mentioned below, is absurd down here.

I am hanging tight with PERI, as I am with TRMR.

Stockman,

PERI reported two weeks ago today. Numbers were decent, not great. Guidance was for 17% growth for 2024, 10% pro-forma.

The stock got SLAUGHTERED, down over 20% on an already very cheap valuation. The valuation for PERI was absurdly low prior to the release. Now it's absurdly lower by another 20%. They are printing Money hand over fist.

Seem to me today is the day many of us confess our sins.

OK, one of our sins. Mine are too long to list.

Stupid award goes to:

I first bought in via a company called Virage in August, 2000. Virage was a 'video over the internet' company bought by Mike Lynch (Autonomy), later spun off as blinkx. I was impressed by Mike Lynch. How did that turn out?