Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Jslse….I empathise fully with the content of your post. In fact, it almost identically mirrors the content of the email that I sent to Ofer Druker, Sagi Niri and IR within an hour of Tremor’s conference call ending last Thursday.
Re your…I don't think I need to reply to your posts again as you seem to have a fixed view.
Great!
Tremor is a Brand serving orientated platform. Linier TV is probably the worlds most powerful channel for Brand serving and in particular, Direct to Customer (DTC) Brand promotion. It’s not new news that “TV” is now converged (both linear and streaming). Eyeballs have moved and sizable linier advertising budgets are now being allocate/diverted to CTV. Extract… As part of the report, TVSquared analysed 20 converged TV advertising campaigns and found that the average audience overlap of linear and streaming campaigns was about 30%. This indicated that 70% of audiences reached via streaming could not be reached via linear alone, further strengthening the importance of brands leveraging all forms of TV. For savvy broadcasters and advertisers looking to combine prestige content with reach and performance, the opportunities offered by converged TV are without equal.
Broadcasters have mega budgets, and they provide all the necessary services for advertisers, brands and agencies and they buy and sell ad space. So, yes, I also think it’s imperative that Tremor/Nexxen attracts broadcasters onto the platform. The Press Release on Thursday was good news, headed, Nexxen’s Cross-Platform Planner Gains Momentum. It’s a useful tool and an important bridge for both parties to leverage Tremor’s full stack services, data and CTV inventory. I hope the early adaptors, A+E, Fox and TelevisaUnivision and their complimentary comments have set the trend for others to follow.
https://www.adexchanger.com/digital-tv/how-nexxen-is-lowering-the-walls-between-linear-and-streaming/
Cont...
Pubmatic’s 2Q23 earnings were weak also and forecast to be even lower in 3Q.
Based on Tremors lowered full year 2023 estimate of $320-$330 million and postulation that 4Q would likely be 20% up on 3Q, that extrapolates into a rather flattish 3Q verses 2Q at around $78.6 to $83 million with 4Q 20% up on those figures and nothing much to show on a YoY basis for Tremor for the $239 million it spent on the Amobee purchase.
It’s exasperating. There’s more I could say about Ofer Druker and Sagi Niri but it won’t help my investment here. As I see it, it’s unlikely that Tremor can execute any better than it currently is unless and until the adtech sector reverses out of the prevailing macro malaise that it’s in. My guess, sometime in 2024, maybe sooner, maybe later. Unfortunately there is a pile of unknowns out there that could continue to impact market sentiment.
On a brighter note, if Tremor win damages from the LG litigation it could lead to a special dividend for the long suffering here. Should be done and dusted before the year ends.
My post from advfm
midasx re your...I find it somewhat unbelievable that the first quarter update details copied below were RNS'd on the 30 May 2023, only a month before the end of the second quarter.
How can the projections go so badly wrong within a month?
I’d guess that most have found the above difficult to reconcile but it seems that orders were either pushed out or completely pulled unexpectedly in June, right across the sector, and that was particularly evident in the managed side of the business. It doesn’t look like its recovered since, hence the lower 2H revenue and full year uncertainty. It’s worth reading the Q&A part of Magnite’s Conference Call., Although Magnite is purely an SSP there are a few answers that read-across into Tremor’s market sentiment.
https://investor.magnite.com/static-files/335bcc89-4d19-4f40-83ef-bd279c797634
Extract…Magnite…right now, in a pretty scarce spend environment, there's just kind of flight to quality, flight to security for the buyers and flight to like dealing with the folks they know best. And so that's -- hopefully, that helps you understand, Jason, what we saw.
This sort of confirms Drukers remarks that prospective new clients, especially on the DSP side, are in no mood for moving to another platform in this environment. That process is a slow and sticky one in the best of times. The legals can take months, never mind the move accross.
extract…Daniel Paul Day - B. Riley Securities, Maybe just talk about what's giving you the confidence here to give sort of a soft guide for the fourth quarter CTV revenue. We haven't seen people sort of willing to opine out beyond the current quarter. Is that -- I think you said close to flat year-over-year for the fourth quarter for CTV. Just definitely conversations with advertisers, publishers, just actual visibility at all? Just what is it that's informing that 4Q commentary?
Magnite…yes. I would say, first of all, it's a very cautious approach, but we have spent a lot of time with our sales team, getting feedback from the managed service team. Michael mentioned that some of those campaigns appeared to be paused rather than completely taken off the table. We think that it's sort of, as our sales team described earlier, an air pocket for a few months here. And so we are comfortable with some recovery on the managed service front. cont...
Jrlse, get a grip.
If you want it straight from me, as I see it, Tremor will not execute any better than it currently is unless and until the ad tech sector reverses out of the prevailing macro malaise. My guess, sometime in 2024. Could be sooner could be later. But we ain’t as ****ed as you imply.
Gdog, yesterday's press release....
https://www.globenewswire.com/news-release/2023/08/24/2731238/0/en/Nexxen-s-Cross-Platform-Planner-Gains-Momentum-as-CTV-Revenue-Climbs.html
Two fair sized Broadcasters in Fox and TelevisaUnivision.
https://www.foxcorporation.com/
https://media.foxcorporation.com/wp-content/uploads/prod/2023/FINAL%20FOX%20Q4%202023%20Earnings%20Release.pdf
https://corporate.televisaunivision.com/wp-content/uploads/sites/5/2023/05/UF-Brochure-2023-final-2.pdf
https://s29.q4cdn.com/983326523/files/doc_financials/2023/q2/2Q23-Earnings-Press-Release.pdf
A+E Networks, originally Arts and Entertainment.
https://www.aenetworks.tv/
https://incfact.com/company/aetelevisionnetworks-newyork-ny/#
Jonhas, I’d forgotten that I’d posted a link here on the 3rd July showing the fallout from MediaMath’s demise. Unruly actually on the hook for $1.4 million by that account. https://www.adexchanger.com/online-advertising/mediamath-owes-more-than-100-million-to-at-least-200-companies-including-magnite-and-pubmatic/
Re …your, I believe the theme is more nuanced than simply increased media with reduced ad spend. Hence the mixed results - with Viant and TTD both having reasonable results and outlooks.
Yep, DSP’s (Viant and TTD) did indeed perform better than their SSP counterparts (Magnite, Pubmatic). But aside the structural issues that you mentioned for Magnite, it has been widely reported in various ad tech media that the supply side has been struggling in the current macro environment.
As for Tremor? Years in the re-sculpturing, this ad tech engine now has huge potential, we just need a few good sets of quarterly numbers to lift the lid. I hope and pray it starts Thursday.
Clearly, I’m not alone with my worries around Tremor’s pre 2Q23 results release.
Thoughts… (1) We don’t know to what extent MediaMath’s implosion has impacted Tremor, if at all. (2) I sense a theme running through the earnings reports of our peers, which highlights increased media supply having to cope with reduced ad spend. Result, lower CPM’s for both video and display. The trade-off for this is, of course, lower margin, and my senses are saying that, while the current macro conditions prevail, over supply on the sell side will remain a factor for margins and even if Tremor manages to eke out increased revenue this quarter, it may not in itself produce much in the way of a lift for Tremor’s net income/earnings/profits/bottom line.
We need next Thursday’s results and guidance to prove me wrong. Nervy stuff while we wait and the sp is reflecting that.
Magnite 2Q23 Earnings Report....
https://investor.magnite.com/news-releases/news-release-details/magnite-reports-second-quarter-2023-results
TTD 2Q23 Earnings Report...
https://investors.thetradedesk.com/news-events/news-details/2023/The-Trade-Desk-Reports-Second-Quarter-2023-Financial-Results/default.aspx
Pubmatic sp is down 30% today. Here's why....
https://www.fool.com/earnings/call-transcripts/2023/08/09/pubmatic-pubm-q2-2023-earnings-call-transcript/
https://www.adexchanger.com/strategy/q2-pubmatic-licks-its-wounds-as-growth-remains-flat/
Dating back to a least 2021, it looks like the H/L Agency has had an existing and past relationship with Amobee. The video below (from April 2021 ) leaves you with a clear sense of the value that can be derived from converging Linear TV and digital programmatic data via Tremor’s (Nexxen International’s) new data driven cross platform linear and digital planning suite/tools offering. Time lines at 3.56 minutes in and again at 5.47 mins, 7.54 mins, 10 mins and 24 min.
https://hl.agency/news/unifying-tv-and-programmatic-to-grow-your-business/
Tremor vs Alphonso/LG. See latest -COPY OF ADMINISTRATIVE ORDER Court Doc No. 486 filed today.
Mandatory Settlement Conference before Trial in New York’s Commercial Division
Starting February 1, 2022, all litigants in New York’s Commercial Division will be required to participate in a mandatory settlement conference before going to trial, unless an exemption is granted. This change was made by Administrative Order (“AO”) of Chief Administrative Judge Lawrence K. Marks.
https://static1.squarespace.com/static/5ed28ae85fb25224028e0947/t/61f3557bd9caac66999d1003/1643337084014/AO-10-22-Amending-Commercial-Division-Rule-30.pdf
https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=j/MKa5jKQOiZ2rhRcKfwfw==&PageNum=7&narrow=
MediaMath path to demise...
https://www.thedrum.com/news/2023/07/03/behind-mediamath-s-dramatic-and-drawn-out-downfall-leadership-really-messed-up
Unruly on the hook for $1.4 million.
https://www.adexchanger.com/online-advertising/mediamath-owes-more-than-100-million-to-at-least-200-companies-including-magnite-and-pubmatic/
See latest Court Doc No.485 filed today.
Amount Demanded $65 million + punitive damages, injunctive relief; pre- and post-judgment interest; attorneys' fees and costs.
https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=j/MKa5jKQOiZ2rhRcKfwfw==&PageNum=7&narrow=
Question is, to what extent is Tremors' SSP exposed to MediaMath?
https://open.spotify.com/episode/4InNrGIX7Nffht3QRNCUu2
https://www.tremorinternational.com/partners/
Another TCL Channel snippet....
https://www.fastchannels.tv/news/fast-channels-tv-content-lands-on-tcl-channel
https://www.appsflyer.com/glossary/fast-tv/