Business
Fluent Announces Second Quarter 2020 Financial Results
Q2 2020 revenue of $71.5 million, up 1% over Q2 2019Net income of $0.5 million, or $0.01 per shareMedia margin of $24.8 million, up 8% over Q2 2019 and
About this update from Fluent, Inc.
[{"type":"text","content":"Q2 2020 revenue of $71.5 million, up 1% over Q2 2019Net income of $0.5 million, or $0.01 per shareMedia margin of $24.8 million, up 8% over Q2 2019 and representing 34.7% of revenueAdjusted EBITDA of $9.4 million, representing 13.1% of revenueAdjusted net income of $4.2 million, or $0.05 per share NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today reported financial results for the second quarter ended 2020.\n Ryan Schulke, Fluent’s Chief Executive Officer, commented, \"Our second quarter performance once again demonstrated the strength and diversification of our platform, as well as the macro benefits of Performance Marketing, which enabled us to meet and exceed our prior business outlook.” “As we continue to navigate this challenging and uncertain environment, I want to thank all of our employees for their exceptional work under the most difficult of circumstances and to reiterate that Fluent remains resilient and steadfast in striving to support our colleagues, clients, consumers and communities.” Second Quarter Financial Summary Q2 2020 revenue of $71.5 million, up 1% over Q2 2019Net income of $0.5 or $0.01 per share, compared to net income of $0.7 million, or $0.01 per share, in Q2 2019Media margin of $24.8 million, an increase of 8% over Q1 2019 and representing 34.7% of revenueAdjusted EBITDA of $9.4 million, representing 13.1% of revenueAdjusted net income of $4.2 million, or $0.05 per share Media margin, adjusted EBITDA and adjusted net income are non-GAAP financial measures, as defined and reconciled below. Business Outlook Fluent currently sees Q3 2020 returning to more normalized seasonal patterns, without a recurrence of the factors that affected its Q3 2019 results.Media & Entertainment remains the Company’s fastest growing vertical, underpinned by direct relationships in the Streaming Services and Mobile Gaming categories.Q2 2020 revenue from engaging consumers in international markets, primarily the UK, more than doubled as compared with Q2 2019, and represented more than 5% of total company revenue in the quarter.The Company has adapted well to a work-from-home environment, and, notwithstanding the extraordinary challenges imposed by the global pandemic, the Company’s business and operations have remained on solid footing. Conferenc...