Slide 1: Second Quarter 2023 Earnings Call
Fourth Quarter Earnings - 2022 Second Quarter 2023 Earnings Call Jon Carpenter Mary Margaret Curry CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER AUGUST 8, 2023 Where traditional measurement ends and addressable measurement begins
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal and state securities laws, including, without limitation, our expectations, forecasts, plans and opinions regarding our strategic plans, market opportunities, prod
Slide 3: Second Quarter 2023 Earnings
Second Quarter 2023 Earnings 3
Slide 4: Second Quarter Execution
SECOND QUARTER EXECUTION REVENUE GROWTH ADJ EBITDA GROWTH ✓ Digital growth ✓ Cost discipline ✓ +32% growth in ✓ Streamlining $93.7M Activation $8.8M tech and product up 2.5% VPY ✓ Double digit up 35% VPY ✓ Transformation local TV growth on track Delivering a more scalable, profitable, and nimble org
Slide 5: Unmatched Audiences, Unprecedented Results
UNMATCHED AUDIENCES, UNPRECEDENTED RESULTS D I G I TA L S C A L E & M E T H O D O L O G Y LINEAR FOOTPRINT UDM 2.0 methodology 10K+ publisher Zip code level Measuring 1-in-3 US for 3rd party cookie-free integrations linear viewing data households measurement Unmatched view of digital audiences & AI-
Slide 6: Converging Audiences & Solutions – In-Flight Campaign Optimization
CONVERGING AUDIENCES & SOLUTIONS – IN-FLIGHT CAMPAIGN OPTIMIZATION ACROSS PLATFORMS D I G I TA L S C A L E A N D LINEAR I N - F L I G H T C AM PA I G N METHODOLOGY FOOTPRINT O P T I M I Z AT I O N Combining digital audience data, Leveraging hyper-localized linear Delivering unduplicated both ID-base
Slide 7: Second Quarter 2023 Financials
Second Quarter 2023 Financials 7
Slide 8: Second Quarter Revenue
SECOND QUARTER REVENUE 2.5% year over year increase ✓ Cross Platform Solutions up 3% over the prior year quarter: $97.7 $93.7 $91.4 $91.6 • Local TV grew double digits • Movies revenue grew 5% ✓ Digital Ad Solutions up 2% year over year: • Activation grew 32% • Higher custom deliverables Q 2 2 0 2 2
Slide 9: Second Quarter Adjusted EBITDA
SECOND QUARTER ADJUSTED EBITDA ADJUSTED EBITDA 35% ✓ Excluding FX, adjusted EBITDA up 125% year over year increase over prior year ✓ Disciplined cost execution - core operating $8.8 expenses* down 4% year over year $6.5 ✓ Continued execution of restructuring plan ✓ Transforming operations and techno
Slide 10: Full Year 2023 Guidance
FULL YEAR 2023 GUIDANCE TOTAL TOTAL ADJUSTED REVENUE EBITDA MARGIN Low Single Digit Double Digit Growth (%) Margin Rate $376M 9.8% 2 0 2 2 2 0 2 3 2 0 2 2 2 0 2 3 10
Slide 11: Stakeholder Value Creation
DELIVERING LONG-TERM VALUE CREATION FOR OUR STAKEHOLDERS True Big-Data Scale – Closing the gaps that drive waste Stakeholder Interoperability – Actionable data living where Value transactions happen Creation Speed – Flexible, portable, actionable data to deliver incrementality and true reach POSITIO
Slide 12: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES To provide investors with additional information regarding our financial results, we are disclosing adjusted EBITDA, adjusted EBITDA margin and FX adjusted EBITDA, which are non-GAAP financial measures used by our management to understand and evaluate our core oper
Slide 13: Second Quarter Adjusted EBITDA Reconciliation
SECOND QUARTER ADJUSTED EBITDA RECONCILIATION 13