Tremor International sees FY23 adjusted EBITDA $80M-$85M

Sees FY23 Contribution ex-TAC $310M-$315M; and FY23 Adjusted EBITDA $80M-$85M. Programmatic revenue to reflect 90% of the Company’s full year 2023 revenueThe company said, “While management has observed some evidence of ad market stabilization, particularly since July 2023, it believes the recovery will remain uneven and that ongoing macroeconomic headwinds and uncertainty will limit advertising demand and budgets, drive continued managed service softness, and cause its customers to focus near-term spending on lower-cost solutions through at least the remainder of 2023.” The company added, “Management continues to believe the combination of the Company’s diversified and durable business model, focus on core strategic growth drivers, enhanced ability to drive multi-solution enterprise deals, greater stability following the completed integration of Amobee, and growing demand for its programmatic solutions and recently added products, will strongly position the Company for outsized long-term market share gains, particularly as CTV advertising demand conditions improve, and as the Company’s recently strengthened sales and marketing team continues to gain further traction.”