Tremor Video Announces Small Loss for Second Quarter
Tremor Video this afternoon posted its first ever quarterly results since the company went public earlier this summer, announcing second quarter revenue of $35.5 million, a 41% year-over-year increase. In-stream revenue was $34.4 million, a 46% year-over-year increase. Net loss for the quarter was $300,000 compared to a net loss of $4.8 million for the period in 2012.
The company said it expected third quarter revenue in the range of $35.5 million to $36.5 million, and in the range of $133.7 million to $135.7 million for the year.
“Our strong results in Q2 reflect our leadership position in the online video market,” said Bill Day, President & CEO of Tremor Video, in a press release. “We delivered record in-stream revenue and earnings, reflecting the strength of our technology and our business model. Our focus on brand performance technology and solutions, premium content partnerships and transparency is creating a solid foundation for long-term growth.”