YuMe, in its first earnings report since going public at the beginning of the month, posted Q2 revenue of $34.3 million, up 36% and a net loss of $1.1 million over a year ago. It also announced a deal with Evidon to equip YuMe ads so consumers can see and control how their information is used.
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.
Ed Haslam, YuMe’s senior vice president of marketing said today that YuMe’s entry as a publicly traded stock, coming after the somewhat lackluster debut of Tremor Video a couple months ago, at least created interest and attention in the digital ad market by investors. “From that perspective, it’s a good thing,” he said, though leaving unsaid the fact that Tremor’s stock price has fallen some 20-25% since its debut and is trading today in the $8 per share range. It reports its first quarterly results on Thursday. Haslam never made direct reference to Tremor’s IPO, at least not by name. …
Like Tremor Video before them this summer, YuMe on Wednesday morning takes itself public, priced at $9 a share, lower than the $12-$14 once expected.