Overview

* Illumin ( ILLMF ) Q3 revenue rises 5% yr/yr to C$38.2 mln, beating analyst expectations

* Adjusted EBITDA for Q3 misses analyst expectations despite higher revenue

* Company appoints new CRO and continues share repurchase program

Outlook

* Company aims to scale Exchange and Self service offerings through platform innovation

* Illumin ( ILLMF ) plans to invest in AI-powered optimization and incrementality measurement

* Company focuses on operational restructuring to drive profitability and platform leverage

Result Drivers

* EXCHANGE SERVICE GROWTH - Exchange service revenue more than doubled year-over-year, contributing significantly to overall revenue growth

* MANAGED SERVICE DECLINE - Managed service revenue decreased due to broader market uncertainty affecting customer spending

* SELF SERVICE CLIENTS - Company onboarded 23 net new Self service clients, targeting higher-spend clients for long-term growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$38.20 C$34 mln

Revenue mln (5

Analysts

)

Q3 Miss C$200,00 C$1.52

Adjusted 0 mln (5

EBITDA Analysts

)

Q3 Gross 38.00%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advertising & marketing peer group is "buy"

* Wall Street's median 12-month price target for illumin Holdings Inc ( ILLMF ) is C$2.75, about 59.3% above its November 6 closing price of C$1.12

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)