Fluent reports Q3 adjusted EPS (23c), consensus (12c)

Reports Q3 revenue $47.03M, consensus $52.92M. Don Patrick, Chief Executive Officer of Fluent (FLNT), commented, “Our Commerce Media Solutions business achieved strong growth in the third quarter, representing 40% of total revenue compared with 16% in the third quarter of 2024. Moreover, Commerce Media Solutions’ annual revenue run rate now exceeds $85 million, with gross margins of 22% in this segment reflecting a sequential improvement of around 400 basis points when compared to the second quarter of 2025. As we progress through the balance of the year, we believe that Commerce Media Solutions is well positioned to achieve full-year triple digit growth when compared to full year 2024, and is expected to surpass our legacy Owned and Operated business as the main contributor to consolidated revenues in the fourth quarter of 2025, supported by the seasonal boost of the holidays.”