Exceeded Q1 Financial Guidance
Total revenue for Q1 2025 was $59.2 million, which exceeded the high end of the guidance range, largely due to outperformance in professional services and in-period subscription revenue.
Strong Adjusted EBITDA
Adjusted EBITDA for Q1 was $14.7 million, representing a 25% margin, and was well ahead of expectations.
Operational Improvements
The company has made significant progress in stabilizing renewal rates and achieving strong new logo wins across all end markets.
Successful Data Integration
The company saw strong double-digit growth in customer engagements that integrated Definitive's data with their systems, leading to higher retention rates.
Strategic Partnerships
Expansion of go-to-market reach with healthcare advertising agencies and direct deals, expected to drive momentum in the second half of 2025.