Consolidated Revenue Surge
Consolidated revenue increased 114% year-over-year to $197.0 million in Q1 2026 (vs. Q1 2025).
Return to Consolidated Profitability
Consolidated operating income was $20.7 million in Q1 2026 compared to an operating loss of $52.8 million in Q1 2025, driven by segment performance gains.
ATS Revenue and Profit Explosion
Advertising Technology & Services (ATS) revenue rose 204% YoY to $154.6 million in Q1 2026 and 74% sequentially from Q4 2025; ATS operating profit was $34.3 million, up 427% YoY (and up 178% sequentially).
ATS Achieving Operating Leverage
ATS total operating expenses increased 72% YoY (+$9.8M) but revenue growth outpaced expense growth, and infrastructure costs are growing more slowly than revenue, indicating emerging operating leverage.
Media Local Advertising Momentum
Media segment revenue grew 4% YoY to $42.4 million; local advertising revenue increased 6% YoY, monthly active local advertisers rose 4%, and revenue per monthly active advertiser increased 2%.
Strengthened Balance Sheet and Capital Return
Cash and marketable securities were over $71 million at quarter-end; the company reduced debt by $5 million (credit facility balance ≈ $163M) and paid $4.6 million in dividends ($0.05 per share) with the Board approving a $0.05 dividend for 2026.
Corporate Expense Reduction
Corporate expenses declined 8% YoY to $7.2 million and are 41% lower than 2024 levels, reflecting cost-control efforts.