Performance Marketing VolatilityIncremental performance marketing revenue gains started to taper and shifts in the search landscape introduced greater quarter-by-quarter volatility and diminished forward visibility.
Revenue And AEBITDA MissRevenue of approximately $39M fell below consensus expectations, while AEBITDA of approximately $13M was modestly below forecasts but remained a quarterly record.
Search Visibility ChallengesManagement noted that organic search visibility has been negatively impacted by a Google algorithm shift favoring low quality spam content.