Strong Financial Performance
Q1 revenue was $74.5 million, beating the high end of guidance with a 33% year-over-year increase in adjusted gross profit and a significant rise in adjusted EBITDA to $12.1 million from $400,000 the previous year.
Success of Owned and Operated Products
Owned and operated products saw a 51% year-over-year revenue increase, with CouponFollow user sessions up over 160% and Startpage sessions up 11% year-over-year.
Growth in Partner Network
Partner Network revenue increased by 4% year-over-year, with adjusted gross profit up 37% year-over-year and 4% sequentially.
Expansion in International Markets
International revenue represented 30% of total owned and operated revenue, up from 29% in Q1 2024.