Innovid Corp.

investors.innovid.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 12, 2024. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2025.

The sections below describe the company as of the FY2023 annual report.

How Did They Make Money?

FY2023 revenue

Who Were Their Customers?

Large advertisers, agencies and publishers use Innovid’s advertising tools; advertisers may contract directly or through agencies and publishers. Its customers span industries and are mostly in the United States.

Did Revenues Turn Into Profits?

Not on paper. It lost $31.9M in FY2023, but brought in more cash than it spent: $11.8M of free cash flow.

Operating income, FY2023

−24% of revenue

▲ +11% (Loss) vs FY2022 (−$29.7M, −23%)

Net income, FY2023

−23% of revenue

▲ +73% (Loss) vs FY2022 (−$18.4M, −14%)

Free cash flow, FY2023

8% of revenue

▲ Now profitable vs FY2022 (−$12M, −9%)

How Were They Changing?

Since the FY2023 annual report

Latest quarter: Q3 FY2024, the three months to Sep 30, 2024

Revenue: ▲ +6%; vs $36.2M in Q3 FY2023
Net income: ▲ Now profitable; vs −$2.7M in Q3 FY2023

Feb 13, 2025 Mediaocean completed its acquisition of Innovid Innovid and Flashtalking joined under Mediaocean as an ad tech platform.

Grew. Revenue grew 2.5x in 4 years, from $56.3M in FY2019 to $139.9M in FY2023, about 26% a year.

From shell company to ad software The older report described a shell company seeking a business combination, with no operations or revenue. The latest describes software for ad serving, creative personalization and measurement for brands, agencies and publishers.

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