---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-031994"
form_type: "8-K"
ticker: "FLNT"
cik: "0001460329"
company_name: "Fluent, Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:23:34.297173+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fluent reports Q3 2023 revenue down 26% YoY, net loss of $33.6M, adjusted EBITDA negative

## Summary
- Revenue $66.2M vs $89.0M in Q3 2022, a 26% decline; net loss $33.6M ($0.41/sh) vs net income $3.1M.
- Gross profit (ex D&A) of $16.1M, down 32% YoY; media margin $19.3M, down 31%.
- Adjusted EBITDA negative $1.7M vs positive $5.9M in Q3 2022; adjusted net loss $4.1M ($0.05/sh).
- CEO cites post-FTC settlement transition and focus on rebuilding core; goodwill impairment drives net loss.
- YTD 2023 revenue $225.6M (-18% YoY); adjusted EBITDA positive $4.3M vs $20.1M prior year.

## SEC filing metadata
- accession: 0001437749-23-031994
- form_type: 8-K
- ticker: FLNT
- cik: 0001460329
- company_name: Fluent, Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1460329/000143774923031994/0001437749-23-031994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1460329/000143774923031994/flnt20230906_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-031994
- JSON: https://secwatch.observer/filing/0001437749-23-031994.json
- Plain text: https://secwatch.observer/filing/0001437749-23-031994.txt

## Key facts
- Earnings Releases
  Fluent, Inc. reported third quarter ended September 30, 2023 results: revenue Revenue of $66.2 million, net income Net loss of $33.6 million, EPS net loss of $33.6 million, or $0.41 per share.
  - Period: third quarter ended September 30, 2023
  - Revenue: Revenue of $66.2 million
  - Net income: Net loss of $33.6 million
  - EPS: net loss of $33.6 million, or $0.41 per share
  - Result: reported results
  source text: Fluent Announces Third Quarter 2023 Financial Results • Revenue of $66.2 million for Q3 2023 and $225.6 million for YTD 2023 • Gross profit (exclusive of depreciation and amortization) of $16.1 million for Q3 2023 and $57.7 million for YTD 2023 • Net loss of $33.6 million for Q3 2023 and $61.3 million for YTD 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1460329/000143774923031994/0001437749-23-031994-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.