Fluent reports Q4 2023 revenue $72.8M (-14% YoY); full-year net loss $63.2M, adjusted EBITDA $6.8M

Fluent, Inc.

2024-Q1 EPS reported -$0.45 revenue$65,983,000

Q4 revenue $72.8M, down 14.1% YoY; net loss improved to $1.9M from $67.5M in Q4 2022.
FY 2023 revenue $298.4M, down 17.4% from $361.1M; net loss $63.2M vs $123.3M prior year.
Adjusted EBITDA Q4 $2.5M (down $0.2M YoY); full-year $6.8M, down $15.9M from 2022.
Adjusted net loss full-year $7.2M compared to adjusted net income of $5.8M in 2022.
CEO cites sequential Q4 growth from owned marketplaces and acceleration of new performance marketplaces.

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