Fluent Q3 revenue down 3% to $64.5M; Commerce Media revenue jumps 341% to $10.4M

Fluent, Inc.

2024-Q3 EPS reported -$1.75 revenue$189,216,000

Net loss improved to $7.9M ($0.48/sh) from $33.6M ($2.43/sh) in Q3 2023.
Owned & Operated revenue fell 18% to $43.5M as shift to Commerce Media accelerated.
Commerce Media Solutions gross margin 33% vs. 24% consolidated; annual run rate >$50M.
Adjusted EBITDA nearly breakeven at -$0.1M, a $1.7M improvement YoY.
Management targets double-digit consolidated revenue growth and enhanced profitability in 2025.

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