secwatch.observer — SEC 8-K summary
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Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001437749-25-034864
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluent Q3 revenue down 27% to $47M; Commerce Media up 81% to $18.8M, 40% of total
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- Net loss of $7.6M ($0.27/share) vs $7.9M loss ($0.48) in Q3 2024; Adjusted EBITDA loss of $3.4M.
- Commerce Media Solutions gross margin improved 400 bps sequentially to 22%; annual run rate now >$85M.
- New partnerships with Authentic Brands and Databricks; Rebuy Monetize ad sessions topped 1M in Sept (+79% MoM).
- Management expects adjusted EBITDA profitability in Q4 2025 and double-digit revenue growth with EBITDA profit for FY 2026.
- Owned & Operated revenue fell 52% to $20.7M as company shifts focus to commerce media.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774925034864/0001437749-25-034864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774925034864/flnt20250820_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-034864

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer