IRVINE, Calif., Nov. 13, 2014 /PRNewswire/ -- Content syndication
and monetization company, Adaptive Medias, Inc. (OTCQB: ADTM), a
leader in programmatic advertising across mobile, video and online
display, today announced record financial results for the third
quarter, ended September 30,
2014.
Revenue grew 270% in Q3 2014 to approximately $1.4 million compared with $373,737 in the year ago period and increased 24%
sequentially from approximately $1.1
million the previous quarter. Gross profit for Q3 2014 grew
82% to $289,587 compared with
$158,507 Q3 2013.
The key drivers that contributed to the company's revenue growth
in the third quarter 2014 were:
- Launch of Media Graph, Adaptive Medias' flagship offering that
allows publishers, producers, and advertisers the ability to easily
and effectively monetize digital video content across all screens
and devices through one centralized platform solution.
- Increased platform publishers to 245 as of September 20, 2014 from 46 customers last
quarter.
- Increased Marketplace revenue to $1,263,934, up 238% compared to $373,737 in the third quarter of 2013.
- Generated Subscription (platform) revenue of $118,205.
"During the quarter, we launched Media Graph and strongly
positioned the Company for high growth within the digital
marketplace," said Qayed Shareef, CEO of Adaptive Media. "This,
combined with our new advanced video player that is optimized for
an enhanced mobile experience, should allow us to continue to
capitalize on the accelerating trend we see for increased video
viewership by users on multiple devices."
Shareef continued, "With our $5.2
million capital infusion this quarter, our leading
technology platform, and our growing customer base, we believe we
are set for continued growth in 2014 and beyond."
ABOUT ADAPTIVE MEDIAS, INC.
Adaptive Medias is a
programmatic audience and content monetization provider for website
owners, app developers and video publishers who want to more
effectively optimize content through advertising. The Company
provides a foundation for publishers and developers looking to
engage brand advertisers through a multi-channel approach that
delivers integrated, engaging and impactful ads across multiple
devices. Adaptive Medias meets the needs of its publishers with an
emphasis on maintaining user experience, while delivering timely
and relevant ads through its multi-channel ad delivery and content
platform. For more information, please visit www.adaptivem.com.
Also, follow us on Twitter at @adaptive_m.
Safe Harbor Statement:
This Press Release may contain
certain forward-looking statements within the meaning of the
Securities Litigation Reform Act of 1995. Adaptive Medias, Inc. has
tried, whenever possible, to identify these forward-looking
statements using words such as "anticipates," "believes,"
"estimates," "expects," "plans," "intends," "potential" and similar
expressions. These statements reflect Adaptive Medias' current
beliefs and are based on information currently available to it.
Accordingly, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which could cause
Adaptive Medias' actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. Adaptive Medias undertakes no obligation to update or
provide advice in the event of any change, addition or alteration
to the information contained in this Press Release including such
forward-looking statements.
Contact:
Hayden IR
David Fore, Director of Research
(206) 395-2711
Email: dave@haydenir.com
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http://photos.prnewswire.com/prnh/20141113/158558-INFO
SOURCE Adaptive Medias, Inc.