Advertising technology company Tremor International (LON: TRMR) said that it expects trading for the year to be significantly ahead of its previous guidance in a trading statement released by the company on Monday morning.
Tremor released an update on trading for the year ending the 31st of December after a period of record revenues and profit.
Having provided guidance of $340-$360 million in revenue for the year, they now expect it to be significantly higher at between $390-$400 million.
Interested in investing after today’s move?
XTB gives investors access to thousands of UK and international stocks,
including fractional shares from just £1.
Explore stocks with XTB →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to invest in the stocks making the news?
Go from following the market to investing in it, with access to thousands
of stocks across major UK and international markets.
See available stocks →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Own the stocks you’re reading about
Invest in real shares across the UK, US and other major global markets
through XTB, all from one investment account.
Explore XTB shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
You don’t need to buy a whole share
Fractional shares let you invest from just £1, giving you more control
over how much you put into individual companies.
Explore fractional shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to see how XTB works first?
Explore the platform with an XTB demo account before deciding whether
you want to invest with real money.
Try the XTB demo →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
The company also upgraded its adjusted EBITDA forecast from $30-$36 million to $50-$52 million.
Tremor said that the upgrades are a result of the sales traction it continues to generate, mainly within its Connected TV, Self-serve and Private MarketPlace solutions.
Revenue from Private MarketPlace solutions is forecasted to grow 1,095% compared to the fourth quarter in 2019, while Self-serve is expected to grow 551% with Connected TV’s revenue predicted to increase by 115%.
Shares of Tremor are the best performer in London so far today, up 30.89% at 301p after closing Friday’s session at 230p. This year Tremor’s share price has grown 85%.
PEOPLE WHO READ THIS ALSO VIEWED:
