AdTheorent Holding Company, Inc. (NASDAQ:ADTH) Q2 2023 Earnings Call Transcript

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Jim Lawson: Thanks for the question, Maria. We – the number one change that we’re most excited about with regard to bringing our self-service offering to market is that our entire sales team is now selling a holistic solution. We’re no longer selling a half solution. We’re selling a solution to the entire marketplace. Many advertisers and agencies seek a technology platform that they can use, because they have traders and they have infrastructure, they have personnel infrastructure to utilize that, and they’ve built businesses around media buying. And a year ago, we were not able to sell into those opportunities, and many of them are very, very large opportunities. So, our entire sales team is now selling one AdTheorent.

We’re selling our platform. We’re not selling one-off solutions. This is the AdTheorent platform that we’re selling and you can transact whoever you want. So I think that’s the number one thing that we’re most excited about when it comes to the go-to-market strategy. I think we have a fantastic team. We have a very long-tenured team, our sales team, our strategists, our analysts. We have an incredibly smart, gifted group of people here that are working hard with customers to solve their problems. And I think our go-to-market strategy is on point. We’ve made some adjustments here and there to make sure that we are efficient. We have never been more efficient than we are now. When we look at our AGP per employee, it’s very strong.

We expect that to continue. And we – as the customer demand increases, as growth returns in the third quarter and in the fourth quarter for the full year, we think that we have a lot of things to talk about in the coming quarters.

Maria Ripps: Great. Thank you so much for the color.

Jim Lawson: Thank you, Maria.

Operator: [Operator Instructions] There are no further questions at this time. Mr. Lawson, I turn the call back over to you.

Jim Lawson: Thank you. In closing, our work in the second quarter and prior quarters set the stage for a return to meaningful revenue growth in the second half of 2023. Our positive outlook is substantiated by strong quarter-to-date bookings, growing late-stage pipeline, impressive results across each of our areas of investment, and an overwhelmingly positive response from early customers and prospects. Regarding our first-of-its-kind self-service health DSP that formally launches in the third quarter. Also, the industry’s growing interest in AI, an area where we hold a decade-plus track record of development and leadership shines a bright light on our many competitive advantages, which we work hard to expand each quarter. We have never been more optimistic about our business. I am privileged to work with our smart, steadfast and dedicated team, and we all look forward to sharing our progress with you in the weeks and months ahead. Thank you.

Operator: Ladies and gentlemen, this concludes today’s conference call. You may now disconnect.

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