Innovid Corp. (NYSE:CTV) Q1 2024 Earnings Call Transcript

Anthony Callini: Yes. No, I think it’s still pretty early. I mean, this is a big industry brand. Brands are going to move at their own pace. So it’s hard to say at this point, which is why we haven’t included it in guidance. Certainly for ‘25, we think it will have effect and it’s probably a little bit of to be determined for 2024 and will, as we see with the adoptions, like we’ll certainly keep everyone updated and incorporate it as appropriate into future guidance. But certainly for going into 2025, we think it will have a meaningful impact.

Operator: At this time, there are no further questions. I’d like to turn the call back to management for any closing remarks.

Zvika Netter: And I wanted to thank everybody for joining us today, and the analyst shareholders and even some of our partners and of course, employees. I’m extremely pleased with our first quarter results, the momentum that we start at the year exceeding expectations across in our top line, bottom line, free cash flow. And as you heard, I’m also incredibly excited about the initiative, the Harmony initiative and the products that we launched and share that we’re going to continue to launch throughout the year. And our ability to continue to innovate while keeping the financial, kind of strict financial framework, both at the same time, invest in areas that as we just discussed are going to generate further momentum and grow for years to come. I look forward to keep updating you every quarter on our progress. There is more content on the website on this Harmony initiative. And have a great day. Thank you so very much. Bye-bye.

Operator: This concludes today’s Innovid’s First Quarter 2024 Earnings Call. Thank you for attending. And have a great day.