Innovid Corp. (NYSE:CTV) Q4 2022 Earnings Call Transcript

So in terms of Q4, specifically, some people ask us about, verticals specific verticals, because that’s like going to the post-COVID supply chain issues and the word like ripple effects where one part of the industry will be hurt more than another part of the industry. So we’re happy to report that auto, which is again, you see it on television. So the stuff you see on television is how we make money. So auto has recovered and “back to normal”. And we see in Q4, like consumer electronics, technology telco, was declining more than usual, right? So it’s like — but these are specific verticals. I don’t — the key thing here is the macro, because the macro impacts everybody. So even if you’ll see different verticals, and you’ll see some recovery in Q1 from certain verticals, the big story here is that the macro environment and their overall spend, and I’m not sure anybody has a crystal ball to say like how exactly this year will pen out from the economy perspective and advertising spend perspective.

But in terms of how we model this year, we model this is a flat, normal, but normal cycles, so normal seasonality. And if there’ll be a recovery earlier, then you’ll see a much stronger H2 than compared to H1, but this is not how we are modeling our investments for this year.

Tanya Andreev-Kaspin: Okay. Thanks, Shweta.

Zvika Netter: Thank you, Shweta.

Operator: Thank you. Ladies and gentlemen, this brings us to the end of today’s question-and-answer session and today’s teleconference. We would like to thank you for your participation and interest in Innovid. You may disconnect your lines or log off the webcast at this time and enjoy your weekend.