TubeMogul revs spike 58% in Q2
| 11 August 2015
TubeMogul has reported revenue of $45.4 million for the second quarter, an increase of 58% compared to $28.7 million in the second quarter of 2014.
Gross profit came in at $30.1 million, an increase of 54% compared to $19.6 million a year ago.
But, net loss was $1.3 million, compared to net income of $2.1 million in the second quarter of 2014.
"Our strong Q2 results were driven by our unwavering focus on brand advertisers and the tools they need to transform their media planning, buying and measurement," said Brett Wilson, CEO of TubeMogul. "Revenue from our expansion into programmatic TV contributed to our outperformance in Q2, and we are excited to begin offering brand advertisers cross-screen planning and buying, with TV as the centrepiece of this effort."
The online video company's performance was marked by growth in media channels beyond desktop pre-roll: spend in mobile, programmatic TV and display represented over 20% of global Q2 total spend.