Q2 net loss narrows to $(4.2)M on 35% revenue growth

Filed August 13, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Disclosure controls deemed ineffective due to unremediated material weakness in IT general controls, including inadequate segregation of duties and insufficient IT resources. Remediation efforts expected to continue through 2026.

  Controls and Procedures verify on EDGAR →
• high

  Q2 2026 revenue grew 35% YoY to $219.5M, driven by 36% growth in Core Advertising revenue. Net loss narrowed from $(23.8)M to $(4.2)M, and Adjusted EBITDA expanded 55% to $132.3M with margin improvement from 53% to 60%.

  MD&A: Q2 FY2026 Results verify on EDGAR →
• medium

  Completed migration from legacy linear regression models to Cortex, an AI-powered next-generation platform using advanced machine learning to optimize ad targeting and bidding. Migration occurred between Q4 2023 and early 2025.

  MD&A: Technology Platform verify on EDGAR →