RBC Capital analysts provided their outlook on Tremor International Ltd (NASDAQ:TRMR) ahead of the upcoming Q4 earnings release, scheduled on March 7.
Aligned with peer results, the analysts expect Tremor to see headwinds to results from a challenging December but would note their 87% video mix makes them more defensible to the impact in display.
According to the analysts, macros remain at the top of mind particularly for 2023 sentiment as management teams have seemed cautiously optimistic on a December/January trough, while Q1 guidance will likely be influenced by when trends start to improve.
Outside of headline numbers and macro, the analysts look for progress on company-specific initiatives including the partnership with VIDAA around ACR data as well as traction from the company’s ad server in Spearad.
The analysts expect investors will be focused on the progress around the acquisition of Amobee where cost synergies have already started but will also look for incremental data around revenue synergies and consolidation of more Amobee spend on the end-to-end platform.