illum Holdings Inc. reported a 13% year-over-year increase in second quarter revenue, reaching $33.1 million. Self service revenue saw a 5% growth, while Managed service revenue declined by 24%. Exchange service revenue surged by 114%, with a gross margin of 43%. Adjusted EBITDA was a loss of $1.0 million, compared to a profit of $0.5 million last year.

The company onboarded 31 new Self service clients during the quarter, reflecting efforts to target higher-spend clients. Managed service revenue was down due to challenges in client acquisition. illumin launched a new AI forecasting tool for Self service customers, with promising customer engagement. The company also initiated cost reduction and restructuring initiatives to improve profitability.

CEO Simon Cairns highlighted solid revenue growth driven by Exchange service and Self service. Cairns expressed optimism in stabilizing Managed service revenue and enhancing profitability through cost reduction initiatives. CFO Elliot Muchnik emphasized the focus on cost management and growth initiatives to drive sales and improve profitability.

illumin Holdings Inc. provided non-IFRS measures, including “revenue less media-related costs,” “Gross margin,” and “Adjusted EBITDA,” to supplement IFRS measures and enhance understanding of financial results. The company’s focus remains on balancing cost management with investments for growth and profitability. These measures are used to highlight trends in the business performance.

For more information or to join the conference call on August 7, 2025, visit illumin’s website. The company’s financial statements show a decrease in cash and cash equivalents due to operating activities. illumin’s strategic initiatives aim to drive revenue growth while enhancing profitability through cost management and restructuring efforts. The company is poised for continued success in the evolving digital advertising landscape.

Read more at GlobeNewswire: illumin Reports Second Quarter 2025 Financial Results