Marketing tech
fromDigiday
4 days agoMeta eyes CTV expansion to fuel its next wave of ad growth
Meta is preparing to enter CTV advertising, aiming to extend its performance advertising to the largest screen in homes by 2026.
Liftoff provides a software development kit that app developers install in their apps in order to sell advertising, and a product for advertisers that uses machine learning to help them target high-quality mobile users. It grew revenue by 30% year over year to $491 million in the nine months that ended September 30. The company reported $263.3 million in adjusted earnings - a 54% margin - and a net loss of $25.6 million in that period.