article thumbnail

Report: Snap's New Chief Business Officer Turning Around Ad Business

socalTECH

According to a report from CNBC , a new Chief Business Officer--Jeremi Gorman--has completely changed Snap's advertising business. billion in net worldwide ad revenue this year, a 30% increase over 2018, according to the CNBC report. What's behind the turnaround in the online ad business of Venice-based Snap ?

Report 113
article thumbnail

Viant Files For IPO

socalTECH

Irvine-based Viant Technology, a developer of advertising software, has filed for an IPO, saying in a filing with the SEC that it is looking to raise up to $150M in an IPO on the Nasdaq Global Market as DSP. The company reported $9.9M in net income on $164M in revenues for the year ended December 31, 2019.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Evofem Biosciences Raises $50M In Offering

socalTECH

San Diego-based Evofem Biosciences, a developer of biopharmaceuticals for female reproductive health, reported it raised $50M in its previously announced public offering. It said it will net approximately $46.6M after underwriting discounts, commissions, and expenses. The offering was run by H.C. Wainwright.

.Net 113
article thumbnail

Demand Media Reports Profit

socalTECH

Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. The firm also reported net income of $1.0M, versus $3.9M The firm reported net loss of $5.3M in revenues from Q4 of 2009.

Demand 145
article thumbnail

Rubicon Project Passes $100M Mark, Sees $125.3M In Yearly Revenues

socalTECH

Los Angeles-based online advertising technology developer Rubicon Project > has just passed the $100M mark, reporting yesterday that its 2014 year end revenues were $125.3M. The details came as the company released its fourth quarter results, where it reported net income of $1.4M on revenues of $41.8M for the quarter.

article thumbnail

ReachLocal Grows Revenues By 47 Percent

socalTECH

Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M The firm reported a net loss of $2.8M, compared with net income of $14.9M in revenues. for the quarter. READ MORE>>.

article thumbnail

OpenX Tops $140M In Revenues

socalTECH

Los Angeles-based online advertising technology provider OpenX said late Monday evening that the company has reached $140M in revenues, which it says is a record. The privately held company--which has not previously reported its revenue number publicly--said it doubled its revenue and tripled its profits in the last two years.

OpenX 100