Total Revenue

5.6% decline (from $142.6M in Q3 2024 to $134.637M in Q3 2025)

Total revenue decreased reflecting softer performance overall, driven by modest revenue declines in both the On Device Solutions (ODS) and the App Growth Platform (AGP) segments, even as some regions like Asia Pacific & China showed strong growth, indicating a mixed market response and challenges in core segments. " "

On Device Solutions (ODS) Revenue

Slight decline (from $94.3M in Q3 2024 to $91.736M in Q3 2025)

Despite record revenue per device levels, ODS revenue fell slightly due to persistently lower device volumes in key markets, suggesting that strong unit economics were not enough to overcome volume headwinds. " "

App Growth Platform (AGP) Revenue

Approximately 10% decline (from $49.2M in Q3 2024 to $44.241M in Q3 2025)

AGP revenue dropped as a result of weaker advertiser demand and the impact of strategic consolidations—such as the exit from legacy business lines and transition in bidding methodologies—that reduced overall ad revenue. " "

United States & Canada Revenue

10.8% decline (from $71.598M in Q3 2024 to $63.91M in Q3 2025)

The decline in US & Canada revenue can be attributed to softer U.S. device volumes and challenges with product mix, where pricing pressures and reduced advertiser engagement affected regional performance. " "

EMEA Revenue

20.5% decline (from $54.237M in Q3 2024 to $43.14M in Q3 2025)

EMEA revenue experienced a sharper decline likely due to consolidation of legacy platforms and weakening demand amid broader regional economic headwinds, contributing to a more pronounced revenue drop compared to other regions. " "

Asia Pacific & China Revenue

62% jump (from $17.024M in Q3 2024 to $27.63M in Q3 2025)

Asia Pacific & China saw strong performance driven by increased device volumes and higher revenue per device, reflecting successful regional execution and improved advertiser demand in this market. " "

Mexico, Central America & South America Revenue

109% increase (from $0.62M in Q3 2024 to $1.30M in Q3 2025)

This region more than doubled its revenue, suggesting expansion efforts or a rebound in market conditions, though the documents do not detail specific initiatives driving the change. " "

Net Loss

64.7% increase (net loss worsened from $14.061M in Q3 2024 to $23.131M in Q3 2025)

Net loss widened significantly due to the combination of lower revenue, higher fixed and interest expenses, and costs that did not scale down in line with revenue declines, highlighting challenges in operational efficiency and cost management. " "

Loss from Operations

Increased from $9.267M in Q3 2024 to $12.753M in Q3 2025 (approx. 37.6% increase)

The rise in loss from operations was driven by a revenue decline that was not fully offset by modest reductions in operating expenses, resulting in deteriorated operating margins. " "

Net Loss per Common Share

Worsened from $0.14 in Q3 2024 to $0.22 in Q3 2025

Net loss per common share increased as the enhanced net loss, combined with a narrower revenue base per share, adversely impacted per-share profitability, reflecting the combined effects of revenue shortfalls and elevated expenses. " "