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Digital Media Solutions Posts Lower Q1 Adjusted Earnings, Revenue Climbs; Issues Q2 Outlook

05/10/2021 01:56

05:43 AM EDT, 05/10/2021 (MT Newswires) -- Digital Media Solutions (DMS) reported Q1 adjusted earnings Monday of $0.09 per share, down from $0.12 per share a year earlier.

A single analyst polled by Capital IQ projected adjusted EPS of $0.12.

The advertising solutions specialist said revenue for the recent quarter climbed to $96.8 million from $72.7 million a year earlier. The Street forecast was $96.5 million. The company said it saw strong revenue growth across its business segments and its clients' increased spending on transitioning advertising to digital channels.

Looking ahead, the company expects Q2 adjusted revenue of $102 million to $107 million and adjusted EBITDA of $15.2 million to $15.7 million.

For full-year 2021, the company reiterated its revenue forecast of $455 million to $465 million and $72 million to $75 million in adjusted EBITDA.

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