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Digital Media Solutions, Inc. Announces Second Quarter Fiscal 2020 Financial Results

August 7, 2020 Digital Media Solutions
  • Revenue Increased 30% Year-Over-Year to 75.2 million
  • Revenue from top 5 insurance clients grew 29% quarter-over-quarter
  • Gross profit of $22.8 million, or 30.3% gross margin
  • Net income of $2.1 million
  • Combined Adjusted EBITDA of $12.6 million

CLEARWATER, Fla. – Digital Media Solutions, Inc. (NYSE: DMS), a leading provider of technology and digital performance marketing solutions leveraging innovative, performance-driven brand-direct and marketplace solutions to connect consumers and advertisers, today announced financial results for the second quarter ended June 30, 2020.

“We are happy to report strong second quarter results and are pleased with our performance as a newly public company,” said Joe Marinucci, co-founder and CEO of DMS. “Despite the unprecedented challenges and broader macroeconomic volatility as a result of the COVID-19 pandemic, we ended the second quarter on a very strong note, including growing momentum in our insurance business.”

“Marketers are increasingly demanding partners that can prove clear ROI on ad spend. Our pay-for-performance business model de-risks marketing spend across digital channels, increases the efficacy of media dollars, and drives the conversion of consumers to customers. We believe we are in a strong position to take advantage of powerful tailwinds as the secular shift of advertising dollars from traditional offline and broadcast channels to online digital channels continues to gain momentum,” concluded Marinucci.

Click Here To Read The Full Release


Contacts:

Investor
Edward Parker
(646) 677-1864
Edward.parker@icrinc.com

Media
Jack Murphy
(646) 677-1834
Jack.murphy@icrinc.com

About the Author

Digital Media Solutions

Digital Media Solutions, Inc. (NYSE: DMS) is a leading provider of technology and digital performance marketing solutions leveraging innovative, performance-driven brand and marketplace solutions to connect consumers and advertisers. DMS proprietary technology solutions, significant proprietary media distribution and data-driven processes help large brands steadily acquire more customers. For more information visit https://digitalmediasolutions.com.

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