illumin revenue grows over 60% sequentially to $5.2 million with further sequential growth expected throughout the second half of 2021
AcuityAds Holdings Inc. the leading technology company that enables advertisers to connect intelligently with audiences across digital advertising campaigns from a single platform, provided an update today on the recent performance of its new advertising automation technology, illumin.
Recommended AI News: Panasonic Expands Digital Wireless Microphone Ecosystem With New Product Additions
In Q2 2021, revenue attributable to illumin increased over 60% versus the first quarter of 2021 to $5.2 million. Demand for the platform continues to be very robust with strong growth in its sales pipeline. As a result, the Company believes illumin’s revenue will experience sequential growth in Q3 2021.
“illumin revenue and pipeline growth exceeded our internal expectations once again. We ended the second quarter with 40 illumin clients up over 135% versus the first quarter and we believe this number will continue to increase significantly in the quarters ahead. Our clients tell us they love the ease of use of the illumin platform and the great data-driven insights they can get via their consumer journeys. Once again, the vast majority of illumin revenues came from clients which are new to the Company,” said Tal Hayek, CEO and Co-Founder of AcuityAds. “Given our rapidly increasing backlog and pipeline, we believe illumin’s sequential revenue growth will see solid momentum throughout the second half of the year.”
Recommended AI News: cloudHQ Releases New Way To Manage Online Sales From Your Phone With “Emails To Sheets”
Comments are closed.