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Tremor International quarterly earnings jump as sales rise 96%

Tue, 25th May 2021

Software advertising group Tremor International reported a large rise in first-quarter earnings after its revenue almost doubled. Adjusted earnings before interest, tax, depreciation and amortisation for the three months through March had jumped to $27.5 million, up from $0.5 million year-on-year. Revenue rose 96% to $63.0 million. 'Management remain confident in the medium to long-term prospects of the company with Tremor well-placed to further benefit from the ongoing resurgence in the global digital advertising industry,' the company said. At 9:19am: (LON:TRMR) Tremor International LTD share price was 0p at 226p Story provided by StockMarketWire.com

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