AcuityAds Reports Fourth Quarter and Full Year 2020 Financial Results

AcuityAds Reports Fourth Quarter and Full Year 2020 Financial Results
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Generated $35.1 million in Fourth Quarter Revenue, $7.8 million in Fourth Quarter Adjusted EBITDA and $15.8 million in Full Year 2020 Adjusted EBITDA 
 Self-Serve Advertising Automation Platform, illumin, Exceeded Initial Expectations
TORONTO and NEW YORK, March 2, 2021 /PRNewswire/ - AcuityAds Holdings Inc. (TSX: AT) (OTCQX: ACUIF) ("AcuityAds" or "Company"), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across all digital advertising channels, today announced its financial results for the three and twelve months ended December 31, 2020.
Fourth Quarter 2020 Highlights
Total revenue for the three months ended December 31, 2020 was $35.1 million, a decrease of 9% compared to the same period in 2019, but an increase of 35% from the third quarter of 2020. The decrease, when compared to the same period in 2019 was attributable to the continued impact COVID-19 has had on certain industries including travel, leisure, and entertainment, which had been very strong contributors in Q4 2019. Combined, the year-over-year decline in these sectors was approximately $5.5 million.

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