Marin Software (MRIN) Reports Q3 Loss of $0.77, Revenues Beat; Q4 Revenue Outlook Below Consensus

Marin Software (NASDAQ: MRIN) reported Q3 EPS of ($0.77). Revenue for the quarter came in at $13.2 million versus the consensus estimate of $29 million.

"I'm pleased to announce that Marin continues to see robust growth in our Amazon Ads business, with an 82% rise in managed spend quarter-over-quarter," said Chris Lien, Chief Executive Officer of Marin Software. "Strong adoption of the Stories ad format across Facebook and Instagram is also notable, as advertisers push budget towards this new and engaging ad format. Looking at the big picture, it\'s truly encouraging to see digital advertisers embracing our vision for MarinOne as an independent ad platform that unifies search, social and eCommerce spend."

GUIDANCE:

Marin Software sees Q4 2018 revenue of $11.6-12.1 million, versus the consensus of $30.3 million.

For earnings history and earnings-related data on Marin Software (MRIN) click here.

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