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TREMOR INTERNATIONAL Ltd. Tremor International Reports Results for the Third Quarter and Nine - Month Period Ended September 30 , 2021 November 11 , 2021 Company Generated Record Contribution ex - TAC of $ 76.7M for Q3 2021 , an Organic Increase of 54 % Year - Over - Year Programmatic Revenue Increased 56 % in Q3 2021 , Driven by 115 % Growth in CTV and Representing Continued Strong Organic Growth TEL - AVIV , Israel , Nov. 11 , 2021 ( GLOBE NEWSWIRE ) -- Tremor International Ltd. ( AIM / NASDAQ : TRMR ) ( " Tremor " or the " Company " ) , a global leader in Video and Connected TV ( " CTV " ) advertising , offering an end - to - end technology platform that enables advertisers to reach relevant audiences and publishers to maximize yield on their digital advertising inventory , announces its financial results for the three- and nine - months ended September 30 , 2021 . ' I'm pleased to report another record quarter , the strongest in Tremor's history , " said Ofer Druker , Tremor's Chief Executive Officer . " Core to this performance is the strength of Tremor's end - to - end technology and business platform , highlighted by a focus on CTV , which covers the three pillars of our business : DSP , DMP and SSP . Our end - to - end technology platform provides simplicity for our customers , better data empowerment for advertisers and media partners , and is accelerating the industry's move towards supply path optimization . Our core growth driver for the quarter was in CTV services , and our revenues grew 55 % organically year - over year compared to Q3 2020. ” Mr. Druker added , " We continue to deliver on our promise to expand and enhance our end - to - end CTV capabilities for customers as evidenced by our October acquisition of Spearad , an advanced CTV ad server technology enabling header bidding , which further complements our end - to - end platform offering . In addition , we recently announced our partnership with VIDAA , a smart TV operating system preinstalled on most TVs manufactured by Hisense and integrated into a number of premium original equipment manufacturers including Toshiba . This partnership further expands our US and international footprint and accelerates our growth in those key markets , while differentiating ourselves through exclusive access to VIDAA's global automatic content recognition ( ACR ) data . As we look ahead , we will continue to evaluate additional strategic acquisition opportunities , while making further investments in our product , R & D , sales and marketing to advance future growth and increase our market share . " Third Quarter 2021 Financial Highlights ( $ in millions , except per share amount ) IFRS highlights Revenues Programmatic Revenues Operating Profit / ( Loss ) Total Comprehensive Income / ( Loss ) Diluted EPS Non - IFRS Highlights Contribution ex - TAC Adjusted EBITDA Adjusted EBITDA Margin Non - IFRS net Income Non - IFRS Diluted EPS Three months ended September 30 2021 87.0 68.9 13.7 10.2 0.07 76.7 42.3 55 % 33.3 0.21 2020 56.1 44.3 4.7 9.7 0.05 49.7 19.6 39 % 15.3 0.11 % 55 % 56 % 189 % 6 % 45 % 54 % 116 % 40 % 118 % 88 % Nine Months ended September 30 2021 239.4 192.1 50.1 46.7 0.33 213.4 107.2 50 % 83.5 0.56 2020 130.4 94.3 ( 26.8 ) ( 19.9 ) ( 0.14 ) 110.3 21.4 19 % 9.6 0.07 % • Q3 Contribution ex - TAC increased organically by 54 % compared to Q3 2020 Contribution ex - TAC of $ 76.7 million o Nine - month Contribution ex - TAC increased organically by 93 % year - over - year to $ 213.4 million 84 % 104 % 287 % 335 % 333 % 93 % 402 % 159 % 773 % 716 % Third Quarter and Nine - Month Highlights : Record Financial Performance Strengthened by Significant Programmatic Activity Strong growth in Programmatic activity reinforces the Company's strategy to further enhance its end - to - end platform while leveraging technology , data and business intelligence . Momentum underpinned by strong performance in video across all screens , highlighted by growth in CTV :