MarketPR
Programmatic advertising at VerticalScope Holdings (TSE:FORA) posted an 8% year-over-year decline in the second quarter of 2026, compressing sharply from 34% in the first quarter, while the company said it was in advanced discussions with a major technology company on an ongoing AI-content licensing arrangement.
Chief Executive Officer Chris Goodridge called the move into single-digit decline the quarter's most important trend. The next catalyst to watch is a definitive agreement on that licensing deal.
The numbers Q2 revenue came in at $13.8 million, down 5% year over year and up 20% sequentially. Adjusted EBITDA rose 4% to $4.5 million, with margin expanding 270 basis points to 32%.
Net loss narrowed to $800,000 from $1.8 million in the year-ago quarter. Free cash flow conversion was 81% in Q2 and 83% for the first half.
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