Innovid Appoints New CFO and Announces Preliminary Unaudited Q3 2023 Revenue Exceeding Guidance

Innovid, an independent advertising platform for the delivery, personalization, and measurement of converged TV across linear, CTV, and digital, announced the appointment of Anthony Callini as Chief Financial Officer, effective today, while Tanya Adreev-Kaspin, who will be leaving Innovid to pursue other opportunities, will remain for a transition period of six months. The Company also reported positive preliminary unaudited third quarter 2023 revenue of approximately $36 million, exceeding the high end of its previously provided revenue guidance of $33 million to $35 million.

“I am thrilled to welcome Anthony to the Innovid team,” said Zvika Netter, Co-founder and CEO. “His extensive financial expertise with public technology companies will be a tremendous asset to our company as we continue to scale our business, improve our operating efficiency, and drive towards expanding margins. I also want to take this opportunity to thank Tanya for her partnership and service to the company over the last 11 years. Tanya was a key pillar in our success to date and continues to be one through this transition. I look forward to following Tanya’s path forward and will always see her as a part of Team Innovid.”

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Mr. Callini has over 20 years of financial experience at growth-oriented private and public technology companies. Prior to joining the Innovid team, Mr. Callini was Chief Financial Officer at iZotope, an award-winning audio software technology company. Prior to that, he was Chief Financial Officer at Monotype, a public branding and design technology company. Mr. Callini served as the Senior Vice President of Finance at Avid Technologies, a publicly traded leading provider of media technology, and held a number of financial leadership positions at Open Solutions, Inc., a publicly traded software and services company, including Senior Vice President, Finance and Treasurer. Prior to Open Solutions, Mr. Callini held financial leadership positions with Ernst & Young LLP and Arthur Andersen LLP.

“It is an exciting time to join Innovid, and I am eager to work with the team to lead the next phase of growth. I am impressed by the market opportunity and the powerful positioning Innovid has in the future of TV advertising. I love the unique and award-winning culture, the innovation, the technology, and Innovid’s compelling financial model,” said Anthony Callini, CFO. “We remain committed to delivering shareholder value through profitable growth, and I look forward to working with team Innovid.”

SOURCE: PRNewswire