Matomy has revealed that removing suspicious publishers and advertisers from its platform resulted in a revenue hit of $3.8m from June 2017 to June 2018. Net losses also tripled to $19.1m, while the company has lost almost half of its $29.4m in cash since the beginning of the year. Matomy acquired a 20% stake in the company in 2014 but since then the stock price has plummeted. Matomy remains a major shareholder, currently holding a 24.9% stake.
Matomy has revealed that removing suspicious publishers and advertisers from its platform resulted in a revenue hit of $3.8m from June 2017 to June 2018. Net losses also tripled to $19.1m, while the company has lost almost half of its $29.4m in cash since the beginning of the year. Publicis acquired a 20% stake in the company in 2014 but since then the stock price has plummeted. Publicis remains a major shareholder, currently holding a 24.9% stake.