Instant results impacted by digital advertising market disruptions

Instantaneous released first quarter results that highlighted how the company is feeling the effects of disruptions in the digital advertising market, including the impact of rising inflation on advertisers and changes in privacy policy Apple Inc. set up last spring.

The Santa Monica, Calif., company on Thursday reported sales that were slightly lower than its forecast and a bigger loss than Wall Street had expected. It released what it described as a cautious outlook for sales growth in the current quarter, which fell short of estimates as it worries about further setbacks in the advertising market.


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