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Podcasting Business Remains ‘Very Strong’ For Veritone.

Veritone reported first quarter revenue totaled $11.9 million, a decrease of 1.8% compared to a year ago. And while first quarter advertising revenue totaled a $6 million, an 8% drop from fourth quarter, it was still up 5% year-over-year. On a conference call with analysts. Veritone President Ryan Steelberg said the company is witnessing a strong pickup to new ad networks business VeriAds. “We expect our advertising revenues to rebound somewhat in Q2 due to new client campaigns and growth in VeriAds."

Read the full story at PodcastNewsDaily.

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