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."
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