momentum. with finished strong QX Michael. Thanks,
QX $XXX EBITDA X% and $XX margin CTV EBITDA, billion, compared As DV+ $XXX adjusted revenue Total Revenue quarter. million. last $XX from to an for the up up ex-TAC all last QX was XXXX. ex-TAC Michael was adjusted or revenue for million, XX% from increase $XX mentioned, of was our of guidance from revenue QX million, ex-TAC exceeded year. ex-TAC was revenue year. million, X%
were our for Automotive, travel food quarter. such categories and the health growth Consumer improvements. fitness retail modest more and and as verticals technology, made and top beverage
a roughly Our growth growth the double desktop. CTV, perspective, QX XX% of we the for and saw rate XX% was revenue XX% mobile international mix was that ex-TAC good From U.S. geographic
million, ago. period operating the expenses, revenue cost which to first for in includes to year million same quarter $XXX compared increased Total a of the $XXX
With the accelerated amortization, non-cash million by driven platform resulting consolidation. our of from $XX increase primarily
actions guidance along We would QX. expense operating with seasonally, offset The year and was $XX and EBITDA RIF was from to from was than of our increase related but see by and bigger office resulted million expenses costs. our This an QX personnel in event range. a increase increased within Adjusted typically travel sequentially of X% impact million from last the return increase less platform $XX
mentioned previously adjusted quarter Adjusted EBITDA was $XX and first was $XX $XX loss of amortization million $XX $XX the accelerated million, the net of period versus the loss same includes to EBITDA quarter million which year, the XX%. last Net compared of XXXX for million was million margin expense. for for
Now we our calculate ex-TAC. percentage as adjusted EBITDA a of margin revenue that
earnings impact accelerated $X.XX GAAP quarter for $X.XX quarter $X.XX $X.XX a on to QX. the amortization was to non-GAAP negative million and $X.XX, of XXXX. first diluted of loss of in share compared for share for first first loss was the and the per a basic quarter in of XXXX Non-GAAP $XX loss negative per compared reported earnings year. had in on $X.XX, a of per The expense share share of last impact XXXX GAAP
release. per share are and with income QX non-GAAP to press reconciliations earnings included The results non-GAAP our
recognize shares diluted quarter. XXXX. million for share There first expect expense XXX quarter to for for QX, QX accelerated weighted $X of were and the utilized average year. additional non-GAAP amortization basic in shares weighted average outstanding We $XXX earnings in million $XX per first the of were diluted this million Fully million and
for of define software and which were development for Capital was adjusted use expenditures both EBITDA the the as less costs flow internal equipment quarter. quarter. purchases and CapEx we $XX Operating capitalized property $XX million including million cash
$X for was expense interest net the quarter Our million.
in value quarter, retired using During of $XX million notes cash, of XX%. in our face approximately approximately purchased million convertible in the approximately first discount $XX a we resulting and
current repurchase million program shares remaining for our of common convertible the and We our debt. have $XX under
The balance of and the year-end was of around repurchase cash is our Cash at of quarter for end. on $XXX typical based end QX timing the payments seasonality million. convertible from of use notes, reduction receivable
at ratio the end from was approximately QX, year-over-year. X.Xx leverage net X.Xx down of Our
We expect Xx the at year-end. be to ratio below meaningfully
the a ability flexibility We and reduce are flow, providing to cash debt while cash maintain generate business healthy position. our and excited about strong to
We generate especially we half. evaluate as the repurchases. it strong cash continue debt in our free of cash our expect use And to continue best reduction significant in XXXX, to second share seasonally to and will to relates
our share the second the for thoughts expectations now quarter will for I year. and
recent trends. based Our guidance is on growth
measured, uncertainty continued Although been to due in the we somewhat have environment. macro the
to expect ex-TAC to of second quarter, be we the revenue million. the million range $XXX in For $XXX
$XX of range revenue to expect the million We attributable be to CTV to $XX ex-TAC million. in
adjusted EBITDA at expect slightly $XX to We increase for midpoint. between adjusted which QX $XX margin of to and approximately EBITDA million million, from QX operating expenses implies XX% the
expect we to course revenue year XXXX, for and in the full current the ex-TAC digits growth rate assuming our high For single speed. be
year business. We the in as first expect migration, that the second year CTV be costs compared across remain XXXX will complete adjusted than better of of XXXX. OpEx managing full to half our platform the the EBITDA second and will anticipate focused lower adjusted margins We or and on we EBITDA half adjusted meaningful EBITDA comparable the improvement that in show will half be
our to start unchanged expand us market and performance place as in position flow lastly, improves. advertising exceed continue we QX great less XXXX. to independent million expectation a And accelerate $XX us expect puts And market CapEx expect in is gives or as million. $XXX to sell-side company full XXXX. great and leading free margins the full the growth year Our cash a to we differentiated
for open that, With Q&A. up the let's line
