Thanks everyone, Jeff with team us glad afternoon Jeff and the good Ellipsis have and to today. here
We had a build third to provides network, of a supported distribution mission operations. production that highly by unique leading AVOD productive content valuable early solid quarter our and our our and library validation
months, enable to fruits four taken put sustainable initiatives executed the of we our our low XX we've build successfully long-term million our to approximately the networks. risk Crackle of we began a end high that In areas transform and distribution a to losing in fourth a that year quarter, business the efforts the invest also see growth. growth. about content in in At cusp We all integration the fuel and our profitable third quarter, beginning of five engine operations to plan. on are AVOD it Early production of we value as
and market. in your to color quarter want opportunity the some Chris here as color a on to forward put the front and questions. we our developments third add of the dynamic around what very I results in provide us me today, here an then well. picture on fourth we'll AVOD is results, And and Mitchell time context my With with bigger some in update look is offers quarterly and execution
of And the television Plus impacts. XX.X and full of quick We was QX, summary of online networks from a topline distribution our operations million quarter by with which totaled up contributed let through results. networks first of primarily delivered me transitional revenues Crackle record by led performance over Net our more content first than revenue despite provide film So million screen business. media. XX% seasonal our came of and XX balance
topline technical of Crackle issues branding company, to Roku with lighter our due record app associated the represented have temporary this the performance our it While for on of was than update some would the platform. have we liked
As of were later the a in not the about quarter, part served result, in a of revenue number sizable impact. third million in resulting ads $X
on and ad quarter. been has issue we The app Roku fully exited our rectified performance the normalized before
our in seen performance. with as well. networks that October trends this usually to and viewing seasonal this report for calendar last in streams QX to lower combined returning September, issue, we Total July, over on grew seasonal in levels nearly have We're However, the XX% high see corrected trends pleased impacted year. Crackle among
are early improvement Going Some the tremendous series Plus months shortly. which this But our in Crackle From range on networks success the up Unique I the rates subsidiary remains is expect Popcornflix due we our will and up to those XX% five new to $X overall $XX of levels. to to closed. And since discuss Crackle. visitors were Broke, strong in of approach X% total do streams eCPMs
our sales to begun stack execute the crackle consolidated have on initiative we to onto As platform.
third our I Midway loss million. in X EBITDA There to factors say strong totaled that confidently expect we both continued audience near are out a we year. and performance. evaluating modest EBITDA in for as term growth Adjusted several can through the quarter close of consider the revenue QX,
the been was impact now of first rectified. the Roku glitch, unexpected is The which
marketing series partially connection we Going began up Broke. From efforts wrap with our in network our Secondly, to
we benefiting year-to-date in model, from reconfigure Third, million we and production it. yet not are our of losses the carrying modest - are $X changes as approximately
will we EBITDA significantly, QX until QX of adjusted the with most the end of revenue anticipated. have originally and instead associated million of X library not and million approximately acquisition X is approximately be recognizing Finally
provides on we significant EBITDA doing see what was good growth of an bit a than in Despite and lower XXXX. that near why. adjusted to early we the QX it's glimpse term, worth we're a reflecting the In transitional ramp expect quarter in expected,
at isn't easy which time, As you but the to two can will same happening do, quarters. coming the valuable see, in in our transformation prove parts is
of TV, well The or first is at VOD, video I'm Max aware to enormous is and of and most the been AVOD sure that current as the ad mistake you're our Make Hulu, we've on focus networks of war, and Netflix, of is of SVOD building the business now SVOD hand more. growth amount Amazon, the acquiring company. all this focus activity in subscription and battle, much HBO, of demand where world global supported important AVOD. the referring aspect the transformation on future no streaming among Apple Disney+, on our or
get for they when options going where to they're it. and the best their pay content and now, choice have Consumers want to
billion also As would to where move great and consumers TV they appear risk subscriptions, the choice subscription content. is. be at to spend to how the not traditional to they cable cut from for to loose dollars, supported choice and Consumers only great to bundle as $XX ad have model it get and have spend a business streaming want
using global reach comes recent report on R, SVOD out, just ad billion spend. AVOD in not market growth play from of XXXX global platforms expected wars Associates ad recent as to headlines. only OTT W, XX XXXX the U.S. C in Parks by to WARC, the side according AVOD of as of accounts XX% which a ad A, is According the up by based spending So nearly the based prominently is rising the one-third as our are to That for broadband services, X% report. now households rapidly,
to relevant access consumers broader arrays a becoming while is as they programming, proven model seek on money more is subscriptions. AVOD to that limiting the we spending believe of they're
advertisers for and networks evolving leadership. our appetite traditional quickly have eyeballs to platforms. tremendous supported ad as already see and from away In scale also We we move market, streaming this established growing television
we only among if AVOD form long our ranked add the by acquisitions on have two our networks AVOD about of and we've in property Crackle number are offer on estimated In viewership AVOD. largest largest We And share the focused other to Roku an said, in Imagine And XX%. channel. networks. seventh access we're our Based is of content. growing advertisers you that recent Popcornflix networks previously the as share television through survey for AVOD total, behind audience
cash. Additionally, marketing like well. the million lots and most we AVOD acquired most of our you as attractive grow Moreover, in thrown a roadmap sector. part was of to have as Going of organically see on now in we around, Broke, positioned test opportunities are by XXX others From In for and successful a names YouTube Viacom Pluto, result AVOD prominently which
channel to talk of about to networks, the are of YouTube speaking to demand. a are number AVOD, TV linear porting cable essentially platform And eyeballs. on market. of a series we separate specifically long follow focused the viewing films segment players existing the streaming Short-form we're form a like providers streaming When on and
advertiser shareholder value. market dollars, the other create our for focus positions and these While on strategic networks to us compete uniquely VOD
by any drive have Chicken we're library size, Screen it access To hours our XX,XXX advantage. acquisitions and a Screen and audience, us, Soup competitive of Soul’s That's we growth to through Between for subsidiary, for access Media. content owned company network over that's programming. Media large of to strategic great a the titles content in by and focused our AVOD needs growing brand, for on
has our nominated our of Rom-Com XX This Media and the and Crackle including Lone Survivor Douglas. with Keaton Wahlberg acquisition Michael in and recent grow Berg’s on library Oscar strategy to exhibition library networks. content our Diane illustrates Screen Our starring library it Peter Foresight films for goes Plus so Mark
Nick film to January. go next Foresight start Best Michael also starring Caine set has filming Wonderland production into set two upcoming Sellers Cage, starting in to month. Wally's And projects
and The production partnerships, of our and in service innovative newly Group, drives of Studio content. support We're library, profitably is growth produced doing our for our business. the using newly studio and networks. outsourced Screen And distribution which Media growing formed to to the by like business this primary lower and network de-risk fully goal revenue the AVOD growth audience of Landmark faster production costs
and The production Studio newly independent to and capabilities in of partnership Landmark is creation launched more Ozer. of production of and risk. created production Studio reduce Landmark effective beginning to example the put David prior be production. scripted It cost first the was house simplest guarantees Group is out series in offset with terms David where moving through agency the to films to it costs team production for a his
our promising supports Crackle in goal content projects development. our of film hours delivering already library. content has a to and to This Landmark networks, and getting various Plus stages great more of television dozen
we'll this XXXX. of So to the get see benefits model in
also but production outside funding exposure. secured again our de-risks for We Landmark
experience his include of and to Cube Ice directed by Safehaven confident growing to Anatomy, Ellen History featuring projects upcoming who new we're the Fix in Gangster and by Dogg our add by in directed programs Homeland Pompeo, David The Ice-T business. Rap, his Turner, ability and Snoop produced Dr. and XX. Our so produced brings IDW Landmark, Grey's successful to Dre, Brad
additional Landmark company. We our plan activity by scale to us create outside help and production will which de-risk launching similar to the production that entities business
Our premiere the epidemic latest is when The possible executive of student series Going what's debt. and of October example was growing on on From content in Ashton puts series our a a network. which Crackle Kutcher produced debuted Broke, on great by we exclusive spotlight
hit series to just in generated shines as compelling The to ad views million of skills million audiences. and X half of point series yesterday, valuable in provides how a and will Our changes validating days, five The revenue weeks. the our on to date is X practical estimated beliefs four get series make views light that content on issue only find at out broke $X.X Crackle in on on financial debt. an million
was production. production of with EBITDA. already model line to profitable series and by because offset integrations We're in our development going use sponsor costs XXX% future this our to grow beginning brand to And strategy, content prior were same the
early win to get of Going want, in and and it ability our audiences made nimble our how great example effectively. From identifying Broke an as be to a what cost
these production we support We're business AVOD our distribution activities as build and to execute our continuing of on to each networks.
we There tuned. you'll opportunities see transitional a some executing strategy, we the stay away in significant and things number us past. are One costs of have costs, is on the series have from the moving production. pipeline be in-house traditional doing We differently will than TV example in so to
best businesses reflect to strategy, and maximize together formerly new As model our these our distinct we're team opportunities. than this part of business to reflect our bringing
next We quarter, production will two report and beginning AVOD distribution focused segments networks businesses a on combined as and and distribution us production. giving structure
potential the Broke, Plus, the acquisition backdrop, Going for of So Crackle Foresight rapid all strategy that with like clear is our like focused continue the focus our through that through of The From in financial start bear building strong production and on continue as M&A Foresight. growing we're Landmark a our AVOD well progress, beginning it's as library launch our evidence for pipeline are content momentum progress. library as our to growing evaluating fruit. opportunities - networks, the Landmark to existing space, AVOD To deals deals
In of to for investing network better at priorities, term and We by across the to future. and direct us drive, the direct near for experience operations. there a instructive, in marketing in the grow as Broke business also look and how in is The not Going addition our growth close our are think opportunity but also for our only build in a look series, long-term we strong consumers Going as we've come the who seen taking for the viewership capabilities - Broke, marketing and accelerate best has our been sales From indirect our of planning more more talent growth content. meaningful to resources From position our audience to at
investments our about in the becoming on The initiatives for strong talking first deal be all of platform. in in future contributor an AVOD future Foresight be In in our performance will immediate transform pre-sales pieces more support QX, a the place library pipeline for company will here calls. these will and the the of Making our with XXXX. growth sales also particular be to time. near We’ll
QX, in months operations stay quarter strong Crackle the growth that which to of period. not first quarter-on-quarter have especially will is and noteworthy we growth is which it q-on-q added We the in additional of
rapid also sets the QX a we reflect that growth distribution build in be caution We however, expanding business. top believe marketing distribution EBITDA up anticipate as solid results from that would and that impact production will and our we growth networks expanding exciting and investments. see I what cost line adjusted though will a all an performance, AVOD for XXXX us our we and fuel business All strong -
strategic revitalized model. To right of right our the place wrap We in and think we up, early the making seeing business great are we're at validation progress time.
leading will takes to a place we biggest are play dawn truly strong because major streaming. Increasingly, low Thanks bring AVOD partners in As this we revolution exciting opportunity players we’re again. positioned major a the content, approach positioning that proven to the and win of operating and strategy, entertainment change role platform move nimble in since including risk unique for as an television production assets scale, preservation. emphasizes and AVOD capital
And now, to I'll turn it Chris. over