for everyone us today. joining you thank and Chris, Thanks,
to presentation to begin, our relations I we remind with accompany to posted financial today's information investor website a that I'd Before like presentation. supplemental everyone have
to As advertiser exceeded revenue, QX spend, are and guidance Tim pleased that previously issued quarter ex-TAC, within performance our guidance we and for of growth, end for was we XXX%. issued the our previously high report EBITDA by mentioned, adjusted the contribution our
I us XXXX. up this driving on focused operational a moment, efficiencies meaningful we adjusted in about remained sets the quarter will business, we the for more but which EBITDA extremely believe in during in profitability talk
For our the fourth year over while prior X% platform quarter XX% decreased the QX. advertiser spend increasing across over
XX% spend million, a increased and year-over-year. decrease to decrease increase for $XXX.X $XX.X revenue fourth of prior representing year-over-year. period totaled advertiser year quarter, the year a QX XX% million, the versus full revenue an the In of year For XX% the XX% was versus of
the to Contribution top both totaled are million, points to of representing an fourth ex-TAC prior decrease There quarter period decrease versus a relative key year-over-year the over million, of XXXX ex-TAC to several XX% X% a and like $XX.X year year QX for performance. QX for full of was XX%. year line the de I'd increase and $XXX.X contribution highlight the
growth growth saw spending strong of pullback To due our in of declining well across That pullback in spend begin QX. stages that clients again seeing We above and in slowing conditions in by and to spend early and with. for advertiser began of and We started rates. growth macroeconomic spend a and June ultimately XXXX the QX industry concerns our some XX% with with increased the platform year-over-year to resulted these continued continued accelerating momentum we growth quarter. QX challenging QX spend XX%, XX% in
jobs price spent as discussed we for call our demand These QX In employment in did our heightened the earnings Labor, to customer fixed XXXX on exceptionally terms customers an verticals, to for of pricing on we customer last close XXXX, and well capitalize significantly in out in vertical. leveraging mark the effort option.
weakness the alone decline markets vertical QX reduced XX% QX. minimus half have this this spend a impact dynamic of more this expect their is across In customers was that labor the labor across about due the do by vertical. The as in across than XX% the any throughout changes XXXX cooled. This in vertical revenue as material well over of contribution spend contributed market. on continued XXXX de decline not news ex-TAC XXXX, good to we to in To and
In terms customer retail. verticals, first customer to our of notable like touch other I'd largest on vertical
showed in year-over-year and last continued QX As verticals in growth vertical we with and retail contrast, macro our that spend began gaming In automotive during quarter to the across slowing QX the and time solid posting in trend perform down quarter. travel the and continued mentioned, this quarter. both exceptionally weakness well our in despite CPG several growth in quarters, growth strong the with for first QX verticals
represent formats of on over spend In XX% of includes CTV advertising video, which continues platform. advertiser the and to channels, terms
streaming and mentioned, digital engaging with the channels. of to out with continued customers exceptionally perform more Chris and well in home audio As quarter more emerging these
on also year the increase three an percent a average in customers ended active spent basis. on or XXXX. net and nearly per spent basis, Advertisers active increased more We customers, times new customers customer XX of price fixed X% customers spend XXX on with of than year-over-year X% year-over-year
the which a and in quarter significant X% managed costs of ex-TAC prudently leaker X% a adjusted decrease difference operating are December, We decrease in quarter, the our during quarter. by workforce de totaled between EBITDA $XX.X discretionary and contribution of and over million approximately representing reducing expenses, year-over-year as the defined tailing our Non-GAAP quarter XX% spending.
autonomous As time, our platform. towards Chris we engineering of our mentioned further auto our advance developing teams the same continued an in to efforts at investing product and advertising goal
Our actions our with in realigned QX our top XXXX. for costs priorities
better which with $X our for we outstanding. is cost the second adjusted due approximately year. mentioned fourth share the took million by liquidity EBITDA than million. perspective, expected generated the in quarter midpoint ended previously that of of the optimization exceeded The actions a From $XXX we we the per the half $X.X million, result to cash guidance For quarter, during $X.XX
also I'll some of our of to capital macroeconomic demand a navigating that, positions environment. QX We market million strong XXXX working which and and for extremely color significant had are no of of us debt. creates We advantage front on Many our I'll sheet us. now the balance in opportunity our environment, a take $XXX turn our well provide With volatile guidance believe positive full challenging customers to expectations. year
a in our Given wider this was range QX uncertainty, we which there believe for of guidance. QX, be could outcomes reflected
the million, over contribution $XX.-- range $XX of decline the adjusted $XX which year-over-year re represents X%. of quarter which revenue negative expenses to of quarter $X.X million, a the million For of An at in of of the represents in negative in we first range a to range non-GAAP the decline million, guidance; quarter guidance midpoint X% million. the of a ex-TAC which X% $XX.X a year-over-year at expect XXXX, $XX million $X.X of X% represents and decline EBITDA approximately decline midpoint year-over-year operating of of of
our QX the the for outlook quarter. guide Couple of variant, year our creating current tough a QX and observations quarter for XXXX for general about comp for a strong was
spend in mentioned of year, in QX saw growth last ad across I XX% earlier, As platform. we the
we easier impact last in we the beginning year-over-year June of of As XXXX as the began become weakness move through macro comps year. will seeing
move expect and as growth As we the year. we rates improving such, contribution exec revenue through
initiatives each cost we the investments continuing expect expenses in of half also revenue make manage driven by and meaningful positive second ex-TAC, move increasing quarter through generating EBITDA contribution adjusted increase XXXX reduction of strategic the goal intend to closely as XXXX. We in XXXX, we XXXX and focused to the with in the EBITDA while
to continue in In we encouraged uncertainties EBITDA of long-term successfully our in to our increasing are contributing macroeconomic closing, by the front enable and of challenging growth confident market, deliver differentiation our to on to we We while top capitalize line opportunity growing market a of expansion. and remain us. be us ability the adoption points platform will believe
balance management position market. programmatic We this these in continue confident strategic fast our during discipline sheet, concludes are times that technology in prepared us share That challenging growing cost our strong investments today. remarks market growing to and our
I Operator? operator video back the to to the to questions. And with it turn that over will now open