Amagi announces over 100% revenue growth (Y-O-Y) as demand for CTV-led content experience grows.

NEW YORK: Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV, today announced over 100% revenue growth Y-O-Y for the quarter ending June 2022 (Q1), propelled by the global surge in demand for connected TV devices and the free ad-supported streaming TV (FAST) viewing experience. In Q1, Amagi's growth continued to accelerate supported by an increase in customer acquisition, a rise in ad impressions and employee headcount investment.

The company's strong all-around performance is a result of impressive traction for its innovative streaming TV solutions. As the rise of CTV and FAST streaming channels alter the TV landscape -- with FAST penetration among households having more than doubled year over year in 2021 -- Amagi has kept shifting viewership patterns at the center of its innovations, making the broadcast workflow cost efficient and supporting the growth of the FAST phenomenon. What's more, Amagi has the most extensive FAST TV platform partnerships across the world, enabling content owners and advertisers to capture new audience segments through wider distribution.

With such robust market demand, Amagi experienced a number of key milestones in Q1. Winning new customers including Cox Media Group and Banjiay Rights, Amagi has expanded its growing global operations and entered new regions -- most recently, South Korea and Australia. At the same time, the company has seen a growing demand for its products in the U.S., leading to a notable increase in U.S. sales. To serve customers in these regions better, Amagi has invested in sales, account management, and customer support teams, adding over 50 employees in the U.S. alone to its workforce.

Amagi has also continued to expand its leadership team, appointing industry veterans James Smith as EVP of Global Ads Sales & Programmatic, Daniel Marshall as EVP of Global SaaS Sales, Marco Di Giacomo as Chief Marketing Officer, and Prasad...