Tremor International shakes up share price with guidance update

AIM-listed advertising technology firm Tremor International (LON:TRMR) saw its share price jump 29.10% to 296.92p (as of 16:00 GMT) after upgrading its revenue growth forecasts for H2. The company said that revenues in October and November were at record levels and therefore overall results would be significantly better than suggested by previous guidance.

It is now believed that revenues for the full year will be between $390 and $400 million while EBITDA will be in the $50-52 million range.