TechTarget, Inc. (Nasdaq: TTGT), operating as Informa TechTarget, reported strong third-quarter 2025 financial results, showcasing sustained operating momentum with year-on-year and sequential growth in revenue and Adjusted EBITDA. The company reaffirmed its full-year 2025 guidance, targeting broadly flat revenues compared to 2024 and an increase in Adjusted EBITDA to at least $85 million. For the quarter ended September 30, 2025, revenue reached $122.3 million, a 2% increase from the prior quarter and a 1% rise compared to the same period in 2024, driven by continued strength in Intelligence & Advisory and improving performance in Brand to Demand. The Q3 net loss was $76.8 million, significantly lower than the $398.7 million net loss in Q2, though impacted by a $80.3 million non-cash impairment charge tied to a decline in market capitalization relative to book value. Adjusted EBITDA grew 9% year-on-year and 30% sequentially to $22.6 million, with an Adjusted EBITDA margin of 18.5%, reflecting improved operating leverage and cost optimization. The company has largely completed its reorganization plan, which has reduced costs, streamlined team structures, and enhanced decision-making speed. This has enabled a stronger focus on high-growth areas such as AI, cybersecurity, and channel markets. Key strategic initiatives include the launch of the Informa TechTarget Portal, a new product integrating the combined Audience dataset to deliver expanded reach, enhanced intent data, and seamless cross-platform experiences. The Intelligence & Advisory business has been unified under the Omdia brand, simplifying the market proposition and unlocking new cross-selling opportunities. Cost synergies are outpacing expectations, with the company now targeting at least $10 million in cost synergies for 2025—more than double the initial $5 million target. The reorganization, which incurred $12.4 million in one-time costs in Q3, is on track to deliver $20 million in annualized operating expense savings. The company also reported a strong balance sheet, ending the quarter with $46.3 million in cash and cash equivalents and $120 million drawn from its $250 million revolving credit facility. Looking ahead, Informa TechTarget remains confident in its ability to sustain momentum into the seasonally strong Q4, supported by an improving sales pipeline and early positive client feedback. The company emphasized its long-term vision to become an indispensable, expert-led, data-driven, and AI-enabled partner for the B2B technology industry, serving a $20 billion addressable market by connecting buyers and sellers, accelerating growth, and shaping market outcomes. Management will discuss the results in a conference call on Monday, November 10, 2025, at 5:00 PM ET. The company continues to provide non-GAAP financial measures, including Adjusted EBITDA and Combined Company metrics, to help investors assess performance, with full reconciliations available in the accompanying financial statements. Forward-looking statements are subject to risks and uncertainties, including integration challenges, market conditions, and macroeconomic factors.