Net loss increased to $27.7 million in 2025, up from $19.9 million in 2024. Total revenues decreased 44% to $34.7 million in 2025 from $62.3 million in 2024. Sell-side advertising revenue plummeted 85% to $5.3 million in 2025, primarily due to a customer pausing its connection following a defamatory article in May 2024. Buy-side advertising revenue increased 10% to $29.4 million in 2025, driven by $6.0 million from new customers in new verticals. Adjusted EBITDA was a loss of $11.1 million in 2025, worsening from a $9.3 million loss in 2024. Cash and cash equivalents were $0.7 million as of December 31, 2025, with a working capital deficit of $21.7 million. Substantial doubt exists about the company's ability to continue as a going concern for the next twelve months. The company executed a 55-to-1 reverse stock split on January 12, 2026, to regain compliance with Nasdaq's Bid Price Rule, but remains under discretionary panel monitor for both Bid Price and Stockholders' Equity Rules. Converted $35.0 million of outstanding term loan obligations into Series A Convertible Preferred Stock in 2025. Secured an Equity Reserve Facility with New Circle Principal Investments LLC for up to $100 million in Class A Common Stock purchases over 36 months. Settled $3 million in third-party vendor payables by issuing up to 909,090 shares of Class A Common Stock to Continuation Capital, Inc. Identified a material weakness in internal control over the technical evaluation of accounting matters as of December 31, 2025, which is not yet fully remediated. The company is involved in ongoing defamation litigation and a consolidated securities class action lawsuit.