“North America is a challenge,” Ateme’s VP of Media and Monetization, Jean-Louis Lods, acknowledged to Faultline at IBC 2024. That message has certainly proven true for the French video compression vendor’s latest financial results for the first half of 2024, with revenues in the United States and Canada free falling some 61% year-over-year, dropping from €25.5 million ($28.3 million) in H1 2023 to €9.9 million ($11 million) in H1 2024. Ateme explains this poor showing by pointing towards unusually high numbers from Q1 2023 skewing the statistics, but that alone cannot be a valid reason. As shown in the below graph, this is Ateme’s worst semester in terms of global revenue in 3 years. Consolidation and cord-cutting are blamed by…