Outbrain, operating under the new Teads brand following its acquisition of Teads, reported significant revenue and gross profit increases in Q1 2025, primarily due to the acquisition. The company achieved its guidance for Ex-TAC gross profit and Adjusted EBITDA and reiterated its full-year 2025 guidance. Integration and synergy realization are on track.
Outbrain's Q4 2024 results showed a revenue of $234.6 million, a gross profit of $56.1 million, and a net loss of $0.2 million. The company's Ex-TAC gross profit increased by 7% to $68.3 million, and Adjusted EBITDA rose to $17.0 million. Strong cash flow was generated, with free cash flow reaching $37.6 million.
Outbrain reported a strong third quarter in 2024, achieving its Ex-TAC gross profit guidance and exceeding Adjusted EBITDA expectations. The company demonstrated improved margins and profitability, generating positive cash flow for the fifth consecutive quarter. Revenue was $224.2 million, a 3% decrease compared to the prior year period. Net income was $6.7 million, compared to $0.5 million in the prior year period.
Outbrain reported a decrease in revenue but an increase in gross profit and Adjusted EBITDA for Q2 2024. The company also announced an agreement to merge with Teads.
Outbrain's Q1 2024 results show a revenue of $217.0 million, a gross profit increase, and a net loss reduction. The company saw strong brand and agency spend, expanded supply partnerships, and generated positive cash flow.
Outbrain's Q4 2023 results showed a revenue of $248.2 million, a net income of $4.1 million, and an adjusted EBITDA of $14.0 million. The company delivered results within guidance ranges, demonstrating growth in Ex-TAC gross profit and strong growth in Adjusted EBITDA and free cash flow.
Outbrain Inc. reported a slight increase in revenue, an 8% year-over-year growth in Ex-TAC gross profit, and a significant increase in Adjusted EBITDA. The company continues to focus on cost discipline and strategic initiatives.
Outbrain's Q2 2023 results showed a revenue of $225.8 million, a net income of $11.3 million, and an Adjusted EBITDA of $3.5 million. The company exceeded its Adjusted EBITDA guidance and ended the quarter at the high end of its Ex-TAC gross profit guidance. The launch of Onyx by OutbrainTM, a new branding platform, is expected to significantly increase the company's total addressable market.