Loading...
•
Jun 30, 2024
Outbrain Q2 2024 Earnings Report
Estimated Revenue:$231M
+56.9% YoY
Estimated EPS:-$0.0923
100.0% YoY
Key Takeaways
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.
Third consecutive quarter of year-over-year RPM growth.
Strong Onyx re-booking rate of 40% in Q2 2024.
Growth in advertiser spend on the Zemanta DSP by approximately 50% in the first half of 2024, as compared to the first half of 2023.
Outbrain has signed an agreement to acquire Teads in an approximately $1 billion transaction.
Forward Guidance
Outbrain expects Ex-TAC gross profit of $58 million to $62 million and Adjusted EBITDA of $8 million to $10.5 million for the third quarter ending September 30, 2024. For the full year ending December 31, 2024, the company continues to expect Ex-TAC gross profit of $238 million to $248 million and is increasing its expectation of Adjusted EBITDA to $31.5 million to $36 million.
Loading...
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...