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Sep 30, 2023
Outbrain Q3 2023 Earnings Report
Outbrain's Q3 2023 financial performance was within the guidance range, marked by year-over-year growth in Ex-TAC gross profit and positive free cash flow.
Key Takeaways
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.
Revenue increased slightly to $230.0 million, driven by growth from new media partners.
Ex-TAC gross profit grew by 8% year-over-year to $56.8 million.
Net income was $0.5 million, a significant improvement compared to the previous year's net loss of $4.6 million.
Adjusted EBITDA increased substantially to $10.3 million, reflecting higher Ex-TAC gross profit and lower operating expenses.
Forward Guidance
For the fourth quarter ending December 31, 2023, Outbrain expects Ex-TAC gross profit between $59 million and $64 million, and Adjusted EBITDA between $13 million and $17 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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