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.
Revenue was $248.2 million, a 4% decrease compared to the prior year period.
Gross profit increased by 11% year-over-year to $53.2 million.
Net income was $4.1 million, compared to a net loss of $7.7 million in the prior year period.
Adjusted EBITDA was $14.0 million, compared to $7.1 million in the prior year period.
For the first quarter ending March 31, 2024, Outbrain expects Ex-TAC gross profit of $50.5 million to $53.5 million and Adjusted EBITDA of $(1) million to $1 million. For the full year ending December 31, 2024, the company expects Ex-TAC gross profit of $238 million to $248 million and Adjusted EBITDA of $30 million to $35 million.
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