Welcome to our dedicated page for Outbrain news (Ticker: OB), a resource for investors and traders seeking the latest updates and insights on Outbrain stock.
Outbrain Inc. (NASDAQ: OB) is a premier content discovery platform that enhances online, mobile, and video experiences by delivering personalized content recommendations. Established in 2006, Outbrain has become a global leader in connecting audiences with relevant content, driving engagement and providing valuable insights for publishers.
Headquartered in New York, Outbrain operates in numerous countries, including the U.S., U.K., Israel, Singapore, Japan, and Australia. The platform serves over 190 billion content recommendations monthly, reaching more than 561 million unique visitors worldwide. Top-tier publications such as CNN, ESPN, Le Monde, Fox News, The Guardian, Slate, The Telegraph, New York Post, Times of India, and Sky News utilize Outbrain's services.
Outbrain’s core business focuses on providing a high-quality user experience by placing ads that appear as links to articles, products, and videos on media partner sites. This strategy drives significant user engagement and generates revenue from advertisers based on the interaction with these ads. The company leverages AI and machine learning to predict engagement moments, optimizing outcomes for both advertisers and publishers.
Recent achievements include expansions and innovations that have strengthened Outbrain's position in the digital publishing sphere. Outbrain's platform supports over 7,000 online properties globally, fostering a dynamic ecosystem that benefits both content creators and consumers.
Financially, Outbrain continues to show strong performance. For the fiscal year ending December 31, 2023, the company anticipates positive trends in Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted Diluted EPS, and Free Cash Flow. Outbrain regularly updates its financial status, with the latest quarterly results to be discussed on November 7, 2023.
Investors and interested parties can engage with Outbrain through its Investor Relations website, participate in earnings calls, or access replays to stay informed about the company's financial health and strategic direction.
For more information, visit outbrain.com or contact media and investor relations at press@outbrain.com and IR@outbrain.com.
Outbrain Inc. (Nasdaq: OB) reported strong Q2 2024 results, achieving the high end of guidance on Ex-TAC gross profit and beating Adjusted EBITDA expectations. Key highlights include:
- Revenue of $214.1 million, down 5% year-over-year
- Ex-TAC gross profit of $56.0 million, up 3% year-over-year
- Adjusted EBITDA of $7.4 million, up 112% year-over-year
- Positive free cash flow of $0.3 million
The company announced a merger agreement with Teads, valued at approximately $1 billion, expected to close in Q1 2025. This merger aims to create one of the largest open internet advertising platforms. Outbrain also reported strong performance in its Onyx product and Zemanta DSP, with advertiser spend growing by 50% in H1 2024 compared to H1 2023.
Outbrain (NASDAQ: OB) has announced its acquisition of Teads, creating a leading independent end-to-end advertising platform for the open internet. The approximately $1 billion transaction combines Outbrain's AI-driven performance technology with Teads' video and branding solutions. The merged entity will reach over 2 billion consumers monthly across 50+ markets, offering a comprehensive full-funnel solution for advertisers.
Key financial highlights include:
- Expected combined Ex-TAC Gross Profit of $660-$680 million in 2024E
- Projected Adjusted EBITDA of $180-$190 million in 2024E
- Estimated synergies of $50-$60 million in Adjusted EBITDA annually by the second full year
The transaction is expected to close in Q1 2025, subject to customary approvals.
Outbrain Inc. (NASDAQ: OB) has announced the release date for its second quarter 2024 financial results. The company will unveil its Q2 2024 results before the market opens on Thursday, August 8, 2024. Following the release, Outbrain will host a conference call at 8:30 a.m. Eastern Time to discuss the results and business outlook.
Interested parties can access the conference call by dialing 1-866-682-6100 (US) or 1-862-298-0702 (international). A replay will be available for two weeks, accessible by dialing 1-877-660-6853 (US) or 1-201-612-7415 (international) with the passcode 13747507. Additionally, a simultaneous webcast of the call will be available on the Investor Relations section of Outbrain's website.
Oil Brokerage (OB), a fast-growing firm within OTC Global Holdings, is expanding its offices into Athens, after a successful debut at the Posidonia maritime exhibition. This move, driven by CEO James McNicol, aims to strengthen OB's presence in the shipbroking industry, particularly in the sale and purchase of tankers. The Athens office will enable OB to serve the influential Greek ship-owning community more effectively. OB's expansion is not to Athens; it includes new, larger offices in London, Singapore, Geneva, and Dubai, covering physical oil trading, oil derivatives, freight futures, and shipbroking. According to Joe Kelly, Co-CEO of OTC Global Holdings, OB's growth is fueled by its customer-centric approach and comprehensive trade solutions.
Outbrain has appointed Greg Archibald as General Manager and Senior Vice President of Sales for the United States. Archibald, with over two decades of experience in AdTech, will oversee all agency and brand demand functions, focusing on growing revenue, adoption, and retention of Outbrain's performance advertising solutions, including Onyx by Outbrain. He brings a proven track record from leading roles at Criteo, Yahoo, and InMobi. Outbrain's CEO, David Kostman, and Chief Revenue Officer, Alexander Erlmeier, expressed confidence in Archibald's ability to expand Outbrain's US market presence. Archibald's previous roles include leading Americas Media for InMobi and Executive Vice President for Criteo, where he significantly increased market share and revenue. Archibald aims to leverage his experience to deliver measurable outcomes and authentic brand experiences for Outbrain's customers.
Outbrain Inc. (Nasdaq: OB) achieved its Q1 guidance, improved margins and profitability, generating positive cash flow while progressing on growth drivers. Revenue decreased by 6% to $217.0 million, but gross profit and adjusted EBITDA increased. The company made strategic investments, expanded partnerships, and aims for growth and higher profitability in 2024 and 2025.
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