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 (NASDAQ: OB), now operating under the Teads brand, has successfully closed a private offering of $637.5 million in 10.000% senior secured notes due 2030. The notes were issued at 98.087% of the principal amount, exceeding the initially announced $625.0 million.
The notes will be guaranteed jointly and severally on a secured, unsubordinated basis by Outbrain and its qualifying wholly owned subsidiaries. The proceeds, combined with cash on hand, were used to fully repay and cancel the senior secured bridge facility that funded the Teads acquisition, along with covering associated fees and expenses.
Outbrain Inc. (NASDAQ: OB), now operating under the new Teads brand, has scheduled the release of its fourth quarter and full year 2024 financial results before market opening on Thursday, February 27, 2025. The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss results and business outlook.
Investors can access the conference call via phone (1-877-497-9071 for US, 1-201-689-8727 for international) or through a simultaneous webcast on the company's Investor Relations website. A replay will be available until March 13, 2025, accessible by phone using passcode 13750872 or through the company website.
Outbrain (NASDAQ: OB) has completed its acquisition of Teads for approximately $900 million, consisting of $625 million in cash and 43.75 million Outbrain shares. The combined company will operate under the Teads name, creating one of the largest open internet companies with combined advertising spend of $1.7 billion (FY24) and reaching 2.2 billion consumers.
The merger unites two major contextual and interest data sets, powered by AI prediction technology. The combined company reports preliminary Ex-TAC Gross Profit of $623 million and Adjusted EBITDA of $230 million in 2024, including $65-75 million of estimated synergies. David Kostman will serve as CEO, with Jeremy Arditi and Bertrand Quesada as Co-Presidents.
The new entity will provide an omnichannel platform delivering outcomes from branding to performance across all screens, including CTV, mobile, and web. Altice, Teads' selling shareholder, will nominate two out of ten board members.
Outbrain (NASDAQ: OB) shareholders have approved the issuance of 35 million common stock shares and 10.5 million Series A Convertible Preferred Shares for the acquisition of Teads S.A. At the special meeting, over 64% of outstanding shares were represented, with more than 99% voting in favor of the Share Issuance Proposal.
The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals and customary closing conditions. The combination aims to create a global leader in Open Internet advertising, focusing on delivering full-funnel value proposition for brands and media owners.
Outbrain (Nasdaq: OB) reported Q3 2024 financial results with revenue of $224.2 million, down 3% year-over-year. The company achieved net income of $6.7 million, compared to $0.5 million in Q3 2023. Ex-TAC gross profit increased 5% to $59.7 million, with margins improving 190 basis points to 26.6%. Adjusted EBITDA grew 12% to $11.5 million.
Notable highlights include positive cash flow for the fifth consecutive quarter, with free cash flow of $8.7 million. The company repurchased remaining Convertible Notes at a 7.5% discount and reported total advertiser spend growth of 6% year-over-year. Outbrain DSP showed strong growth of approximately 60% year-to-date.
Outbrain (NASDAQ: OB) announced an expanded collaboration with Microsoft, enhancing its advertising platform through Microsoft Azure cloud integration and AI solutions. The company will scale its North American traffic on Azure and implement generative AI solutions using Azure OpenAI Service, including Dall-E model integration. This enhancement aims to deliver more relevant content and improved advertising solutions.
Outbrain's platform currently serves about 1 billion users worldwide with over 50 million daily engagements across more than 8,000 media owners. The expansion builds upon existing partnerships with Azure, MSN, and Bing, focusing on infrastructure flexibility and innovation in advertising technology.
Outbrain (NASDAQ: OB) has scheduled its third quarter 2024 financial results release for Thursday, November 7, 2024, before market opening. The company will host a conference call at 8:30 a.m. Eastern Time to discuss results and business outlook. Investors can join via phone (US: 1-866-682-6100; International: 1-862-298-0702) or webcast through the Investor Relations website. A replay will be available until November 21, 2024, using passcode 13749250.
Outbrain (NASDAQ: OB) has launched the beta version of Moments, a new immersive video experience for the open internet. This solution transforms static articles into engaging vertical video feeds, bringing easy swipeable navigation to trusted, professional environments. Moments aims to provide a social media-like experience on quality publisher sites like Fortune and Axel Springer.
Early tests show promising results, with users consuming an average of 3.2 videos per session. A 2024 MediaScience study found that Moments outperforms digital ads in several metrics, including brand recall (56% higher) and brand recognition (47% higher). The study also revealed that combining Moments with social formats led to an 87% lift in unaided brand recall.
Moments is currently being tested with selected partners in the USA, Germany, UK, Italy, France, and Spain, with a global launch planned for 2025.
Outbrain Inc. (NASDAQ: OB) has repurchased the remaining $118 million of its 2.95% Convertible Senior Notes due 2026 from Baupost Group Securities, L.L.C. The company paid $109.7 million in cash, representing a 7.5% discount to par value. This transaction will result in a pre-tax gain of approximately $8.8 million in Q3 2024.
Following this repurchase, Outbrain has eliminated its entire $236 million principal balance of Convertible Notes, leaving no remaining debt on its balance sheet. The company now has approximately $128 million in cash, cash equivalents, and investments in marketable securities.
CFO Jason Kiviat stated that this move strengthens Outbrain's balance sheet and increases its net cash balance while maintaining ample liquidity for future growth, particularly in anticipation of the expected Teads acquisition closing.
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.
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