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) 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.
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.
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