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) operates a leading content discovery platform that uses artificial intelligence to power personalized advertising and publisher recommendations across global media networks. This page aggregates official company announcements, financial disclosures, and strategic updates for investors and industry observers.
Access real-time updates on earnings reports, technology innovations, and market expansion initiatives. Our curated collection includes press releases about AI-driven advertising solutions, publisher partnerships, and operational milestones that shape the company's position in digital media ecosystems.
Key updates cover content recommendation algorithms, advertising technology developments, and financial performance metrics. Users will find information about strategic collaborations with premium publishers, platform enhancements, and corporate governance updates essential for understanding Outbrain's growth trajectory.
Bookmark this page for streamlined access to verified information about OB's business operations. Check back regularly for new developments in content discovery technology and data-driven advertising solutions that impact digital publishing landscapes worldwide.
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.
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.
