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 has appointed Yonatan Maman as Chief Technology Officer and Andraz Tori as Chief Product Officer. Maman, who joined Outbrain in 2011, has held leadership roles in engineering, while Tori, a Zemanta founder, has led recommendations and data science. Both executives aim to enhance Outbrain’s technologies to meet the evolving needs of publishers and advertisers. Co-Founder Ori Lahav will transition to focus on strategic initiatives while continuing as General Manager in Israel. Outbrain has achieved significant milestones, including over $1 billion in revenue. This leadership change is expected to drive innovation within Outbrain’s product offerings, particularly in the AI and automation space, as the company enters a new era of growth.
Outbrain Inc. (NASDAQ: OB) announced it will release its first quarter 2023 results on May 9, 2023, prior to market opening. Following the results announcement, a conference call will take place at 8:30 a.m. Eastern Time to discuss the outcomes and future outlook. Investors can participate via phone or a live webcast available on the company’s Investor Relations website. Outbrain operates as a significant recommendation platform, delivering over 10 billion daily recommendations across more than 7,000 online properties, aiming to connect advertisers with a broad audience. The firm has been in operation since 2006 and is headquartered in New York.
Outbrain Inc. (NASDAQ: OB) has announced the repurchase of $118 million of its 2.95% Convertible Senior Notes due 2026 from Baupost Group Securities at a 19% discount, totaling approximately $96 million in cash, including accrued interest. This strategic move will yield a pre-tax gain of about $22 million in Q2 2023. Following this, approximately $118 million of the Convertible Notes will remain outstanding from the original $236 million issued. CFO Jason Kiviat emphasized that this buyback reflects the company's financial discipline and is a beneficial decision for shareholder value.
Outbrain Inc. (NASDAQ: OB) reassures stakeholders regarding its exposure to Silicon Valley Bank (SVB), stating that less than 5% of its cash and investments are held there. The company maintains funds at multiple large financial institutions and has an undrawn revolving credit facility with SVB, which it does not expect to utilize in the near term. Furthermore, it emphasizes that it foresees no material impact on its financial condition or operations due to SVB's situation. Outbrain's technology facilitates 10 billion daily recommendations, connecting advertisers to audiences across over 7,000 online properties.
Outbrain Inc. (Nasdaq: OB) reported its financial results for Q4 and FY 2022, revealing challenges due to a tough macroeconomic environment. Q4 revenue was $258 million, an 11% drop from the previous year, with a net loss of $7.7 million compared to net income of $39 million last year. The company’s gross profit decreased 29% to $48.1 million. Despite these challenges, Outbrain achieved profitability in Q4 and generated $17.1 million in operating cash flow. For FY 2022, total revenue dropped 2% to $992.1 million, with a net loss of $24.6 million. The board authorized a new $30 million share repurchase program aiming to enhance shareholder value.
Outbrain Inc. (NASDAQ: OB) has appointed Nithya B. Das to its Board of Directors, bringing extensive experience from her roles at Olo and AppNexus. Das, who has served as COO and Chief Legal Officer at Olo, will step down from her position at the company effective March 31, 2023. Her background includes leading AppNexus during its acquisition by AT&T for around $2 billion. Outbrain's leadership highlighted her expertise in operational excellence and governance as vital for enhancing the company’s growth strategy in the digital advertising ecosystem.
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