Outbrain Inc. - OB STOCK NEWS

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.

Outbrain (NASDAQ: OB) announced it will release its fourth quarter and full year 2022 results on March 2, 2023, prior to market open. A conference call to discuss the results and business outlook will take place at 8:30 a.m. ET on the same day. Investors can access the call via phone or through a live webcast on the company's Investor Relations website. The replay will be available shortly after the call and will remain accessible until March 16, 2023. Outbrain is a leading recommendation platform that delivers 10 billion daily recommendations across over 7,000 online properties.

Outbrain Inc. (Nasdaq: OB) announced a new stock repurchase program approved by its Board of Directors, allowing the company to purchase up to $30 million of its common stock. The timing and quantity of shares repurchased will depend on factors like market conditions. Purchases may occur through open market transactions or private negotiations. The program can be commenced, suspended, or terminated at the discretion of the company without prior notice.

Outbrain Inc. (Nasdaq: OB) reported its Q3 2022 financial results, achieving $229.0 million in revenue, a 9% decline year-over-year, mainly due to lower demand affecting advertising spend. Gross profit dropped 30% to $41.9 million, reflecting a challenging macroeconomic landscape. Despite these issues, the net loss improved significantly from $53.9 million in Q3 2021 to $4.6 million. The company’s new business optimization platform, Keystone, is expected to enhance revenue diversification for publishers. Cash reserves stood at $344.9 million as of September 30, 2022.

Outbrain Inc. (NASDAQ: OB) will release its Q3 2022 financial results before market opening on November 10, 2022. A conference call to discuss these results and the company's business outlook is scheduled for 8:30 a.m. Eastern Time. Investors can access the call by dialing 1-844-826-3035 for domestic calls or 1-412-317-5195 for international calls. A replay will be available shortly after the call and can be accessed until November 24, 2022. Outbrain is a leading recommendation platform, providing tech-driven recommendations across 7,000 online properties.

Outbrain Inc. (Nasdaq: OB) announced the launch of Keystone by Outbrain™, a new business optimization technology designed to enhance revenue streams beyond traditional advertising. This AI-driven platform aligns various revenue-generating initiatives for publishers, including subscriptions and eCommerce, offering a more tailored user experience.

Keystone aims to increase earnings and user engagement, with early results showing a 30-50% boost in engagement for optimized placements. The technology utilizes dynamic user segmentation and a SaaS pricing model for flexibility.

Outbrain Inc. (Nasdaq: OB) announced its participation in several investor conferences. The Evercore ISI TMT Conference will take place on September 7, 2022, in New York, followed by the Citi Global Technology Conference on September 8, 2022. Additionally, the company will attend the Jefferies Israel Tech Trek on September 21, 2022, in Tel Aviv. Outbrain's management will also host one-on-one investor meetings at these events. Founded in 2006, Outbrain is a leading recommendation platform, delivering 10 billion daily recommendations across over 7,000 online platforms.