Outbrain Inc. - OB STOCK NEWS

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.

Outbrain Inc. (Nasdaq: OB) reported second-quarter 2022 results showing a 2% revenue increase to $250.9 million despite macroeconomic challenges. However, gross profit fell 18% to $48.7 million, with a significant net loss of $10.3 million.

The company's focus is on cost-saving measures, projecting an additional $12 million in savings for the second half of 2022. Cash and cash equivalents stood at $391.4 million as of June 30, 2022. Outbrain remains optimistic about future growth, citing increased market share and ongoing investments in technology.

Outbrain Inc. (NASDAQ: OB) will announce its second quarter 2022 results on August 11, 2022, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results and future business outlook. Investors can access the call by phone or listen to a live webcast on Outbrain's Investor Relations website. Outbrain is known for its recommendation platform, generating 10 billion daily recommendations for consumers across over 7,000 online properties.

Outbrain (NASDAQ: OB) announced the resignation of Chief Financial Officer Elise Garofalo, effective June 30, 2022, after over eight years in the role. She will continue as a special advisor until year-end. Jason Kiviat, currently VP of FP&A and Investor Relations, will succeed her starting July 1, 2022. Co-CEOs Yaron Galai and David Kostman praised Garofalo's leadership, which led to profitability and a successful IPO. Kiviat, with a CPA and experience from KPMG, is recognized for his vital contributions during significant company milestones.

Outbrain Inc. (Nasdaq: OB) reported Q1 2022 financial results, highlighting an 11% year-over-year revenue increase to $254.2 million. Gross profit rose slightly to $53.9 million, while net loss was $1.9 million, a drop from net income of $10.7 million in Q1 2021. The company lowered its full-year guidance due to demand softness, especially in Europe, and ongoing economic uncertainty. Key investments in technology and new media partnerships were noted as positive factors. The company also launched Keystone™, a new platform for media owners.