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 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.
Outbrain Inc. (Nasdaq: OB) announced its participation in three upcoming investor conferences. The Needham Technology & Media Conference will take place on May 17, 2022, in New York. The Oppenheimer Annual Israeli Conference is scheduled for May 23, 2022, virtually. Lastly, the Jefferies Software Conference is set for June 1, 2022, in San Francisco. Management will also host one-on-one meetings at each event. Founded in 2006, Outbrain offers a leading recommendation platform, delivering 10 billion daily recommendations across over 7,000 online properties.
Outbrain Inc. (NASDAQ: OB) will report its first quarter 2022 results on May 12, 2022, before the market opens. Following the release, a conference call will be held at 8:30 a.m. (Eastern Time) to discuss the results and future business outlook. Investors can participate by dialing 1-877-407-9208 or via a live webcast on the company's Investor Relations site. Outbrain is a leading recommendation platform, generating 10 billion daily recommendations across over 7,000 online properties, aiding advertisers in audience engagement.
Outbrain Inc. (Nasdaq: OB) announces a strategic partnership with Axel Springer, Europe’s leading digital publisher, to power sponsored content recommendations for its German digital publications. Starting March 30, 2022, the collaboration includes well-known brands such as BILD, WELT, and several others, enhancing personalized user experiences and supporting monetization through native advertising. Outbrain's advanced contextual technology and commitment to quality will drive greater reach and ad effectiveness across a significant German internet audience.
Outbrain Inc. (Nasdaq: OB) announced a multi-year expansion of its partnership with Microsoft, leveraging Azure to enhance its media platform. The collaboration aims to drive innovation, improve connectivity between advertisers and publishers, and support independent journalism. Outbrain's platform currently serves over 1 billion consumers and processes 10 billion daily recommendations across 7,000 media partners. The partnership emphasizes Outbrain’s commitment to delivering effective advertising solutions and aims to accelerate its global expansion and development cycles.
Outbrain Inc. (Nasdaq: OB) has expanded its partnership with Sankei Digital, a major digital publisher in Japan. The collaboration now includes implementing Outbrain's technology on Sankei's flagship platforms, Sankei News and Sanspo Sports. This move follows successful prior partnerships, enhancing pageviews, user engagement, and profitability. Outbrain's technological reliability and commitment to brand safety were highlighted by Sankei's management. The partnership began in 2015 and now signifies a long-term growth commitment in the Japanese market.
Outbrain Inc. (Nasdaq: OB) reported record revenues of $290 million for Q4 2021, reflecting an 18% year-over-year increase. Full-year revenues surpassed $1 billion, growing 32% from 2020. The company's gross profit for Q4 was $67.5 million, up 15%, and net income soared to $39 million, boosted by a one-time tax benefit. Outbrain's acquisition of video intelligence AG was announced, valued at approximately $55 million. Despite strong growth, adjusted net income showed a decline. The company's Board authorized a $30 million share repurchase program to enhance shareholder value.
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