OB - Outbrain Non-GAAP EPS of -$0.08 beats by $0.06 revenue of $225.8M misses by $9.63M

2023-08-08 06:55:30 ET

• Outbrain press release ( NASDAQ: OB ): Q2 Non-GAAP EPS of -$0.08 beats by $0.06 .
• Revenue of $225.8M (-10.0% Y/Y) misses by $9.63M .
• The reported decrease was driven by lower revenue of approximately $55.7 million due to net revenue retention of 78% on existing media partners, partially offset by approximately $29.7 million, or 12%, of growth from new media partners.

• The following forward-looking statements reflect our expectations for 2023. For the third quarter ending September 30, 2023, we expect:

  • Ex-TAC gross profit of $56.5 million to $59.5 million
  • Adjusted EBITDA of $7.5 million to $9.5 million

• For the full year ending December 31, 2023, we expect:

  • Ex TAC Gross Profit of at least $237 million, consistent with our previous guidance
  • Adjusted EBITDA of at least $30 million, increasing our previous guidance

For further details see: