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