Outbrain (OB) Tops Q1 EPS by 3c ; provides Outlook

Outbrain (NASDAQ: OB) reported Q1 EPS of ($0.10), $0.03 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $217 million versus the consensus estimate of $218.36 million.

Second Quarter Guidance

The following forward-looking statements reflect our expectations for the second quarter and full year of 2024.

For the second quarter ending June 30, 2024, we expect:

Ex-TAC gross profit of $53 million to $57 million

Adjusted EBITDA of $1 million to $4 million

For the full year ending December 31, 2024, we continue to expect:

Ex-TAC gross profit of $238 million to $248 million

Adjusted EBITDA of $30 million to $35 million

For earnings history and earnings-related data on Outbrain (OB) click here.

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