Outbrain (OB) Tops Q2 EPS by 18c, provides guidance

Outbrain (NASDAQ: OB) reported Q2 EPS of $0.10, $0.18 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $214.1 million versus the consensus estimate of $226.32 million.

Third Quarter Guidance

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

For the third quarter ending September 30, 2024, we expect:

Ex-TAC gross profit of $58 million to $62 million
Adjusted EBITDA of $8 million to $10.5 million

For the full year ending December 31, 2024:

we continue to expect Ex-TAC gross profit of $238 million to $248 million

we are increasing our expectation of Adjusted EBITDA to $31.5 million to $36 million

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

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