Outbrain (OB) Misses Q1 EPS by 4c, Revenue Beats
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Outbrain Announces First Quarter 2023 Results
May 9, 2023 6:30 AM EDTNEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Outbrain Inc. (Nasdaq: OB), a leading recommendation platform for the open web, announced today financial results for the quarter ended March 31, 2023.
We exceeded our guidance for Ex-TAC gross profit and Adjusted EBITDA this quarter, despite the continued macroeconomic uncertainty, said David Kostman, Outbrain's Co-CEO. We are continuing our focused investments in product development and go-to market to drive measurable outcomes for a broader range of advertisers and publishers. We remain disciplined around our operating costs and on capital allocation decisions that we believe create... More
