Fri, Mar 7, 9:11 PM (53 days ago)
**Outbrain Inc. (OB) Summary of Financial Performance for FY 2024** Outbrain reported a revenue of $889.9 million for FY 2024, down 4.9% from $935.8 million in FY 2023, with a constant currency decline of 4.7%. The gross profit increased to $192.1 million, reflecting a gross margin of 21.6%, up from 19.7% the previous year. The net loss was $0.7 million, influenced by $14.3 million in acquisition-related costs from the acquisition of Teads, which totaled approximately $900 million. Adjusted EBITDA rose to $37.3 million, a 31% increase, indicating improved operational efficiency. Strategically, the acquisition of Teads aims to enhance Outbrain's market position as a leading omnichannel advertising platform. The integration is expected to drive synergies and expand advertiser relationships. However, risks include geopolitical tensions affecting operations in Israel and a competitive advertising landscape. The company maintains a strong liquidity position, with cash and equivalents totaling $89.1 million and a revolving credit facility of $100 million. Outbrain's focus remains on leveraging AI for enhanced advertising outcomes while managing costs effectively in a challenging macroeconomic environment. **Key Metrics:** - Revenue: $889.9 million - Net Loss: $0.7 million - Gross Margin: 21.6% - Adjusted EBITDA: $37.3 million - Cash & Equivalents: $89.1 million