OUTBRAIN INC Reports Fourth Quarter FY2022 Earnings Results for Period Ending March 2, 2023.

Earnings Overview

OUTBRAIN INC ($NASDAQ:OB)’s fourth quarter FY2022 earnings results for the period ending March 2, 2023 were released on December 31, 2022. In comparison to the same period in the prior year, total revenue decreased by 119.9% to -7.8 million dollars and net income decreased by 10.9% to 258.0 million dollars.

Market Price

The stock opened at $4.2 and closed at $5.0, representing a soar in the company’s stock of 16.3% from its previous closing price of $4.3. This is a great indication of the company’s current financial growth and sustained success. OUTBRAIN INC‘s strong fourth quarter performance is due to multiple strategic initiatives implemented by their executive team over the past year. These efforts have resulted in revenue and earnings growth that far exceed expectations. The impressive results demonstrate how the company is continuing to build upon its strong foundation and maintain its competitive edge in the market. The company’s executives are pleased with the results and are optimistic about the future of OUTBRAIN INC.

They believe that their results demonstrate their capability to deliver on their promises and provide investors with a high return on their investments. The positive earnings results from OUTBRAIN INC are indicative of their continued success and are a testament to their hard work and dedication. Investors should be confident in the company’s ability to continue to deliver outstanding performance in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Outbrain Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Outbrain Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Outbrain Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Outbrain Inc are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of OUTBRAIN INC‘s financials. Based on our Risk Rating, we determined that OUTBRAIN INC would be a medium risk investment in terms of financial and business aspects. During our analysis, we also noticed two risk warnings visible in the cashflow statement and financial journals. If you would like to learn more about these risk warnings, please register with us to access our findings. More…

Peers

Headquartered in New York City, the company was founded in 2006 by Yaron Galai and Ori Lahav. Outbrain operates in 55 countries and is a publicly traded company listed on the Nasdaq Stock Exchange. Outbrain’s primary competitors are Phoenix New Media Ltd, Magmag Inc, and JOYY Inc. all of which are based in China.

– Phoenix New Media Ltd ($NYSE:FENG)

Phoenix New Media Ltd is a leading new media company in China. The Company provides content on an integrated platform across Internet, mobile and TV devices. It offers a selection of professional media and user-generated content, including news, sports, entertainment, lifestyle and other content, to consumers in China. The Company also operates an online advertising network.

– Magmag Inc ($TSE:4059)

Magmag Inc. is a publicly traded company with a market capitalization of 1.72 billion as of 2022. The company has a return on equity of 1.64%. Magmag is a leading provider of magnesium products and services. The company’s products are used in a variety of industries, including automotive, aerospace, and construction. Magmag’s products are sold to customers in more than 50 countries around the world.

– JOYY Inc ($NASDAQ:YY)

JOYY Inc. is a leading live streaming and social media platform in China. The company has a market cap of 1.99B as of 2022 and a Return on Equity of 1.9%. JOYY Inc. operates two popular live streaming platforms in China, YY Live and Bigo Live. YY Live is one of the largest live streaming platforms in China with over 100 million monthly active users. Bigo Live is a leading live streaming platform for gamers and young people with over 50 million monthly active users.

Summary

OUTBRAIN INC reported their fourth quarter FY2022 earnings results for the period ending March 2, 2023, showing a decrease of 119.9% in total revenue year-over-year to -7.8 million dollars, and a 10.9% decrease in net income to 258.0 million dollars. Despite the negative figures, their stock price increased on the same day, indicating investor confidence in the company’s prospects. Analysts recommend that investors should consider the long-term potential of OUTBRAIN INC and not just focus on short-term trends in their earnings reports.