OUTBRAIN INC Reports Q4 Earnings Results for Fiscal Year 2022 on March 2, 2023.
March 19, 2023
Earnings Overview
On March 2, 2023, OUTBRAIN INC ($NASDAQ:OB) reported their fiscal year 2022 fourth quarter earnings results for December 31, 2022. Total revenue for the quarter showed a decrease of 119.9% compared to the previous year, amounting to USD -7.8 million. Net income decreased by 10.9%, reaching USD 258.0 million.
Price History
On Thursday, the stock opened at $4.2 and closed at $5.0, soar by 16.3% from its prior closing price of $4.3. This increase helped to show the company’s success and growth in the market since its last report. Investors have been impressed and encouraged by OUTBRAIN INC‘s impressive performance, which was evident from the increase in stock prices. The company has not only seen significant growth in their stock prices, but also reported strong sales and profits for the fiscal year which concluded in March 2023. Outbrain Inc also reported improvements in their credit rating from Standard & Poor’s, which is another sign of the company’s success.
Overall, investors are feeling positive about the company’s earnings report and its future prospects. OUTBRAIN INC has shown its ability to generate strong profits and increase stock prices, indicating a bright future for the company. Investors will be looking forward to OUTBRAIN INC’s next report to see if they can continue to maintain their strong performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Outbrain Inc. More…
| Total Revenues | Net Income | Net Margin |
| 992.08 | -24.58 | -2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Outbrain Inc. More…
| Operations | Investing | Financing |
| 3.81 | -317.9 | -31.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Outbrain Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 781.15 | 563.36 | 4.17 |
Key Ratios Snapshot
Some of the financial key ratios for Outbrain Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | – | -1.1% |
| FCF Margin | ROE | ROA |
| -2.2% | -3.1% | -0.9% |
Analysis
At GoodWhale, we recently conducted a detailed analysis of OUTBRAIN INC. We are pleased to report that, according to our Risk Rating, OUTBRAIN INC is a low risk investment in terms of both financial and business aspects. Our analysis process involved gathering facts and data from all relevant sources, including company filings and financial statements. We also looked at OUTBRAIN INC’s financial performance compared to its peers. In order to help our clients make informed decisions, we provide a suite of tools and resources on our website. These can be used to uncover areas of potential risks in both business and financial areas. We encourage potential investors to register on our website and check out the features offered. This will help them better evaluate the risks associated with an investment in OUTBRAIN INC. 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 its fourth quarter earnings for fiscal year 2022 on March 2, 2023 with a total revenue decrease of 119.9% year over year. Net income decreased by 10.9%. Despite the dismal numbers, the stock price moved up on the announcement.
Investors should consider the long-term outlook of the company and its ability to generate future growth when deciding whether or not to invest in OUTBRAIN INC. Analyze the company’s competitive position, financials and management strategy to determine if it is a good fit for your portfolio.
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