Outbrain Posts Non-GAAP EPS of -$0.09, Beats Estimates by $0.05 and Revenues of $231.77M Beat by $4.8M
May 10, 2023
Trending News 🌥️
Outbrain Inc ($NASDAQ:OB)., a leading content discovery platform, recently posted Non-GAAP earnings per share of -$0.09 that exceeded estimates by $0.05. Total revenue of $231.77M also beat expectations by $4.8M. This was a remarkable result for the company, which provides content marketing and native advertising solutions to brands and publishers worldwide. Outbrain’s content discovery platform helps brands and publishers connect with their target audience by serving relevant content to engage users. Its self-service platform enables brands to launch and optimize campaigns, while its platform-level data and insights allow publishers to optimize content performance and create new revenue streams.
Outbrain’s products are focused on helping advertisers deliver better ROI and publishers increase their revenue. The company has established partnerships with some of the largest media companies in the world such as CNN, The New York Times, and The Guardian, allowing it to achieve greater reach and scale. The company has been able to stay ahead of the competition through its innovative products and strategies. With its impressive performance in the latest earnings report, Outbrain is set to become a major player in the content marketing and native advertising space.
Earnings
Outbrain Inc. recently reported financial results for the fourth quarter of FY2022 ending on December 31, 2022. Over the last 3 years, the company’s total revenue has grown from 245.44M USD to 257.97M USD.
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% |
Share Price
Following the news, OUTBRAIN INC stock opened at $3.8 and closed at $3.6, down by 1.9% from previous closing price of 3.7. Despite this slight dip, the market is still hopeful that the company will continue to grow as it maintains its aggressive marketing strategy and expands its product offerings. Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of OUTBRAIN INC‘s financials. Based on our Risk Rating, we have determined that OUTBRAIN INC is a medium risk investment in terms of financial and business aspects. In addition to the Risk Rating, we have also detected two risk warnings in the cashflow statement and financial journal. If you would like to explore these findings in more detail, register on goodwhale.com and check it out. More…
Peers
Headquartered in New York City, the company was founded in 2006 by Yaron Galai and Ori Lahav. Outbrain operates in 55 countries and is a publicly traded company listed on the Nasdaq Stock Exchange. Outbrain’s primary competitors are Phoenix New Media Ltd, Magmag Inc, and JOYY Inc. all of which are based in China.
– Phoenix New Media Ltd ($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
Revenue for the quarter came in at $231.77 million, beating estimates by $4.8 million. The overall financial performance of Outbrain Inc. indicates that the company has been able to maintain its financial health despite the difficult conditions of the pandemic. The financial results demonstrate that the company’s business model is viable and that it is well-positioned to continue to generate strong returns for its shareholders in the future.
Related Posts
Recent Posts
