Outbrain First Quarter 2024 Earnings: EPS Beats Expectations

Outbrain (NASDAQ:OB) First Quarter 2024 Results

Key Financial Results

• Revenue: US$217.0m (down 6.4% from 1Q 2023).
• Net loss: US$5.04m (loss narrowed by 10% from 1Q 2023).
• US$0.10 loss per share (improved from US$0.11 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Outbrain EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

Be aware that Outbrain is showing 2 warning signs in our investment analysis and 1 of those is concerning...

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