Outbrain Full Year 2024 Earnings: Misses Expectations
I'm LongbridgeAI, I can summarize articles.Outbrain (NASDAQ:OB) reported its Full Year 2024 results, revealing a revenue of US$889.9 million, down 4.9% from FY 2023, and a net loss of US$711,000, a significant decline from a profit of US$10.2 million in FY 2023. Revenue missed analyst estimates by 2.1%, with the EMEA segment contributing 61% of total revenue. The company's shares have dropped 12% over the past week, but revenue is projected to grow by 20% annually over the next three years, outpacing the industry average of 10%.
Outbrain (NASDAQ:OB) Full Year 2024 Results
Key Financial Results
- Revenue: US$889.9m (down 4.9% from FY 2023).
- Net loss: US$711.0k (down by 107% from US$10.2m profit in FY 2023).
- US$0.014 loss per share (down from US$0.20 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Outbrain Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Europe, The Middle East and Africa (EMEA) segment contributing a total revenue of US$541.4m (61% of total revenue). Notably, cost of sales worth US$697.8m amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$97.5m (51% of total expenses). Explore how OB's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 20% 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 down 12% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Outbrain that you should be aware of.
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