Outbrain Expects Q2 Adj EBITDA of $1M-$4M, FY24 Adj EBITDA of $30M-$35M
Portfolio Pulse from Benzinga Newsdesk
Outbrain anticipates Q2 adjusted EBITDA between $1M-$4M and forecasts FY24 adjusted EBITDA to be in the range of $30M-$35M, with Q2 ex-TAC gross profit expected between $53M-$57M and FY24 ex-TAC gross profit projected between $238M-$248M.
May 09, 2024 | 10:37 am
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Outbrain expects Q2 adjusted EBITDA of $1M-$4M and FY24 adjusted EBITDA of $30M-$35M, with significant growth in ex-TAC gross profit.
The positive guidance provided by Outbrain for both the second quarter and the full year of 2024 indicates a strong financial outlook. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term. The specific mention of expected growth in adjusted EBITDA and ex-TAC gross profit highlights the company's operational efficiency and profitability, which are key factors investors consider.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100