Outbrain Achieves Strong Results in Q1 2024 Earnings Conference Call
Friday, 10 May 2024, 00:30
Outbrain Q1 2024 Earnings Conference Call: Key Highlights
Outbrain's CEO, David Kostman, discussed the company's progress and achievements in the first quarter of 2024, emphasizing strategic growth drivers.
Financial Results Overview:
- Generated extra gross profit of $52.2 million and exceeded adjusted EBITDA guidance by reporting $1.4 million.
- Delivered positive free cash flow of $4.6 million.
Strategic Initiatives:
- Focus on expanding share of wallet with advertisers, brands, and agencies.
- Investment in performance offerings like Zemanta to drive strong performance across the open internet.
- Expansion of supply footprint to reach consumers across diverse media types beyond traditional web publishing.
Outbrain continues to innovate with AI-driven technology and premium publisher partnerships to drive growth and profitability in 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.