Outbrain Achieves Strong Results in Q1 2024 Earnings Conference Call

Friday, 10 May 2024, 00:30

Outbrain's CEO, David Kostman, discussed the company's progress and achievements in the first quarter of 2024, highlighting a strategic shift towards becoming a leading gateway to the open internet for advertisers. The company reported positive financial results and emphasized key growth drivers such as expanding share with advertisers, enhancing performance offerings, and increasing supply footprint to reach wider audiences. With a focus on technology innovations and AI-driven solutions, Outbrain remains confident in its growth and profitability targets for the year and beyond.
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Outbrain Achieves Strong Results in Q1 2024 Earnings Conference Call

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:

  1. Focus on expanding share of wallet with advertisers, brands, and agencies.
  2. Investment in performance offerings like Zemanta to drive strong performance across the open internet.
  3. 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.


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