NASDAQ$TEAD

TEAD Holdings Co · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Achieved Q1 guidance, improved margins and profitability, and generated positive cash flow while continuing progress on growth drivers.

Outbrain's Q1 2024 results show a revenue of $217.0 million, a gross profit increase, and a net loss reduction. The company saw strong brand and agency spend, expanded supply partnerships, and generated positive cash flow.

  • Total direct spend from brand and agency customers reached over $100 million, representing over 40% of total advertiser spend.
  • Partnership with Scope3 launched OnyxGreen, reducing carbon emissions by up to 30%.
  • Advertiser spend on the Zemanta DSP grew by approximately 40%.
  • Supply partnerships beyond traditional feed inventory now drive over 25% of total advertiser spend.

Headline financials

Total Revenue

$217M

Previous: $232M-6.4%
EPS (adj)

-$0.10

Previous: -$0.09-11.1%
Capital Expenditures

-$1.34M

Previous: -$3.75M+64.4%
Free Cash Flow

-$6.38M

Previous: -$9.35M+31.8%
Net Income

-$5.04M

Previous: -$5.61M+10.1%
Operating Income

-$6.6M

Previous: -$9.31M+29.1%
Gross Profit

$41.6M

Previous: $41.2M+1.1%
Cash & Equivalents

$71.4M

Previous: $73.2M-2.5%
Total Assets

$627M

Previous: $746M-16.0%
R&D Expense

$9.19M

No prior period
Stock-Based Comp

$2.93M

Previous: $2.61M+12.1%

Revenue & EPS history

Outbrain · Revenue · Quarterly

$217M

Q1 2024-6.4%vs Q1 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

For the second quarter ending June 30, 2024, Outbrain expects Ex-TAC gross profit of $53 million to $57 million and Adjusted EBITDA of $1 million to $4 million. For the full year ending December 31, 2024, the company continues to expect Ex-TAC gross profit of $238 million to $248 million and Adjusted EBITDA of $30 million to $35 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-3.1%

Avg return

Earnings day

-5.3%

Avg return

5 days after

-8.2%

Avg return

30 days after

35%

8 / 23 earnings

Positive

+20.4%

Q1 2026

Best reaction

-45.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+20.4%+9.4%+38.5%
Q3 2025-45.9%-38.8%-58.5%
Q1 2025-2.0%-14.7%-20.4%
Q4 2024-3.3%-13.1%-30.1%
Q3 2024+5.0%+7.6%+30.0%
Q2 2024-3.7%-2.1%-0.8%
Q1 2024+1.6%+1.6%+2.9%
Q4 2023-11.3%-7.4%+1.0%
Q3 2023-13.2%-12.9%-7.4%
Q2 2023+10.7%+12.2%+2.5%
Q1 2023+2.2%+2.4%+29.7%
Q4 2022+13.3%+11.2%-4.0%
Q3 2022+18.9%+10.1%-9.3%
Q2 2022-13.7%-20.8%-36.6%
Q1 2021-0.5%-2.1%-8.1%
Q1 2022-23.3%-23.7%-31.7%
Q4 2019-1.1%-3.7%-10.7%
Q4 2021-9.6%-18.5%-17.7%
Q3 2020+4.7%+3.6%-11.6%
Q3 2021-2.7%-1.1%-15.4%
Q4 2020-2.5%-4.0%-8.8%
Q2 2020-2.5%-4.0%-8.8%
Q2 2021-13.1%-13.1%-12.6%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2011
Q3 2011
Q2 2011

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