Reports another quarter of accelerated growth and profitability, achieved Q4 guidance on Ex TAC gross profit and Adjusted EBITDA, and generated strong cash flow Closed acquisition of Teads in February 2025; Combined company operating under the name Teads NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), which is operating under the new Teads brand, announced today financial results for the quarter and full year ended December 31, 2024. Fourth Quarter and Full Year 2024 Key Financial Metrics:  Three Months EndedDecember 31, Twelve Months EndedDecember 31,(in millions USD) 2024   2023  % Change  2024   2023  % ChangeRevenue$234.6  $248.2   (5)% $889.9  $935.8   (5)%Gr

NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), which is operating under the new Teads brand, today announced the successful closing of its Rule 144A/Reg S private offering (the "Offering") of $637.5 million in aggregate principal amount of 10.000% senior secured notes due 2030 (the "Notes") at an issue price of 98.087% of the principal amount thereof in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The size of the Offering was increased from the previously announced $625.0 million aggregate principal amount. The Notes will be guaranteed, jointly and severally on a secured, unsubordinated basis by Outbr

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), which is operating under the new Teads brand, today announced that the company will release its fourth quarter and full year 2024 results before the market opens on Thursday, February 27, 2025, followed by a conference call at 8:30 a.m. (Eastern Time) that same day to discuss the company's results and business outlook. The conference call can be accessed live over the phone by dialing 1-877-497-9071 or for international callers, 1-201-689-8727. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call a

Highlights: The combination will merge two open internet category leaders to create a unified omnichannel platform that delivers outcomes from branding to performance across all screens, including CTV, mobile and web. The new company will operate under the name Teads.The union creates one of the largest open internet companies, with combined advertising spend of approximately $1.7 billion (FY24), reaching 2.2 billion consumers.The company will unite two of the richest contextual and interest data sets on the open internet, powering an advanced AI prediction engine to optimize advertiser outcomes.Outbrain CEO, David Kostman, will serve as CEO of the combined company, with Jeremy Arditi and B

NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB) ("Outbrain"), a leading technology platform that drives business results by engaging people across the Open Internet, announced today that, at its special meeting of shareholders (the "Special Meeting") held earlier today, Outbrain shareholders voted to approve the issuance of 35 million shares of common stock and 10.5 million Series A Convertible Preferred Shares, which are convertible into common stock, in connection with the acquisition of Teads S.A. (the "Share Issuance Proposal"). The transaction remains subject to customary closing conditions, including regulatory approvals, and is expected to close during the firs

Reports strong quarter, achieving Q3 guidance on Ex TAC gross profit, exceeding Adjusted EBITDA expectations; improved margins and profitability, and generating positive cash flow for 5th consecutive quarter Increases outlook for Adjusted EBITDA for FY 2024 NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today financial results for the quarter ended September 30, 2024. Third Quarter 2024 Key Financial Metrics:  Three Months Ended September 30, Nine Months Ended September 30,(in millions USD) 2024  2023 % Change  2024   2023  % ChangeRevenue$224.2 $230.

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Outbrain (NASDAQ:OB), a leading technology platform that drives business results across the open internet, announced the expansion of its collaboration with Microsoft and the use of the technological capabilities of the Microsoft Azure cloud platform to improve its offerings for advertisers and media owners. As part of the collaboration, Outbrain will expand its operations with Microsoft Azure in North America, scaling its traffic to be served on Azure, and integrate generative AI solutions based on Azure OpenAI Service to offer a variety of new services to its customers. Generative AI solutions add a new layer of collaboration and enable Outbra

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB) announced today that the company will release its third quarter 2024 results before the market opens on Thursday, November 7, 2024, followed by a conference call at 8:30 a.m. (Eastern Time) that same day to discuss the company's results and business outlook. The conference call can be accessed live over the phone by dialing 1-866-682-6100 or for international callers, 1-862-298-0702. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13749250. The replay will be available until

NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Outbrain (NASDAQ:OB), a leading technology platform that drives business results across the open internet, today announced the beta launch of Moments by Outbrain – a new way for users to interact with content, delivering the immersive experience of full screen vertical video browsing to the open internet. Moments enables traditional publishers and media owners to reimagine their online experience by transforming real estate on static articles into engaging vertical video feeds, bringing easy swipeable navigation to trusted, professional environments. Audiences are spending an increasing amount of their time within walled gardens and social platf

NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today that it has repurchased all of the remaining $118 million in aggregate principal amount of the 2.95% Convertible Senior Notes due 2026 (the "Convertible Notes") via a privately negotiated repurchase agreement with Baupost Group Securities, L.L.C., the sole holder of the Convertible Notes. The Company paid, including accrued interest, $109.7 million in cash representing a discount to par value of approximately 7.5%. As a result, Outbrain will record a pre-tax gain of approximately $8.8 million in the t

Jefferies resumed coverage of Outbrain Inc. with a rating of Hold and set a new price target of $4.00

B. Riley Securities resumed coverage of Outbrain Inc. with a rating of Neutral and set a new price target of $4.50

B. Riley Securities initiated coverage of Outbrain Inc. with a rating of Neutral and set a new price target of $5.00

Needham reiterated coverage of Outbrain Inc. with a rating of Buy and set a new price target of $4.50 from $7.00 previously

Citigroup initiated coverage of Outbrain Inc. with a rating of Neutral and set a new price target of $4.00

Jefferies downgraded Outbrain Inc. from Buy to Hold and set a new price target of $4.00 from $6.50 previously

Evercore ISI downgraded Outbrain Inc. from Outperform to In-line and set a new price target of $9.00

Jefferies resumed coverage of Outbrain Inc. with a rating of Buy and set a new price target of $14.00 from $16.00 previously

JMP Securities reiterated coverage of Outbrain with a rating of Market Outperform and set a new price target of $27.00 from $32.00 previously

Jefferies upgraded Outbrain from Hold to Buy and set a new price target of $18.00

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NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Outbrain, a leading technology platform that drives business results by engaging people across the open internet, today announced the appointment of Greg Archibald as General Manager & Senior Vice President of Sales for the United States. In this role, Archibald will oversee all agency and brand demand functions in the US, with a focus on driving revenue, adoption, and retention of Outbrain's high-impact performance advertising solutions, including the open internet branding platform, Onyx by Outbrain. Archibald brings over two decades of experience leading high-performing sales teams for companies including Criteo, Yahoo, and InMobi. His strate

NEW YORK, May 04, 2023 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading recommendation platform for the open web, today announced key promotions to scale global operations, drive innovation, and expand Outbrain's offerings for brands, advertisers, and publishers. These appointments follow Alexander Erlmeier's promotion to Chief Revenue Officer in October 2022. "Evolving customer habits and emerging technologies continue to necessitate agility and resiliency among technology and advertising organizations," said Erlmeier. "With an expanded and unified leadership team, Outbrain is well positioned to scale alongside the evolving industry. Together with our teams across the globe, our

NEW YORK, April 20, 2023 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading recommendation platform for the open web, today announced the appointment of Yonatan Maman as Chief Technology Officer and Andraz Tori in a newly created executive role as Chief Product Officer. Co-Founder, Chief Technology Officer, and General Manager, Israel, Ori Lahav, will transition his responsibilities and focus on cross-company strategic initiatives, while continuing his role as General Manager, Israel. The newly-appointed executives will support Outbrain's growth by building upon the company's existing technologies and product offerings to align with the evolving needs of publishers, brands, an

NEW YORK, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading recommendation platform for the open web, announced Alexander Erlmeier will serve as its next Chief Revenue Officer. Erlmeier, a ten-year veteran of Outbrain, will be responsible for global business development and growth across all regions and functions of the business organization. Eytan Galai will step down after 15 years of service, transitioning into a consultative role through March 2023. "Alex's trusted reputation, esteemed industry experience, and decade of impactful results for our advertisers and publisher partners make him the perfect leader for this role," said Co-CEO David Kostman. "He's proven s

The hire of Miko Levy as CMO represents Duda's continued dedication to its quality website-building experience and further expanding its customer base Duda (www.duda.co), the professional website builder for digital agencies and SaaS companies, announces today the appointment of Miko Levy as the company's new Chief Marketing Officer. His responsibilities will include audience expansion and growth efforts while overseeing Duda's overall marketing strategy. Thanks to its powerful and efficient website builder, Duda is trusted by more than 20,000 web professionals and has published over a million websites. After experiencing significant growth over the last year, Duda leadership decided it w

NEW YORK, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading recommendation platform for the open web, announced the appointment of Paul Knegten, to the newly created position of Chief Marketing Officer, expanding the organization's global marketing efforts, following the company's recent IPO.  Knegten will lead Outbrain's global marketing initiatives and will be instrumental in promoting Outbrain's global brand. He will oversee the global and regional planning, development and execution of Outbrain's strategic and product marketing programs and campaigns.   With a deep background in advertising technology, Knegten has made a name for himself across brand leaders such

Reports another quarter of accelerated growth and profitability, achieved Q4 guidance on Ex TAC gross profit and Adjusted EBITDA, and generated strong cash flow Closed acquisition of Teads in February 2025; Combined company operating under the name Teads NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), which is operating under the new Teads brand, announced today financial results for the quarter and full year ended December 31, 2024. Fourth Quarter and Full Year 2024 Key Financial Metrics:  Three Months EndedDecember 31, Twelve Months EndedDecember 31,(in millions USD) 2024   2023  % Change  2024   2023  % ChangeRevenue$234.6  $248.2   (5)% $889.9  $935.8   (5)%Gr

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), which is operating under the new Teads brand, today announced that the company will release its fourth quarter and full year 2024 results before the market opens on Thursday, February 27, 2025, followed by a conference call at 8:30 a.m. (Eastern Time) that same day to discuss the company's results and business outlook. The conference call can be accessed live over the phone by dialing 1-877-497-9071 or for international callers, 1-201-689-8727. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call a

Highlights: The combination will merge two open internet category leaders to create a unified omnichannel platform that delivers outcomes from branding to performance across all screens, including CTV, mobile and web. The new company will operate under the name Teads.The union creates one of the largest open internet companies, with combined advertising spend of approximately $1.7 billion (FY24), reaching 2.2 billion consumers.The company will unite two of the richest contextual and interest data sets on the open internet, powering an advanced AI prediction engine to optimize advertiser outcomes.Outbrain CEO, David Kostman, will serve as CEO of the combined company, with Jeremy Arditi and B

Reports strong quarter, achieving Q3 guidance on Ex TAC gross profit, exceeding Adjusted EBITDA expectations; improved margins and profitability, and generating positive cash flow for 5th consecutive quarter Increases outlook for Adjusted EBITDA for FY 2024 NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today financial results for the quarter ended September 30, 2024. Third Quarter 2024 Key Financial Metrics:  Three Months Ended September 30, Nine Months Ended September 30,(in millions USD) 2024  2023 % Change  2024   2023  % ChangeRevenue$224.2 $230.

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB) announced today that the company will release its third quarter 2024 results before the market opens on Thursday, November 7, 2024, followed by a conference call at 8:30 a.m. (Eastern Time) that same day to discuss the company's results and business outlook. The conference call can be accessed live over the phone by dialing 1-866-682-6100 or for international callers, 1-862-298-0702. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13749250. The replay will be available until

NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today financial results for the quarter ended June 30, 2024. Second Quarter 2024 Key Financial Metrics:  Three Months EndedJune 30, Six Months EndedJune 30,(in millions USD) 2024   2023  % Change  2024   2023  % ChangeRevenue$214.1  $225.8   (5)% $431.1  $457.6   (6)%Gross profit 45.6   44.0   4%  87.2   85.2   2%Net (loss) income (2.2)  11.3   (119)%  (7.2)  5.7   (228)%Net cash provided by (used in) operating activities 3.6   1.8   99%  12.2   (18.7)  166%            Non-GAAP Financial Data*  

Highlights: Outbrain will acquire Teads in an approximately $1 billion transaction, consisting of $725 million upfront cash and $25 million deferred cash, 35 million shares of common stock of Outbrain, and $105 million of convertible preferred equity.The combination will create one of the largest open internet advertising platforms, differentiated by its ability to drive outcomes for awareness, consideration, and performance objectives — across CTV, web and mobile apps.The two companies will bring together a total 20,000 direct advertisers with a base of 10,000+ premium media environments — creating one of the largest, direct supply paths across the open internet and CTV.The combined platfo

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB) announced today that the company will release its second quarter 2024 results before the market opens on Thursday, August 8, 2024, followed by a conference call at 8:30 a.m. (Eastern Time) that same day to discuss the company's results and business outlook. The conference call can be accessed live over the phone by dialing 1-866-682-6100 or for international callers, 1-862-298-0702. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13747507. The replay will be available until Au

NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today financial results for the quarter ended March 31, 2024. First Quarter 2024 Key Financial Metrics:  Three Months Ended March 31,(in millions USD)2024 2023 % ChangeRevenue$217.0  $231.8  (6)%Gross profit 41.6   41.2  1%Net loss (5.0)  (5.6) 10%Net cash provided by (used in) operating activities 8.6   (20.5) 142%      Non-GAAP Financial Data*     Ex-TAC gross profit 52.2   52.2  —%Adjusted EBITDA 1.4   0.7  101%Free cash flow 4.6   (27.1) 117% _____________________________ * See non-GAAP reconciliations

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ:OB) announced today that the company will release its first quarter 2024 results before the market opens on Thursday, May 9, 2024, followed by a conference call at 8:30 a.m. (Eastern Time) that same day to discuss the company's results and business outlook. The conference call can be accessed live over the phone by dialing 1-866-682-6100 or for international callers, 1-862-298-0702. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13745838. The replay will be available until May 2

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