Yahoo Finance Outbrain Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Outbrain (NASDAQ:OB) Second Quarter 2024 Results
Key Financial Results
Revenue: US$214.1m (down 5.2% from 2Q 2023).
Net loss: US$2.20m (down by 120% from US$11.3m profit in 2Q 2023).
US$0.045 loss per share (down from US$0.22 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Outbrain EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 34%.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are down 5.1% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Outbrain's balance sheet.
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