Outbrain Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:30 am EDT
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Outbrain Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 225.8 million compared to USD 250.88 million a year ago. Net income was USD 11.28 million compared to net loss of USD 10.32 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to basic loss per share from continuing operations of USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to diluted loss per share from continuing operations of USD 0.18 a year ago.
For the six months, sales was USD 457.57 million compared to USD 505.1 million a year ago. Net income was USD 5.68 million compared to net loss of USD 12.21 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to basic loss per share from continuing operations of USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to diluted loss per share from continuing operations of USD 0.21 a year ago.
Outbrain Inc. is a technology platform company that drives business results by connecting media owners and advertisers with engaged audiences to drive business outcomes. The Companyâs artificial intelligence (AI) prediction engine powers a two-sided platform for advertisers and media owners that delivers concrete business outcomes. Its platform enables thousands of digital media owners to provide experiences to their audiences, delivering audience engagement and monetization. The Companyâs platform provides a suite of solutions specifically to meet the needs of media owners. Its comprehensive media owner suite brings advanced AI-backed prediction technology to the Open Internet, enabling its media partners to enhance their businesses through sustainable monetization, robust audience development, and efficient revenue diversification. It offers a full-stack, cross-funnel advertising solution for advertisers of all sizes from enterprise brands and the agencies.
OUTBRAIN INC. 
