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Outbrain reports Q3 adjusted EPS (10c), consensus (15c)
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Outbrain reports Q3 adjusted EPS (10c), consensus (15c)

Reports Q3 revenue $229.0M, consensus $208.77M. "We are pleased to announce that we beat the high end of our guidance for the third quarter," said David Kostman, Co-CEO. "With the continued momentum in exclusive, multi-year premium publisher wins, we are gaining market share and building a tremendous open web supply footprint that will be highly leverageable in supporting our future growth. At the same time, amid a continuing uncertain macroeconomic environment, we remain committed to operational efficiencies and cost reduction efforts to focus on cash flow." "In Q3 we officially released Keystone, our new business optimization platform that enables publishers to grow and diversify their revenue streams by leveraging Outbrain’s technology," added Yaron Galai, Co-CEO. "We, along with our design partners, are excited about the higher engagement and business results it has driven."

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