Outbrain Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
TEAD$0.19+7.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except for share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $224,177 | $230,015 | $655,289 | $687,589 |
| Cost of revenue: | ||||
| Traffic acquisition costs | 164,483 | 173,224 | 487,484 | 524,024 |
| Other cost of revenue | 10,825 | 10,401 | 31,765 | 31,999 |
| Total cost of revenue | 175,308 | 183,625 | 519,249 | 556,023 |
| Gross profit | 48,869 | 46,390 | 136,040 | 131,566 |
| Operating expenses: | ||||
| Research and development | 9,053 | 8,681 | 27,646 | 28,033 |
| Sales and marketing | 23,201 | 21,472 | 71,762 | 73,116 |
| General and administrative | 19,564 | 13,617 | 51,805 | 44,766 |
| Total operating expenses | 51,818 | 43,770 | 151,213 | 145,915 |
| (Loss) income from operations | (2,949) | 2,620 | (15,173) | (14,349) |
| Other income (expense): | ||||
| Gain on convertible debt | 8,782 | — | 8,782 | 22,594 |
| Interest expense | (1,444) | (1,456) | (2,950) | (4,428) |
| Interest income and other income, net | 3,536 | 358 | 7,687 | 5,733 |
| Total other income (expense), net | 10,874 | (1,098) | 13,519 | 23,899 |
| Income (loss) before income taxes | 7,925 | 1,522 | (1,654) | 9,550 |
| Provision (benefit) for income taxes | 1,229 | 1,014 | (1,110) | 3,365 |
| Net income (loss) | $6,696 | $508 | $(544) | $6,185 |
| Weighted average shares outstanding: | ||||
| Basic | 49,325,518 | 50,881,194 | 49,171,414 | 51,178,127 |
| Diluted | 53,908,058 | 51,240,968 | 53,701,925 | 57,696,222 |
| Net income (loss) per common share: | ||||
| Basic | $0.14 | $0.01 | $(0.01) | $0.12 |
| Diluted | $0.01 | $0.01 | $(0.10) | $(0.15) |
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