Outbrain (OB) Q1 2024 Earnings Call Transcript

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Outbrain (NASDAQ: OB)
Q1 2024 Earnings Call
May 09, 2024, 8:30 a.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:


Operator

Good day, and welcome to Outbrain Incorporated first-quarter 2024 earnings conference call. [Operator instructions] As a reminder, this conference is being recorded. I would like to turn the call over to Outbrain's investor relations. Please go ahead.

Unknown speaker

Good morning and thank you for joining us on today's conference call to discuss our first-quarter 2024 results. Joining me on the call today we have Outbrain CEO, David Kostman; and CFO, Jason Kiviat. During this conference call, management will make forward-looking statements based on current expectations and assumptions. These statements are subject to risks and uncertainties that may cause actual results to differ materially from our forward-looking statements.

These risk factors are discussed in detail in our Form 10-K filed for the year ended December 31st, 2023, as updated in our subsequent reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the call's original date, and we do not undertake any duty to update such statements. Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the company's fourth-quarter earnings release for definitional information and reconciliations of non-GAAP measures to the comparable GAAP financial measures.

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Our earnings release can be found on our IR website, investors.outbrain.com under News & Events. With that, let me turn the call over to David.

David Kostman -- Chief Executive Officer

Thank you, Lane. Good morning, everyone and thank you for joining us today for our first-quarter 2024 earnings call. I'm pleased to share with you our progress and achievements over the past quarter as well as our strategic direction moving forward. On the financial front, I am pleased that we delivered extra gross profit of $52.2 million toward the high end of our guidance and that we exceeded our adjusted EBITDA guidance reporting $1.4 million.