Outbrain Inc. (NASDAQ:OB) stock plummeted by 5.15% in the pre-market session on Thursday, as the company reported disappointing Q4 2024 financial results that missed analyst estimates.
Outbrain reported Q4 adjusted earnings per share of $0.07, missing the consensus estimate of $0.08 by 12.5%. The company's revenue for the quarter came in at $234.59 million, missing the expected $249.03 million by 5.8% and reflecting a 5.5% year-over-year decline.
The weaker-than-expected results suggest that Outbrain's digital advertising business faced headwinds during the quarter, likely due to macroeconomic challenges and softening demand from advertisers.
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