outbrain inc. announces results of annual stockholders meeting

Outbrain Inc. (NASDAQ:OB), the content recommendation platform currently valued at $266.4 million, held its 2025 Annual Meeting of Stockholders on Thursday. The meeting comes at a crucial time for the company, whose shares have declined nearly 58% over the past six months. According to InvestingPro analysis, while the company faces near-term challenges, analysts expect it to return to profitability this year. During the meeting, several key proposals were voted upon.

The election of directors was a primary focus. Nithya B. Das, Kathryn Taneyhill Jhaveri, and Mark Zagorski were elected as Class I directors, each to serve a three-year term until the 2028 Annual Meeting. The voting results for Nithya B. Das were 70,215,503 in favor, 1,362,958 withheld, and 9,378,753 broker non-votes. For Kathryn Taneyhill Jhaveri, 65,970,924 votes were cast in favor, 5,607,537 withheld, and 9,378,753 broker non-votes. Mark Zagorski received 66,409,587 votes in favor, 5,168,874 withheld, and 9,378,753 broker non-votes. Want deeper insights into Outbrain’s governance and financial health? InvestingPro offers comprehensive analysis with 12 additional exclusive ProTips.

Additionally, stockholders ratified the appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The ratification received 80,554,223 votes in favor, 344,942 against, and 58,049 abstentions.

These outcomes were disclosed in an 8-K filing with the Securities and Exchange Commission.

In other recent news, Outbrain Inc. reported its Q1 2025 earnings, revealing a mixed financial performance. The company posted an earnings per share (EPS) of -$0.20, missing the forecasted -$0.14, while revenue also fell short, reaching $286.4 million against a projected $298.95 million. Despite these shortfalls, Outbrain remains optimistic, projecting a Q2 Ex TAC Gross Profit between $141 million and $150 million and an Adjusted EBITDA of $26 million to $34 million. For the full year 2025, the company expects Adjusted EBITDA to reach at least $180 million.

In other developments, Citi analysts recently adjusted their outlook on Outbrain, reducing the price target from $4.00 to $3.90 and maintaining a Neutral rating. Analysts at Citi noted that while the second quarter’s adjusted EBITDA guidance was below expectations, Outbrain’s management anticipated this and attributed it to the expected impact of cost synergies in the latter half of the year. Outbrain is targeting $60 million in annualized cost synergies by 2026, with $40 million anticipated to be realized within this year. Additionally, Outbrain’s new "Moments" vertical video solution is gaining traction, adopted by over 70 publishers, indicating strategic innovation in the dynamic market.

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