Outbrain sees FY25 adjusted EBITDA of at least $180M

For the first quarter ending March 31, which includes the results for the legacy Outbrain (OB) business plus the addition of operating results for legacy Teads beginning on February 3, the company expects Ex-TAC gross profit of $100M-$105M and adjusted EBITDA of $8M-$12M. For the full year ending December 31, 2025, it expects adjusted EBITDA of at least $180M.