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Outbrain Valuation Multiples

Discover revenue and EBITDA valuation multiples for Outbrain and similar public comparables like Affle India, Azerion Group, and Brightcom Group.

Outbrain Overview

About Outbrain

Outbrain Inc is a platform powering the open web that matches audiences with personalized content and ads, driving quality engagement. Its platform delivers ads to end-users that appear as links to articles, products, and videos on media partners' sites. It derives revenue from advertisers through user engagement with the ads that it places on media partners' web pages and mobile applications. The company has its geographic presence in Europe, the Middle East, and Africa followed by the USA and others.


Founded

2006

HQ

United States of America
Employees

1.8K+

Website

outbrain.com

Financials

LTM Revenue $1.1B

LTM EBITDA $78.5M

EV

$163M

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Outbrain Financials

Outbrain has a last 12-month revenue of $1.1B and a last 12-month EBITDA of $78.5M.

In the most recent fiscal year, Outbrain achieved revenue of $890M and an EBITDA of $24.8M.

Outbrain expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Outbrain P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $936M $890M XXX XXX XXX
Gross Profit $193M $185M XXX XXX XXX
Gross Margin 21% 21% XXX XXX XXX
EBITDA $42.5M $24.8M XXX XXX XXX
EBITDA Margin 5% 3% XXX XXX XXX
Net Profit -$24.6M $10.2M XXX XXX XXX
Net Margin -3% 1% XXX XXX XXX
Net Debt $130M $47.1M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Outbrain Stock Performance

As of April 15, 2025, Outbrain's stock price is $3.

Outbrain has current market cap of $313M, and EV of $163M.

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Outbrain Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$163M $313M XXX XXX XXX XXX $0.18

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Outbrain Valuation Multiples

As of April 15, 2025, Outbrain has market cap of $313M and EV of $163M.

Outbrain's trades at 0.2x LTM EV/Revenue multiple, and 2.1x LTM EBITDA.

Analysts estimate Outbrain's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Outbrain Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $163M XXX XXX XXX
EV/Revenue 0.2x XXX XXX XXX
EV/EBITDA 6.5x XXX XXX XXX
P/E -440.0x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF 3.2x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Outbrain Valuation Multiples

Outbrain's NTM/LTM revenue growth is 41%

Outbrain's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, Outbrain's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Outbrain's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Outbrain Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -5% XXX XXX XXX XXX
EBITDA Margin 3% XXX XXX XXX XXX
EBITDA Growth -42% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 43% XXX XXX XXX XXX
Revenue per Employee $0.5M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue 11% XXX XXX XXX XXX
G&A Expenses to Revenue 8% XXX XXX XXX XXX
R&D Expenses to Revenue 4% XXX XXX XXX XXX
Opex to Revenue 23% XXX XXX XXX XXX

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Outbrain Public Comps

See public comps and valuation multiples for AdTech Software and Online Content & News comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Azerion Group XXX XXX XXX XXX XXX XXX
Adveritas XXX XXX XXX XXX XXX XXX
Brightcom Group XXX XXX XXX XXX XXX XXX
Affle India XXX XXX XXX XXX XXX XXX
Investor.bg XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Outbrain M&A and Investment Activity

Outbrain acquired  XXX companies to date.

Last acquisition by Outbrain was  XXXXXXXX, XXXXX XXXXX XXXXXX . Outbrain acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Outbrain

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Outbrain

When was Outbrain founded? Outbrain was founded in 2006.
Where is Outbrain headquartered? Outbrain is headquartered in United States of America.
How many employees does Outbrain have? As of today, Outbrain has 1.8K+ employees.
Who is the CEO of Outbrain? Outbrain's CEO is Mr. David Kostman.
Is Outbrain publicy listed? Yes, Outbrain is a public company listed on NAS.
What is the stock symbol of Outbrain? Outbrain trades under OB ticker.
When did Outbrain go public? Outbrain went public in 2021.
Who are competitors of Outbrain? Similar companies to Outbrain include e.g. Azerion Group, Adveritas, Brightcom Group, Affle India.
What is the current market cap of Outbrain? Outbrain's current market cap is $313M
What is the current revenue of Outbrain? Outbrain's last 12-month revenue is $1.1B.
What is the current EBITDA of Outbrain? Outbrain's last 12-month EBITDA is $78.5M.
What is the current EV/Revenue multiple of Outbrain? Current revenue multiple of Outbrain is 0.2x.
What is the current EV/EBITDA multiple of Outbrain? Current EBITDA multiple of Outbrain is 2.1x.
What is the current revenue growth of Outbrain? Outbrain revenue growth between 2023 and 2024 was -5%.
Is Outbrain profitable? Yes, Outbrain is EBITDA-positive (as of the last 12 months).

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