Outbrain plunges on bigger-than-expected loss

Teads Holding

11/08/2022 19:10

** Shares of web recommendation company Outbrain Inc  OB.O 
down 22.5% at $5.22, the biggest one-day percentage drop since
their debut in July 2021 
    ** Posts Q2 adj loss of $0.19 per share vs. analysts'
expectation of loss of $0.04 per share - Refinitiv data 
    ** "We recognize the near-term environment will remain
volatile" - Yaron Galai, co-CEO

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))