TechTarget Q2 revenue rises, net loss narrows, reaffirms 2025 guidance
Overview
TechTarget Q2 revenue rises 15.5% sequentially to $120 mln
Company narrows net loss from Q1, reports $399 mln net loss
Adjusted EBITDA reaches $17.3 mln with a 14.4% margin
Co reaffirms full-year guidance, expects flat revenues and higher EBITDA
Outlook
TechTarget reaffirms 2025 revenue guidance as broadly flat vs 2024
Company expects 2025 adjusted EBITDA to reach at least $85 mln
TechTarget anticipates modest sequential revenue growth in Q3
Company plans $10 mln cost synergies in 2025, mainly in H2
Result Drivers
STRATEGIC ACTIONS - Sequential revenue growth driven by strategic actions and operational improvements, per CEO Gary Nugent
BUSINESS AREA STRENGTH - Strong growth in NetLine and Industry Dive businesses, contributing to revenue increase
MARKET CONDITIONS - Subdued market with limited enterprise tech investments impacting Brand & Intent business
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $120 mln | ||
Q2 Net Income | -$399 mln | ||
Q2 Adjusted EBITDA | $17.30 mln | ||
Q2 Adjusted EBITDA Margin | 14.4% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for TechTarget Inc is $12.00, about 46.8% above its August 11 closing price of $6.38
Press Release:
