TechTarget Q1 revenue $51.6M beat target; net loss deepens to $10.1M; guides Q2 rev $57-59M

TechTarget Holdings Inc.

2024-Q1 EPS reported -$0.35 revenue$51,636,000

GAAP revenue $51.6M, down 10% YoY; net loss $10.1M (loss expanded 713% YoY).
Adjusted EBITDA $12.7M, down 28% YoY; Adjusted EBITDA margin 25%.
Q2 revenue guidance $57-59M (sequential growth ~12%), net loss expected $1.1-1.8M.
Combination with Informa Tech's digital businesses on track to close H2 2024; pro forma Omdia revenue >$115M.
Cash and investments $331.2M; convertible notes $417M outstanding; $92.9M remaining under repurchase plan.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TechTarget Holdings Inc. reported three (3) months ended March 31, 2024 results: revenue approximately $51.6 million, net income approximately $10.1 million.

Period: three (3) months ended March 31, 2024
Revenue: approximately $51.6 million
Net income: approximately $10.1 million
Result: reported results

Exact text from the filing

For Q1 2024: • GAAP revenue was approximately $51.6 million, a decrease of 10%. Net loss was approximately $10.1 million, a decrease of 713%

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Source: SEC EDGAR

accession 0000950170-24-056842

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