earnings
confidence high
sentiment negative
materiality 0.70
TechTarget reports FY2024 revenue $284.9M, GAAP net loss $116.9M; combined company revenue $490.4M
TechTarget, Inc.
- Reported revenue $284.9M, GAAP net loss $116.9M, adjusted EBITDA $30.9M (10.8% margin).
- Combined company (pro forma) revenue $490.4M, net loss $166.0M, adjusted EBITDA $81.6M (16.6% margin).
- 8-K/A corrects 2023 adjusted EBITDA to $20.4M (8.1% margin), YoY growth 51% and +2.7pts.
- CEO Gary Nugent cites robust performance; FY2025 focus on brands, products, go-to-market and cost synergies.
- Results include one month of legacy TechTarget contribution from Dec 2, 2024 combination close.
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