Overview

* TechTarget ( TTGT ) 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 ( TTGT ) reaffirms 2025 revenue guidance as broadly flat vs 2024

* Company expects 2025 adjusted EBITDA to reach at least $85 mln

* TechTarget ( TTGT ) 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/Mis Actual Consensu

s s

Estimate

Q2 $120 mln

Revenue

Q2 Net -$399

Income mln

Q2 $17.30

Adjusted mln

EBITDA

Q2 14.4%

Adjusted

EBITDA

Margin

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 ( TTGT ) is $12.00, about 46.8% above its August 11 closing price of $6.38

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)