Overview

* TechTarget ( TTGT ) Q3 revenue slightly beats analyst expectations, growing 1% year-on-year

* Company reports Q3 net loss of $76.8 mln, impacted by non-cash impairment

* Adjusted EBITDA for Q3 grows 9% year-on-year, reflecting operational progress

Outlook

* Company reaffirms 2025 full-year guidance for flat revenues and Adjusted EBITDA of $85 mln

* Company expects operating momentum to continue into Q4 with sequential growth

* Company targets cost synergies of at least $10 mln in 2025

Result Drivers

* REVENUE GROWTH - Driven by robust performance in Intelligence & Advisory and improving momentum in Brand to Demand

* COST REDUCTION - Reorganization plan reduced costs and simplified team structures

* PRODUCT INNOVATION - Launch of Informa TechTarget Portal leveraging combined Audience dataset

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $122 mln $121.27

Revenue Beat* mln (3

Analysts

)

Q3 EPS -$1.07

Q3 Net -$76.80

Income mln

Q3 $22.60

Adjusted mln

EBITDA

Q3 18.50%

Adjusted

EBITDA

Margin

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 60.3% above its November 7 closing price of $4.77

Press Release:

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(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.)