NEWTON, Mass.--(BUSINESS WIRE)--TechTarget, Inc. (Nasdaq: TTGT), the global leader in B2B technology purchase intent data and marketing services today announced a new strategic content sharing partnership with G2 that will uniquely support the needs of B2B enterprise technology buyers as they navigate the purchase cycle. As part of this new partnership, each organization will be launching powerful new contextually relevant content experiences that will combine the leading independent expert editorial of Tec ...

Charles Rennick - VP, General Counsel & Corporate Secretary Conference Call Participants Justin Patterson - KeyBanc Bruce Goldfarb - Lake Street I would now like to pass the conference over to our host, Charles Rennick, with TechTarget. Charles, please go ahead. Thank you, Matt, and good afternoon, everyone. The speakers joining us here today are Greg Strakosch, our Executive Chairman; Mike Cotoia, our Chief Executive Officer; and Dan Noreck, our Chief Financial Officer. Well, the big news since our last ea ...

TechTarget (TTGT) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this operator of websites for information technology vendors would post earnings of $0.39 per share when it actually produced earnings of $0.43, delivering a surprise of 10.26 ...

NEWTON, Mass.--(BUSINESS WIRE)--Purchase intent-driven marketing and sales services company TechTarget, Inc. (Nasdaq: TTGT) today announced financial results for the three (3) and twelve (12) months ended December 31, 2023 by posting them to its website. Please visit the Investor Relations section of our website at https://investor.techtarget.com to view our Letter to Shareholders with supplemental financial information. Conference Call and Webcast TechTarget will discuss these financial results in a conf ...

The market expects TechTarget (TTGT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 7, 2024, might help the stock move higher if these key numbers are ...

NEWTON, Mass.--(BUSINESS WIRE)--Global technology media and purchase intent data and services company TechTarget, Inc. (Nasdaq: TTGT) announced that it has been named one of the Boston Business Journal’s (BBJ) 2024 Middle Market Leaders, a ranking of the 50 highest growth companies in Massachusetts. It is the second year in a row that it has been named to the list. The Company joins many prestigious companies, including TechTarget customer Rapid7, on this year’s list. The Middle Market Leaders list is co ...

Global technology media and purchase intent data and services company TechTarget, Inc. (Nasdaq: TTGT) announced the 2023 winners of the “TechTarget Storage Products of the Year” Awards. It is the 22nd year in a row the Company has given these awards to top performers across the Storage market. (Graphic: Business Wire)Global technology media and purchase intent data and services company TechTarget, Inc. (Nasdaq: TTGT) announced the 2023 winners of the “TechTarget Storage Products of the Year” Awards. It is t ...

NEWTON, Mass.--(BUSINESS WIRE)--TechTarget (NASDAQ: TTGT) and Informa PLC (LSE: INF.L), a FTSE-50 UK Group with a leading position in international B2B events, digital services and academic knowledge, today announced that the companies have entered into a definitive agreement whereby Informa PLC will combine Informa Tech’s digital businesses with TechTarget to create a leading global platform in B2B Data and Market Access, focused on helping vendors in enterprise technology and other markets accelerate reve ...

NEWTON, Mass.--(BUSINESS WIRE)--TechTarget, Inc. (Nasdaq: TTGT), the global leader in B2B technology purchase intent data and services today announced that it plans to release its 2023 fourth quarter and full year financial results after the market closes on Wednesday, February 7, 2024. The Company's management team will host a live conference call and webcast at 5:00 p.m. Eastern Time on that day to discuss the Company’s financial results. In conjunction with the announcement and the call, the Company will ...

Financial Data and Key Metrics Changes - The company expects to produce a 30% adjusted EBITDA margin despite a challenging year in the technology market [29] - The guidance for Q3 has been excited, and the full-year guidance for 2023 is being maintained [3] Business Line Data and Key Metrics Changes - The long-term revenue is primarily tied to the Priority Engine, which has seen a decline in Q3 [44][70] - The company has made significant investments in product development and engineering, which are expected to support future growth [41][62] Market Data and Key Metrics Changes - The company has observed a stabilization in demand, indicating that they are navigating at the bottom of the sales cycle [3][90] - Organic traffic has increased by 20% year-over-year, following a 50% increase in the previous year [79] Company Strategy and Development Direction - The company is focusing on enhancing its product offerings, particularly through the launch of IntentMail AI, which aims to improve customer engagement and sales effectiveness [6][37] - Investments are being made to prepare for a future recovery in demand, with a focus on aligning product offerings with customer needs [29][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the uncertain environment and the need for customers to streamline expenses and headcount, which affects purchasing behavior [40][90] - There is a belief that the market will eventually recover, and the company is positioning itself to capture that upside [32][65] Other Important Information - The company is actively managing expenses and prioritizing investments in product and content strategies [24][49] - The integration of various product offerings is aimed at enhancing customer engagement and providing a comprehensive content strategy [72][74] Q&A Session Summary Question: Can you elaborate on customer behavior regarding renewals and purchasing? - Management noted that existing customers are navigating a short-term viewpoint and may be hesitant to commit to long-term contracts [8][40] Question: What is the monetization opportunity for IntentMail AI? - The initial focus is on customer retention and usage, with revenue impacts expected to be more visible in 2024 and beyond [10][13] Question: How do you see expenses changing in 2024? - Management indicated that while expenses may not decrease, they will continue to prioritize investments in key areas [24][90] Question: What is the outlook for long-term contracts and Priority Engine? - The majority of long-term revenue is tied to Priority Engine, and the performance aligns with market conditions [44][70] Question: How is the BrightTALK integration performing? - The integration aims to provide a comprehensive content strategy that enhances customer engagement [47][72] Question: What trends are observed in total customers and average spend? - The company has around 2,900 total customers, with varying spending patterns based on their marketing and branding strategies [82][90]