Informa TechTarget, Inc. (NASDAQ: TTGT) has recently released its 2024 full-year financial results, reporting a significant increase in revenue to $284.9 million, compared to $252.1 million in 2023, representing a 13% year-over-year growth. However, the company also reported a substantial net loss of $116.9 million, compared to a net loss of $57.8 million in the previous year, indicating a negative margin of 41.0%, which is an 18.1 percentage point decrease from the previous year.
The adjusted EBITDA for 2024 was $30.9 million, showing an increase from $23.4 million in 2023, representing a 32% year-over-year growth. The adjusted EBITDA margin also improved by 1.5 percentage points, reaching 10.8% in 2024.
On a combined company basis, assuming the combination was in effect from January 1, 2024, Informa TechTarget delivered full-year revenues of $490.4 million, with a combined company net loss of $166.0 million and combined company adjusted EBITDA of $81.6 million, reflecting an adjusted EBITDA margin of 16.6%.
The company's balance sheet and liquidity position remain strong, with approximately $354 million in cash, cash equivalents, and short-term investments as of December 31, 2024. Additionally, the company repurchased a substantial portion of its outstanding convertible senior notes, reducing potential dilution and simplifying the capital structure.
Looking ahead, the company foresees a subdued environment in 2025 due to recent financial market volatility and geopolitical tensions, with a target for broadly flat like-for-like revenue growth. However, it aims to increase adjusted EBITDA in the year, supported by the over-delivery of combination synergies and non-recurrence of one-off combination costs that were included within the 2024 results.
Informa TechTarget is focusing on the combination program to integrate the legacy companies, with a target to meet or exceed the $45 million overall run-rate synergies targeted by year three, which includes $25 million in cost synergies and $20 million in profit benefit from revenue synergies.
The company plans to report Q1 2025 results on or before June 30, 2025, and anticipates a non-cash impairment of goodwill in the first quarter of 2025 due to the decline in the company's stock price and reduction in its market capitalization relative to current book values.
The company will discuss these financial results in a conference call on Wednesday, June 4, 2025, and has provided dial-in, webcast, and replay information for interested stakeholders.
Informa TechTarget, which informs, influences, and connects the world’s technology buyers and sellers, is headquartered in Boston, MA, and has offices in 19 global locations.
The company's CEO, Gary Nugent, expressed confidence in the medium-term growth opportunities for Informa TechTarget, underpinned by innovation and growth in enterprise technology and the increasing demand for more efficient, data-driven B2B digital services. Today the company's shares have moved 4.99% to a price of $7.78. If you want to know more, read the company's complete 8-K report here.
