TechTarget Q3 sales misses estimates on lower advisory revenues

By Reuters News


Overview

  • B2B intelligence provider's Q3 revenue fell 2.5% yr/yr and missed analyst expectations

  • Company's Q3 net loss narrowed sharply from prior year

  • Q3 Adjusted EBITDA declined yr/yr due to lower revenue and cost inflation


Outlook

  • Company expects full-year 2026 revenues to be modestly lower than prior year

  • TechTarget forecasts full-year 2026 Adjusted EBITDA of $80 mln to $85 mln

  • Company expects strong sequential revenue and profit improvement in Q4 2026 due to live events


Result Drivers

  • INTENT DATA & CAMPAIGN TIMING - Co said lower Brand to Demand revenue was mainly due to reduced Intent Data revenue and timing of customer campaigns, especially internationally

  • ADVISORY REVENUE - Co said Intelligence & Advisory segment saw subscription growth offset by lower advisory revenues

  • COST INFLATION - Co said lower Adjusted EBITDA margin reflected lower revenue and cost inflation, partly offset by cost savings and synergies


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$119.20 mln

$121.81 mln (3 Analysts)

Q3 Loss Per Share

$0.25

Q3 Net Loss

$18.20 mln

Q3 Adjusted EBITDA

$18.60 mln


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 is $8.00, about 133.2% above its November 5 closing price of $3.43


Reuters Recommended Reads

  • Nov 5 - Teradata Q3 revenue falls 4% but slightly beats estimates

  • Nov 4 - ZoomInfo Q3 revenue falls 3%

  • Nov 5 - Definitive Healthcare Q3 revenue falls; withholds guidance


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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