TechTarget, Inc. (NASDAQ:TTGT) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET

Company Participants

Charlie Rennick - General Counsel

Greg Strakosch - Executive Chairman

Mike Cotoia - CEO

Dan Noreck – CFO

Conference Call Participants

Justin Patterson - KeyBanc

Aaron Kessler - Raymond James

Jason Kreyer - Craig-Hallum

Joshua Reilly - Needham & Co.

Zach Ajzenman - Cowen

Eric Martinuzzi - Lake Street

Operator

Good morning, and welcome to today's TechTarget Reports Second Quarter 2022 Conference Call and Webcast. My name is Candice, and I will be your moderator for today's call. [Operator Instructions]

I would now like to pass the conference over to our host, Charlie Rennick, General Counsel. Please go ahead.

Charlie Rennick

Thank you, Candice; and good morning. Joining me here today are Greg Strakosch, our Executive Chairman; Mike Cotoia, our CEO; and Dan Noreck, our CFO.

Before turning the call over to Greg, I would like to remind everyone on the call of our earnings release process. As previously announced, in order to provide you with an update on our business in advance of the call, we posted our Shareholder Letter on the Investor Relations section of our website and furnished it on an 8-K. Following Greg's introductory remarks, the management team will be available to answer your questions.

Any statements made today by TechTarget that are not factual, including during the Q&A may be considered forward-looking statements. These forward-looking statements are based on assumptions and are not guarantees of our future performance. Actual results may differ materially from our forecast and from these forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, including those discussed in the Risk Factors section of our filings with the SEC. These statements speak only as of the date of this call and TechTarget undertakes no obligation to revise or update any

Forward-looking statements in order to reflect events that may arise after this conference call, except as required by law.

Finally, we may also refer to certain financial measures not prepared in accordance with GAAP. A reconciliation of certain of these non-GAAP financial measures to the most comparable GAAP measures, to the extent available without unreasonable efforts, accompanies our Shareholder Letter.

With that, I'll turn the call over to Greg.

Greg Strakosch

Thank you, Charlie. Good morning.

We are pleased to report we exceeded our revenue forecast and adjusted EBITDA forecast in Q2, and achieved 43% adjusted EBITDA margin in the quarter. In addition, we are reaffirming our annual revenue and adjusted EBITDA guidance today.