{"filings":[{"id":470556,"accession_number":"0001454938-26-000039","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2026-05-15T20:05:10+00:00","items":["5.07"],"status":"ready","headline":"Teads stockholders approve reverse stock split; board authorized ratio 1:5–1:25","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Elected Dexter Goei, Yaffa Krindel, Mark Mullen, Arne Wolter as Class II directors; each received >64M votes for.","Advisory say-on-pay passed with 64.2M for vs 8.2M against; frequency set to 1 year (72.1M votes).","Ratified KPMG as independent auditor for fiscal 2026: 84.6M for, 0.2M against.","Approved reverse stock split amendment (84.3M for); board may set ratio between 1:5 and 1:25 at its discretion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92941,"accession_number":"0001454938-26-000034","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Teads Q1 2026 revenue falls 7% to $266M; adjusted EBITDA down 93% to $0.8M","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Revenue of $266.0M, down 7% YoY from $286.4M; gross profit up 1% to $83.6M.","Net loss improved to $38.8M from $54.8M; adjusted net loss widened to $36.2M from $15.3M.","Adjusted EBITDA plunged 93% to $0.8M from $10.7M; Ex-TAC gross profit up 5% to $107.9M.","CTV revenue grew >50% YoY; renewed Joint Business Partnerships with McDonald's, Heineken, Volkswagen.","Cash and marketable securities $98.7M; total debt $623.4M; full-year and Q2 guidance provided in press release."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":265983000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104191,"accession_number":"0001454938-26-000007","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2026-03-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Teads Q4 revenue up 50% to $352M, net loss $428M on $352M goodwill impairment","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $352.2M (+50% YoY), gross profit $120.4M (+115%), driven by acquisition of Legacy Teads.","Net loss $428.2M includes $352.1M non-cash goodwill impairment; adjusted net income $9.5M, adjusted EBITDA $36.5M.","Full-year 2025 revenue $1,300.5M (+46%), net loss $517.1M; adjusted EBITDA $93.4M (+150%).","Restructuring: 10% headcount reduction, expected annualized cost savings of $35M-$40M; new CCO, CMO, MD North America.","CTV revenue crossed $100M annual, 55% YoY Q4 growth; Google TV expansion; omnichannel adoption rising to 10%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120484,"accession_number":"0001214659-25-018446","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-12-23T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Teads receives Nasdaq deficiency notice for bid price below $1.00 for 30 days","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Notice received Dec 22, 2025; closing bid price under $1.00 for 30 consecutive business days.","Company has 180 calendar days, until June 22, 2026, to regain compliance.","To cure, bid price must close at $1.00+ for 10 consecutive business days.","Options include reverse stock split or transfer to Nasdaq Capital Market for extra 180 days.","Non-compliance does not immediately affect listing or trading; stock still trades under TEAD."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120483,"accession_number":"0001454938-25-000142","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-12-08T23:59:59+00:00","items":["2.05"],"status":"ready","headline":"Teads announces restructuring plan affecting 10% of workforce, targeting $35-40M in annual savings","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Restructuring plan impacts ~10% of global employees; expected charges of $8-12M, mostly cash for severance.","Annualized savings of $35-40M when fully implemented; focus on reducing costs and improving margins.","Majority of charges expected in Q4 2025 and Q1 2026; actions substantially complete by Q1 2026.","Decisions subject to local law and consultation requirements in certain countries."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120482,"accession_number":"0001454938-25-000136","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Teads Q3 revenue up 42% to $318.8M but net loss $19.7M; CEO admits miss","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Revenue $318.8M (+42% YoY); gross profit $105.7M (+116%); net loss $19.7M vs prior year net income $6.7M.","Adjusted EBITDA $19.2M (+66% YoY); adjusted net loss $16.3M vs adjusted net income $5.5M prior year.","Net cash used in operations $23.7M vs provided $13.7M prior year; adjusted free cash flow -$24.0M.","CTV revenue grew ~40% YoY on pro-forma basis; restructured go-to-market organization with new leader.","CEO says quarter fell short of expectations; planning Investor Day in March 2026. No guidance provided."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.0,"consensus_revenue_estimate":null,"consensus_revenue_actual":948225000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137049,"accession_number":"0001454938-25-000129","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Teads Q2 revenue $343M (+60% YoY); CTV revenue up >80%; net loss widens to $14.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $343.1M (+60% YoY); gross profit $120.3M (+164%); Ex-TAC gross profit $144.2M (+158%).","Adjusted EBITDA $27.0M vs $7.4M prior year; net loss $14.3M includes $5.4M acquisition costs and $1.7M restructuring.","CTV revenue grew >80% YoY on pro-forma basis; new OEM partnership with Samsung.","Repurchased $9.3M principal of 10% senior secured notes at ~17% discount.","Q3 guidance not provided in release; management notes integration benefits taking longer; still expects ≥$40M synergies in 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.8,"consensus_revenue_estimate":null,"consensus_revenue_actual":629453000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154323,"accession_number":"0000950157-25-000478","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-06-09T23:59:59+00:00","items":["5.03","7.01","9.01"],"status":"ready","headline":"Outbrain changes name to Teads Holding Co.; ticker to become TEAD on June 10","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Name change from Outbrain Inc. to Teads Holding Co. effective June 6, 2025.","Common stock ticker on Nasdaq will change from OB to TEAD effective June 10, 2025.","Combined company following Feb 2025 Teads acquisition will operate under Teads brand.","No action required by shareholders; no impact on contracts or operations.","David Kostman remains CEO; rebrand positions platform for measurable outcomes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154322,"accession_number":"0001454938-25-000076","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-06-06T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Outbrain announces 2025 Annual Meeting results; all director nominees elected","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Nithya B. Das elected Class I director with 70,215,503 votes for, 1,362,958 withheld.","Kathryn Taneyhill Jhaveri elected Class I director with 65,970,924 for, 5,607,537 withheld.","Mark Zagorski elected Class I director with 66,409,587 for, 5,168,874 withheld.","KPMG LLP ratified as independent auditor for FY 2025 with 80,554,223 for, 344,942 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154321,"accession_number":"0000950157-25-000456","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-06-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Outbrain adds foreign subsidiaries as guarantors on $637.5M notes due 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["First supplemental indenture added Teads Australia Pty Ltd as guarantor on May 30, 2025.","Second and third supplements added other named guarantors and Outbrain Italy S.r.l. on May 30.","Fourth supplement added Teads Mexico, S. de R.L. de C.V. on May 30.","Fifth supplement added TEADS, video intelligence AG, OT Swiss Financing, and Teads Schweiz GmbH on June 3.","All guarantees are joint and several, secured, and unsubordinated under the original indenture."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154320,"accession_number":"0001454938-25-000067","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Outbrain Q1 revenue $286M (+32% YoY); Teads acquisition drives growth; CTV >100% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $286.4M (+32% YoY); Ex-TAC gross profit $103.1M (+98%); Adjusted EBITDA $10.7M vs $1.4M.","Net loss $54.8M including $16.4M acquisition costs, $15.6M impairment, $7.3M restructuring.","Closed Teads acquisition Feb 2025 for ~$900M ($625M cash + 43.75M shares); combined company now Teads.","CTV revenue grew >100% YoY, ~5% of ad spend; synergies ~$40M in 2025 (increased), ~$65-75M in 2026.","Issued $637.5M 10% senior secured notes due 2030; new $100M revolver; cash $155.9M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.7,"consensus_revenue_estimate":null,"consensus_revenue_actual":286357000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172910,"accession_number":"0001454938-25-000041","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-03-13T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Outbrain appoints Dexter Goei and Mark Mullen to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dexter Goei and Mark Mullen appointed to the Board effective March 12, 2025.","Designated by Altice Teads S.A. under the Stockholders Agreement dated February 3, 2025.","Both serve as Class II directors with terms expiring at the 2026 Annual Meeting of Stockholders.","Goei is former CEO of Altice USA; Mullen is co-founder and Managing Director of Bonfire Ventures.","Board determined both qualify as independent directors under Nasdaq Rule 5605(b)(1)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172909,"accession_number":"0001454938-25-000014","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-02-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Outbrain Q4 Ex-TAC gross profit up 7% YoY; closed $900M Teads acquisition in Feb 2025","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $234.6M (-5% YoY); Ex-TAC gross profit $68.3M (+7%); Adjusted EBITDA $17.0M (+21% YoY).","Completed Teads acquisition Feb 3, 2025 for ~$900M ($625M cash + 43.75M shares); combined company rebranded as Teads.","Issued $637.5M 10.0% senior secured notes due 2030 to refinance bridge facility; also entered $100M revolving credit facility.","Expects ~$65M–$75M annual cost synergies in 2026, ~$45M in compensation savings; ~70% of comp synergies actioned in Feb.","Full year 2024 net loss $0.7M (incl. $4.8M one-time expenses) vs net income $10.2M in 2023; free cash flow $51.3M vs -$6.5M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":889875000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172904,"accession_number":"0001454938-25-000012","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K/A","filed_at":"2025-02-24T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Outbrain completes Teads acquisition; pro forma revenue $1.08B for 9mo 2024, net loss $26M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Paid $625M cash + 43.75M shares; financed via $637.5M 10% senior secured notes due 2030.","Pro forma 9mo 2024 rev $1.08B, net loss $26.2M; FY2023 rev $1.59B, net income $1.5M.","Teads historical 9mo 2024 rev $428.5M, net income $19.7M; acquisition closed Feb 3, 2025.","Pro forma goodwill $482.9M, intangible assets $393.8M from purchase price allocation.","Combined assets $1.68B, liabilities $1.23B, equity $453.6M as of Sept 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172908,"accession_number":"0001140361-25-003851","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-02-11T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Outbrain closes $637.5M 10% senior secured notes due 2030, upsized from $625M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Notes issued at 98.087% of par; 10% interest semi-annual; maturity Feb 15, 2030.","Proceeds used to repay bridge facility that financed Teads acquisition, plus fees.","Offering upsized from previously announced $625M to $637.5M.","Notes guaranteed by Outbrain and certain subsidiaries; secured by assets.","Interest payable Feb 15 and Aug 15, starting Aug 15, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172907,"accession_number":"0001140361-25-003600","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-02-07T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Outbrain prices $637.5M senior secured notes at 10% due 2030 to refinance Teads bridge facility","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offering increased to $637.5M from $625M at 98.087% issue price, 10.000% coupon.","Closing expected Feb 11, 2025; proceeds repay bridge facility plus fees.","Notes guaranteed by Outbrain and subsidiaries, secured by first-priority lien on assets.","Bridge facility debt used for Teads acquisition will be fully repaid and cancelled."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172906,"accession_number":"0001140361-25-002909","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-02-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Outbrain subsidiary launches $625M senior secured notes offering to refinance Teads acquisition bridge loan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["OT Midco commenced private offering of $625.0M senior secured notes due 2030.","Proceeds will repay bridge facility financing the Teads acquisition and pay related fees.","Notes secured by substantially all assets of OT Midco, Outbrain, and certain international subsidiaries.","Pro forma combined LTM revenue through Sep 30, 2024 is approximately $1.6B; net loss of $26.8M for nine months ended Sep 30, 2024.","Offering is exempt from registration under the Securities Act; bonds not registered."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172905,"accession_number":"0001140361-25-002802","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2025-02-03T23:59:59+00:00","items":["1.01","1.02","2.01","2.02","7.01","2.03","2.05","3.02","5.02","5.03","9.01"],"status":"ready","headline":"Outbrain closes Teads acquisition for $625M cash + 43.75M shares; raises synergy target to $65-75M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Closed Teads acquisition on Feb 3, 2025; amended consideration: $625M cash (down from $725M) and 43.75M common shares.","New $625M bridge loan (maturing Feb 2026) and $100M revolving credit facility; prior SVB credit agreement repaid and terminated.","Preliminary combined 2024 revenue ~$1.507B, Ex-TAC gross profit ~$622.7M, Adjusted EBITDA ~$160M.","Annual synergy expectation raised to $65-75M in FY2026 (from $50-60M); ~$60M cost synergies including ~$45M compensation.","Restructuring plan with $20-25M charges (primarily severance); board expanded from 9 to 11 directors for Altice designees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189923,"accession_number":"0001454938-24-000225","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-12-05T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Outbrain shareholders vote to approve Teads acquisition; expected close Q1 2025","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Approval to issue 35M common shares and 10.5M Series A Convertible Preferred shares for Teads buy.","Over 99% of votes cast in favor; more than 64% of outstanding shares represented at special meeting.","Transaction expected to close in Q1 2025, subject to regulatory approvals and customary conditions.","CEO David Kostman called the vote a major milestone toward becoming a global leader on the Open Internet."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189922,"accession_number":"0001454938-24-000219","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-11-29T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Outbrain notes Altice International Q3 results containing Teads financials for pending acquisition","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Altice International published Q3 2024 results on Nov 27-28, 2024; Teads financials are included as a discontinued operation.","Results prepared under IFRS-EU, which differs materially from U.S. GAAP.","Outbrain disclaims responsibility for completeness or accuracy of the Altice International Q3 results.","Disclosure made in connection with Outbrain's pending acquisition of Teads, announced August 1, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189921,"accession_number":"0001454938-24-000211","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-11-26T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Outbrain supplements proxy disclosures for Teads acquisition amid stockholder lawsuits","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Received demand letters and two NY Supreme Court complaints alleging incomplete proxy disclosures for Teads deal.","Outbrain denies allegations but voluntarily adds details about M&A committee, Goldman Sachs fees, and forecasts.","Goldman Sachs gets $10M transaction fee (up to $5M credit from financing fees); total financing-related fees ~$14.5M.","Goldman Sachs DCF analysis for Teads: terminal unlevered FCF of $126M (no synergies) or $210M (with synergies).","Combined company present value range: $2.87-$10.56 per share; Outbrain standalone range: $3.16-$4.88 per share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189920,"accession_number":"0001454938-24-000192","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Outbrain Q3 Adj. EBITDA $11.5M beats guide; repurchases notes; raises FY outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $224.2M (-3% YoY); Ex-TAC gross profit $59.7M (+5% YoY); net income $6.7M vs $0.5M a year ago.","Adjusted EBITDA $11.5M (+12% YoY); Q4 guide: Ex-TAC GP $60-63M, Adj. EBITDA $14-16M.","Repurchased remaining $118M convertible notes for $109.7M in Sep 2024; no long-term debt outstanding.","Free cash flow $8.7M (+387% YoY); fifth consecutive quarter of positive free cash flow.","Full-year 2024 Adj. EBITDA outlook raised to $34-36M from prior $30-35M; Teads acquisition on track for Q1 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":655289000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189919,"accession_number":"0001140361-24-043379","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-10-15T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Outbrain presents combined financials for proposed Teads acquisition in investor slides","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Combined company pre-synergies Ex-TAC Gross Profit of $649M for LTM ended June 30, 2024.","Combined company pre-synergies Adjusted EBITDA of $196M for LTM ended June 30, 2024.","Combined company pre-synergies Free Cash Flow of $136M for LTM ended June 30, 2024.","Slides are soliciting material for stockholder vote on equity issuance for Teads deal; preliminary proxy filed Oct 4, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206433,"accession_number":"0001454938-24-000179","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-09-23T23:59:59+00:00","items":["1.01","1.02","8.01","9.01"],"status":"ready","headline":"Outbrain repurchases remaining $118M of 2.95% convertible notes; zero debt left","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Repurchased remaining $118M principal of 2.95% Convertible Notes due 2026 for ~$109.7M, a 7.5% discount to par.","Eliminated entire $236M principal balance (initial $118M repurchased in April 2023); no debt remains.","Will record a pre-tax gain of ~$8.8M in Q3 2024 due to the discount.","Post-repurchase, cash and investments total ~$128M (adjusted from Aug 31 balance).","CFO says move strengthens balance sheet ahead of expected Teads acquisition close."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206432,"accession_number":"0001454938-24-000177","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-09-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Outbrain clears HSR waiting period for Teads acquisition; expects close Q1 2025","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["HSR Act waiting period expired September 16, 2024, removing key U.S. antitrust hurdle.","Transaction remains subject to other regulatory approvals outside the United States.","Completion currently expected in the first quarter of 2025.","Outbrain agreed on August 1, 2024 to acquire all outstanding share capital of Teads."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206431,"accession_number":"0001454938-24-000155","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-08-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Outbrain Q2 revenue down 5% to $214M; Adj EBITDA up 112% to $7.4M; Teads acquisition announced","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $214.1M (-5% YoY); Ex-TAC gross profit $56.0M (+3%), in line with high end of guidance.","Adjusted EBITDA $7.4M (beat guidance, +112% YoY); net loss $2.2M vs income $11.3M (includes $3.2M acquisition costs).","Cash & marketable securities $228.9M, convertible notes $118.0M; free cash flow positive $0.3M.","Aug 1: agreed to acquire Teads for ~$1B ($725M cash + $25M deferred + 35M shares + $105M preferred); close Q1 2025.","RPM growth 3rd consecutive quarter; Zemanta DSP spend up ~50% H1 2024 vs H1 2023; Onyx rebooking rate 40%."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":431112000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206430,"accession_number":"0001454938-24-000149","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"Outbrain to acquire Teads for $725M cash plus stock; 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reports preliminary Q2 ex-TAC gross profit $55-57M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition of Teads for ~$1B: $725M cash upfront, $25M deferred, 35M shares (~$169M), $105M convertible preferred.","Combined 2024E Ex-TAC Gross Profit $660-680M, Adj. EBITDA $180-190M; synergies $50-60M annualized by year 2.","Preliminary Q2 2024: Ex-TAC Gross Profit $55-57M (above guidance low $53M); Adj. EBITDA at least $6M (above guidance $1-4M).","David Kostman remains CEO; Teads Co-CEOs Bertrand Quesada and Jeremy Arditi to serve as Co-Presidents.","Transaction expected to close Q1 2025; subject to regulatory and stockholder approvals. Financing $750M debt committed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223578,"accession_number":"0001454938-24-000122","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-06-14T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Outbrain shareholders elect three Class III directors and ratify KPMG as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Shlomo Dovrat elected with 22,777,512 votes for, 3,840,245 against, and 9,773,945 broker non-votes.","Yaron Galai elected with 22,246,414 votes for, 4,371,343 against, and broker non-votes for Class III.","David Kostman elected with 22,766,219 votes for, 3,851,538 against, and broker non-votes for Class III.","Ratification of KPMG as independent auditor for FY 2024 passed with 35,330,060 for, 919,641 against, 142,001 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223577,"accession_number":"0001454938-24-000071","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Outbrain Q1 revenue $217M (-6% YoY); net loss narrows to $5M; positive FCF","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $217.0M, down 6% YoY; gross profit $41.6M, up 1%; net loss $5.0M vs $5.6M.","Adjusted EBITDA $1.4M (vs $0.7M); free cash flow positive $4.6M (vs -$27.1M).","Brand/agency direct spend >$100M, 40% of advertiser spend; Zemanta DSP spend +40% YoY.","Automated bidding tools used by 89% of spend; AI creative tools adoption doubled from Q4 2023.","Repurchased 945,947 shares for $3.9M; remaining repurchase authorization $8.6M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":216964000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":108824388.19999999,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223576,"accession_number":"0001454938-24-000052","cik":1454938,"company_name":"Teads Holding Co.","ticker":"TEAD","form_type":"8-K","filed_at":"2024-04-25T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Outbrain appoints DoubleVerify CEO Mark Zagorski to board; director Cheifetz resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mark S. 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