Outbrain Q1 revenue up 11% to $254.2M but net loss of $1.9M; lowers FY2022 guidance

Teads Holding Co.

2022-Q1 EPS reported -$0.03 revenue$254,216,000

Revenue $254.2M (+11% YoY); Ex-TAC gross profit $63.5M (+5%); net loss $1.9M vs income $10.7M prior year.
Adjusted EBITDA $11.6M, down 43% from $20.6M; diluted EPS loss $0.03.
Full-year 2022 guidance lowered and range widened due to European demand softness and economic uncertainty.
Completed acquisition of video intelligence AG (~$55M) in Jan 2022; launched Keystone platform for publishers.

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