earnings
confidence medium
sentiment negative
materiality 0.75
Outbrain Q2 2022 revenue up 2% to $250.9M but net loss of $10.3M vs profit a year ago
Teads Holding Co.
2022-Q2 EPS reported
-$0.21
revenue$505,099,000
- Revenue $250.9M (+2% YoY, +6% constant currency); gross profit $48.7M, down 18% YoY.
- Net loss of $10.3M vs net income $15.2M in Q2 2021; adjusted EBITDA $5.9M, down 76%.
- Ex-TAC gross profit $59.3M, down 11% YoY; free cash flow negative $8.9M vs positive $16.5M.
- Repurchased 2.34M shares for $12.6M under $30M program; cash $391.4M at quarter end.
- Cost savings initiatives expected to deliver additional $12M savings in H2 2022 vs prior guidance.