Outbrain Q1 revenue $231.8M (-9% YoY); Ex-TAC GP $52.2M (-18%); net loss $5.6M

Teads Holding Co.

2023-Q1 EPS reported -$0.11 revenue$231,774,000

Revenue $231.8M, down 9% YoY; Ex-TAC gross profit $52.2M, down 18%.
Net loss $5.6M vs $1.9M loss prior year; adjusted EBITDA $0.7M vs $11.6M.
Repurchased $118M convertible notes at ~19% discount for ~$96.2M in April 2023.
Bought back 1.31M shares for $6.1M in Q1; $23.9M remaining buyback authority.
Cash & investments $317.7M as of March 31, 2023; $236M convertible notes outstanding.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Teads Holding Co. reported the quarter ended March 31, 2023 results: revenue $231.8 million, net income Net loss of $5.6 million.

Period: the quarter ended March 31, 2023
Revenue: $231.8 million
Net income: Net loss of $5.6 million
Result: reported results

Exact text from the filing

(0.1) NM Free cash flow (27.1) (8.9) NM _____________________________ * See non-GAAP reconciliations below NM Not meaningful First Quarter 2023 Highlights: • Revenue of $231.8 million, a decrease of $22.4 million, or 9%, compared to $254.2 million in the prior year period. Revenue decreased 7% on a constant currency basis, excluding net unfavorable foreign

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Source: SEC EDGAR

accession 0001454938-23-000061

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