---
schema_version: "secwatch.filing_event.v1"
accession: "0001454938-23-000061"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:47:05.568367+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001454938-23-000061
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000061/0001454938-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000061/outbrain-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-23-000061
- JSON: https://secwatch.observer/filing/0001454938-23-000061.json
- Plain text: https://secwatch.observer/filing/0001454938-23-000061.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000061/0001454938-23-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.