secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001454938-23-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493823000061/0001454938-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493823000061/outbrain-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001454938-23-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer