Outbrain Q2 revenue down 10% to $225.8M; net income $11.3M vs loss; adjusted EBITDA $3.5M

Teads Holding Co.

2023-Q2 EPS reported $0.11 revenue$457,574,000

Revenue $225.8M (-10% YoY); Ex-TAC gross profit $54.6M (-8%); net income $11.3M vs loss of $10.3M.
Adjusted EBITDA $3.5M, down 40% YoY; adjusted net loss $3.9M vs $10.9M loss in prior year.
Recorded $22.6M pre-tax gain on partial repurchase of $118M convertible notes at ~19% discount.
Launched Onyx by Outbrain, a new branding platform for enterprise advertisers and agencies.
Cash and marketable securities $217.8M; remaining $22.9M under $30M stock repurchase program.

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 0.4

Teads Holding Co. reported the quarter ended June 30, 2023 results: revenue $225.8 million, net income $11.3 million.

Period: the quarter ended June 30, 2023
Revenue: $225.8 million
Net income: $11.3 million
Result: reported results

Exact text from the filing

(2.2) (8.9) 76 % (29.2) (17.8) (64) % _____________________________ * See non-GAAP reconciliations below NM Not meaningful Second Quarter 2023 Financial Results • Revenue of $225.8 million, a decrease of $25.1 million, or 10%, compared to $250.9 million in the prior year period, including net favorable foreign currency effects of approximately $0.8 million. The

View on SEC.gov

Browse all earnings releases →

Teads Holding Co. filing history →

Source: SEC EDGAR

accession 0001454938-23-000120

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.