---
schema_version: "secwatch.filing_event.v1"
accession: "0001454938-23-000120"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:31:39.138098+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001454938-23-000120
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000120/0001454938-23-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000120/outbrain-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-23-000120
- JSON: https://secwatch.observer/filing/0001454938-23-000120.json
- Plain text: https://secwatch.observer/filing/0001454938-23-000120.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000120/0001454938-23-000120-index.htm

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