secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001454938-23-000120
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493823000120/0001454938-23-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493823000120/outbrain-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001454938-23-000120

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