Outbrain Q3 Ex-TAC gross profit $56.8M (+8% YoY), Adj EBITDA $10.3M, guides Q4 $59-64M Ex-TAC

Teads Holding Co.

2023-Q2 EPS reported -$0.15 revenue$687,589,000

Revenue $230M (flat YoY); net income $0.5M vs loss of $4.6M prior year.
Ex-TAC gross profit $56.8M (+8% YoY), driven by new media partners and improved performance.
Adjusted EBITDA $10.3M (up from $1.7M), above high end of guidance; free cash flow $1.8M.
Q4 guidance: Ex-TAC gross profit $59-64M, Adjusted EBITDA $13-17M.
Stock repurchase: $30M authorized, $12.7M used, $17.5M remaining as of Sept 30.

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 0.9

Teads Holding Co. reported the quarter ended September 30, 2023 results: revenue $230.0 million, net income $0.5 million.

Period: the quarter ended September 30, 2023
Revenue: $230.0 million
Net income: $0.5 million
Result: reported results

Exact text from the filing

62 % Free cash flow 1.8 (15.8) 111 % (27.5) (33.6) 18 % _____________________________ * See non-GAAP reconciliations below Third Quarter 2023 Financial Results • Revenue of $230.0 million, an increase of $1.0 million, compared to $229.0 million in the prior year period, including net favorable foreign currency effects of approximately $5.1 million. The reported

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Teads Holding Co. updated its the fourth quarter ending December 31, 2023 guidance (initiated).

Period: the fourth quarter ending December 31, 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

2023 Fourth Quarter Guidance For the fourth quarter ending December 31, 2023, we expect: • Ex-TAC gross profit of $59 million to $64 million • Adjusted EBITDA of $13 million to $17 million

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Teads Holding Co. filing history →

Source: SEC EDGAR

accession 0001454938-23-000149

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