Outbrain Q1 revenue $217M (-6% YoY); net loss narrows to $5M; positive FCF

Teads Holding Co.

2024-Q1 EPS reported -$0.10 revenue$216,964,000

Revenue $217.0M, down 6% YoY; gross profit $41.6M, up 1%; net loss $5.0M vs $5.6M.
Adjusted EBITDA $1.4M (vs $0.7M); free cash flow positive $4.6M (vs -$27.1M).
Brand/agency direct spend >$100M, 40% of advertiser spend; Zemanta DSP spend +40% YoY.
Automated bidding tools used by 89% of spend; AI creative tools adoption doubled from Q4 2023.
Repurchased 945,947 shares for $3.9M; remaining repurchase authorization $8.6M.

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 0.95

Teads Holding Co. reported the quarter ended March 31, 2024 results: revenue $217.0 million, net income $5.0 million.

Period: the quarter ended March 31, 2024
Revenue: $217.0 million
Net income: $5.0 million
Result: reported results

Exact text from the filing

of our AI Creative Tools nearly doubled from Q4 2023 to Q1 2024, with 14% of our customer base utilizing Creative AI tools. First Quarter 2024 Financial Highlights: • Revenue of $217.0 million, a decrease of $14.8 million, or 6%, compared to $231.8 million in the prior year period. • Gross profit increased to $41.6 million, compared to $41.2 million in the prior year

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Teads Holding Co. filing history →

Source: SEC EDGAR

accession 0001454938-24-000071

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