secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001454938-24-000155
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Outbrain Q2 revenue down 5% to $214M; Adj EBITDA up 112% to $7.4M; Teads acquisition announced
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- Q2 revenue $214.1M (-5% YoY); Ex-TAC gross profit $56.0M (+3%), in line with high end of guidance.
- Adjusted EBITDA $7.4M (beat guidance, +112% YoY); net loss $2.2M vs income $11.3M (includes $3.2M acquisition costs).
- Cash & marketable securities $228.9M, convertible notes $118.0M; free cash flow positive $0.3M.
- Aug 1: agreed to acquire Teads for ~$1B ($725M cash + $25M deferred + 35M shares + $105M preferred); close Q1 2025.
- RPM growth 3rd consecutive quarter; Zemanta DSP spend up ~50% H1 2024 vs H1 2023; Onyx rebooking rate 40%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493824000155/0001454938-24-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493824000155/outbrain-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001454938-24-000155

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