secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001454938-24-000192
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Outbrain Q3 Adj. EBITDA $11.5M beats guide; repurchases notes; raises FY outlook
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- Revenue $224.2M (-3% YoY); Ex-TAC gross profit $59.7M (+5% YoY); net income $6.7M vs $0.5M a year ago.
- Adjusted EBITDA $11.5M (+12% YoY); Q4 guide: Ex-TAC GP $60-63M, Adj. EBITDA $14-16M.
- Repurchased remaining $118M convertible notes for $109.7M in Sep 2024; no long-term debt outstanding.
- Free cash flow $8.7M (+387% YoY); fifth consecutive quarter of positive free cash flow.
- Full-year 2024 Adj. EBITDA outlook raised to $34-36M from prior $30-35M; Teads acquisition on track for Q1 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493824000192/0001454938-24-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493824000192/outbrain-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001454938-24-000192

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