Outbrain completes Teads acquisition; pro forma revenue $1.08B for 9mo 2024, net loss $26M

Teads Holding Co.

Paid $625M cash + 43.75M shares; financed via $637.5M 10% senior secured notes due 2030.
Pro forma 9mo 2024 rev $1.08B, net loss $26.2M; FY2023 rev $1.59B, net income $1.5M.
Teads historical 9mo 2024 rev $428.5M, net income $19.7M; acquisition closed Feb 3, 2025.
Pro forma goodwill $482.9M, intangible assets $393.8M from purchase price allocation.
Combined assets $1.68B, liabilities $1.23B, equity $453.6M as of Sept 30, 2024.

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