---
schema_version: "secwatch.filing_event.v1"
accession: "0001454938-25-000014"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T01:31:13.356201+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Outbrain Q4 Ex-TAC gross profit up 7% YoY; closed $900M Teads acquisition in Feb 2025

## Summary
- Q4 revenue $234.6M (-5% YoY); Ex-TAC gross profit $68.3M (+7%); Adjusted EBITDA $17.0M (+21% YoY).
- Completed Teads acquisition Feb 3, 2025 for ~$900M ($625M cash + 43.75M shares); combined company rebranded as Teads.
- Issued $637.5M 10.0% senior secured notes due 2030 to refinance bridge facility; also entered $100M revolving credit facility.
- Expects ~$65M–$75M annual cost synergies in 2026, ~$45M in compensation savings; ~70% of comp synergies actioned in Feb.
- Full year 2024 net loss $0.7M (incl. $4.8M one-time expenses) vs net income $10.2M in 2023; free cash flow $51.3M vs -$6.5M.

## SEC filing metadata
- accession: 0001454938-25-000014
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000145493825000014/0001454938-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000145493825000014/outbrain-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-25-000014
- JSON: https://secwatch.observer/filing/0001454938-25-000014.json
- Plain text: https://secwatch.observer/filing/0001454938-25-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.