secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001454938-25-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493825000014/0001454938-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493825000014/outbrain-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001454938-25-000014

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