secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001454938-25-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Outbrain Q1 revenue $286M (+32% YoY); Teads acquisition drives growth; CTV >100% YoY
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- Revenue $286.4M (+32% YoY); Ex-TAC gross profit $103.1M (+98%); Adjusted EBITDA $10.7M vs $1.4M.
- Net loss $54.8M including $16.4M acquisition costs, $15.6M impairment, $7.3M restructuring.
- Closed Teads acquisition Feb 2025 for ~$900M ($625M cash + 43.75M shares); combined company now Teads.
- CTV revenue grew >100% YoY, ~5% of ad spend; synergies ~$40M in 2025 (increased), ~$65-75M in 2026.
- Issued $637.5M 10% senior secured notes due 2030; new $100M revolver; cash $155.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493825000067/0001454938-25-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493825000067/outbrain-20250509.htm
  HTML page:      https://secwatch.observer/filing/0001454938-25-000067

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