Teads Q3 revenue -26% to $235.1M; $325.5M net loss on $272.4M impairment; Coyle named CFO

Teads Holding Co.

Revenue $235.1M, down 26% YoY from $318.8M; gross profit $60.9M (-42%), gross margin 25.9% vs 33.2%.
Net loss $325.5M vs $19.7M prior-year loss, including $272.4M non-cash goodwill impairment and $6.4M publisher agreement impairment.
Adjusted EBITDA -$8.1M vs $19.2M a year ago; adjusted net loss $46.7M vs $13.6M; cash $90.3M against $657.2M total debt, including $628.2M of 10.000% notes due 2030.
CTV revenue grew 37% YoY, now 12% of Q3 revenue and ~20% of Enterprise; YTD CTV revenue nearly $100M. Full-year 2026 Adjusted EBITDA guidance remains suspended.
Michael Coyle named CFO effective Nov 11, 2026, succeeding Jason Kiviat after 13 years; Kiviat moves to advisory role. Coyle gets $500K salary, $400K target bonus, 300,000 RSUs.

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