---
schema_version: "secwatch.filing_event.v1"
accession: "0001454938-26-000074"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2026-11-05T12:37:39+00:00"
generated_at: "2026-11-05T12:40:22.389419+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001454938-26-000074
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2026-11-05T12:37:39+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000145493826000074/0001454938-26-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000145493826000074/tead-20261105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-26-000074
- JSON: https://secwatch.observer/filing/0001454938-26-000074.json
- Plain text: https://secwatch.observer/filing/0001454938-26-000074.txt

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