secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2026-11-05T12:37:39+00:00
Accession:  0001454938-26-000074
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493826000074/0001454938-26-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493826000074/tead-20261105.htm
  HTML page:      https://secwatch.observer/filing/0001454938-26-000074

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