Outbrain reports Q4 net income $4.1M; co-CEO Galai to step down, Kostman sole CEO

Teads Holding Co.

2023-FY EPS reported -$0.06 revenue$935,818,000

Q4 revenue $248.2M (-4% YoY); gross profit $53.2M (+11%); adjusted EBITDA $14.0M (+97%).
Full-year revenue $935.8M (-6%); net income $10.2M vs loss $24.6M; adjusted EBITDA $28.5M (+8%).
Co-CEO Yaron Galai steps down effective April 1, 2024; remains Chairman; David Kostman becomes sole CEO.
Cash and marketable securities $231M; convertible notes $118M; $12.4M remaining under repurchase program.
Q4 ex-TAC gross profit $63.8M (+8%); free cash flow $21.0M vs $11.5M last year.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

David Kostman

Chief Executive Officer

TEAD · Teads Holding Co.

Effective: 2024-04-01
Filed: February 29, 2024, 6:59 PM ET

David Kostman, who currently serves with Mr. Galai as Co-CEO, will remain as CEO of the Company.

Departed

Yaron Galai

Co-Chief Executive Officer

TEAD · Teads Holding Co.

Effective: 2024-04-01
Successor: David Kostman
Filed: February 29, 2024, 6:59 PM ET

the Company and Yaron Galai, Co-Chief Executive Officer (“CEO”), mutually determined that Mr. Galai will step down from his role as the Company’s Co-CEO as of April 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

David Kostman was appointed as Chief Executive Officer at Teads Holding Co..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

David Kostman, who currently serves with Mr. Galai as Co-CEO, will remain as CEO of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yaron Galai departed as Co-Chief Executive Officer at Teads Holding Co..

Action: step down
Role: Co-Chief Executive Officer

Exact text from the filing

the Company and Yaron Galai, Co-Chief Executive Officer (“CEO”), mutually determined that Mr. Galai will step down from his role as the Company’s Co-CEO as of April 1, 2024.

View on SEC.gov

Teads Holding Co. filing history →

Source: SEC EDGAR

accession 0001628280-24-007796

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