---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007796"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:30:24.831752+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-007796
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1454938/000162828024007796/0001628280-24-007796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000162828024007796/outbrain-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007796
- JSON: https://secwatch.observer/filing/0001628280-24-007796.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007796.txt

## Key facts
- Executive change
  David Kostman was appointed as Chief Executive Officer at Teads Holding Co..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: David Kostman, who currently serves with Mr. Galai as Co-CEO, will remain as CEO of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1454938/000162828024007796/0001628280-24-007796-index.htm
- Executive change
  Yaron Galai departed as Co-Chief Executive Officer at Teads Holding Co..
  - Action: step down
  - Role: Co-Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1454938/000162828024007796/0001628280-24-007796-index.htm

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