secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-007796
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000162828024007796/0001628280-24-007796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000162828024007796/outbrain-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007796

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