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Teads Holding Co., together with its subsidiaries, operates a technology platform that connects media owners and advertisers with engaged audiences to drive business outcomes in the United States, Europe, the Middle East, Africa, and Asia. The company operates a two-sided marketplace, forming an end-to-end advertising platform with direct media owner and advertiser relationships. It also provides advertising solutions for advertisers, including a CPC performance platform and CPM-based managed and self-service platforms, and bespoke creative studio solutions that provide data-driven creative tailored to various environments and channels. In addition, the company offers budgets spanning video, display, native, native, vertical video, and other formats, as well as technology solutions that enable media owners to deeply engage their audiences, increasing the total revenue opportunity media owners can realize. Teads Holding Co. was formerly known as Outbrain Inc. and changed its name to Teads Holding Co. in June 2025. Teads Holding Co. was incorporated in 2006 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | $-331M | $-517M | $-15M | -541.8% | 46.1% | - |
| 2024 | $890M | $25M | $-1M | $51M | -0.3% | -4.9% | -106.9% |
| 2023 | $936M | $42M | $10M | $-6M | 4.6% | -5.7% | - |
| 2022 | $992M | $16M | $-25M | $-22M | -11.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 992.08 | 935.82 | 889.88 | 1,300.46 |
| Cost Of Revenue | 799.43 | 751.02 | 697.77 | 871.41 |
| Gross Profit | 192.65 | 184.80 | 192.10 | 429.05 |
| Operating Expense | 206.20 | 189.93 | 204 | 445.04 |
| Operating Income | -13.55 | -5.13 | -11.90 | -15.99 |
| EBITDA | 15.97 | 42.45 | 24.83 | -331.07 |
| EBIT | -10.95 | 21.75 | 5.35 | -397.79 |
| Pretax Income | -18.57 | 16.36 | 1.70 | -477.68 |
| Tax Provision | 6.01 | 6.11 | 2.42 | 39.39 |
| Net Income | -24.58 | 10.24 | -0.71 | -517.07 |
| Net Income Common Stockholders | -24.58 | 10.24 | -0.71 | -517.07 |
| Total Expenses | 1,005.63 | 940.95 | 901.77 | 1,316.45 |
| Interest Expense | 7.62 | 5.39 | 3.65 | 79.89 |
| Interest Income | 2.60 | 7.79 | 9.21 | 0 |
| Research And Development | 40.32 | 35.98 | 37.01 | 43.55 |
| Selling General And Administration | 165.88 | 153.95 | 166.99 | 401.49 |
| Normalized EBITDA | 15.97 | 23.36 | 16.79 | 50.73 |
| Normalized Income | -24.58 | -1.71 | -7.06 | -215.44 |
| Basic EPS | -0.44 | 0.20 | -0.01 | 0 |
| Diluted EPS | -0.44 | -0.06 | -0.11 | 0 |
| Tax Effect Of Unusual Items | 0 | 7.14 | 1.69 | -80.18 |
| Tax Rate For Calcs | 0.21 | 0.37 | 0.21 | 0.21 |
| Total Unusual Items | 0 | 19.09 | 8.04 | -381.81 |
| Total Unusual Items Excluding Goodwill | 0 | 19.09 | 8.04 | -381.81 |
| Net Income From Continuing Operation Net Minority Interest | -24.58 | 10.24 | -0.71 | -517.07 |
| Reconciled Depreciation | 26.92 | 20.70 | 19.48 | 66.72 |
| Reconciled Cost Of Revenue | 799.43 | 751.02 | 697.77 | 871.41 |
| Net Interest Income | -5.03 | 2.40 | 5.56 | -79.89 |
| Net Income From Continuing And Discontinued Operation | -24.58 | 10.24 | -0.71 | -517.07 |
| Total Operating Income As Reported | -13.55 | -8.64 | -12.64 | -399.02 |
| Diluted Average Shares | 55.62 | 56.97 | 52.71 | 0 |
| Basic Average Shares | 55.62 | 50.90 | 49.32 | 0 |
| Diluted NI Availto Com Stockholders | -24.58 | -3.69 | -5.54 | -517.07 |
| Average Dilution Earnings | 0 | -13.93 | -4.83 | 0 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -24.58 | 10.24 | -0.71 | -517.07 |
| Net Income Continuous Operations | -24.58 | 10.24 | -0.71 | -517.07 |
| Other Income Expense | 2.60 | 19.09 | 8.04 | -381.81 |
| Other Non Operating Income Expenses | 2.60 | 0 | 0 | 0 |
| Special Income Charges | 0 | 19.09 | 8.04 | -381.81 |
| Other Special Charges | 0 | -22.59 | -8.78 | -1.23 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 367.74 |
| Restructuring And Mergern Acquisition | 0 | 3.51 | 0.74 | 15.29 |
| Net Non Operating Interest Income Expense | -5.03 | 2.40 | 5.56 | -79.89 |
| Interest Expense Non Operating | 7.62 | 5.39 | 3.65 | 79.89 |
| Interest Income Non Operating | 2.60 | 7.79 | 9.21 | 0 |
| Selling And Marketing Expense | 108.82 | 96.04 | 96.93 | 277.34 |
| General And Administrative Expense | 57.06 | 57.91 | 70.06 | 124.14 |
| Other Gand A | 57.06 | 57.91 | 70.06 | 124.14 |
| Operating Revenue | 992.08 | 935.82 | 889.88 | 1,300.46 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Teads Holding Co.this co. | TEAD | - | - | - | -541.8% | - |
| ZipRecruiter, Inc. | ZIP | $233M | - | -3.13 | 42.7% | -26.72 |
| Crexendo, Inc. | CXDO | $209M | 41.00 | 3.19 | 7.9% | 23.83 |
| CuriosityStream Inc. | CURI | $183M | - | 4.38 | -15.5% | 21.55 |
| The Arena Group Holdings, Inc. | AREN | $109M | 3.83 | -22.77 |
| -2587.7% |
| 4.50 |
| Travelzoo | TZOO | $106M | 25.63 | -14.16 | -194.0% | 15.89 |
| Gaia, Inc. | GAIA | $75M | - | 0.85 | -4.4% | 30.55 |
| Vivid Seats Inc. | SEAT | $69M | - | -0.79 | 504.3% | -52.17 |
| PLAYSTUDIOS, Inc. | MYPS | $53M | - | 0.23 | -12.6% | -2.44 |
| Peer Median | - | 25.63 | -0.28 | -8.5% | 10.20 | |