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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% | 72624.3% |
| 2024 | $890M | $25M | $-1M | $51M | -0.3% | -4.9% | -106.9% |
| 2023 | $936M | $42M | $10M | $-6M | 4.6% | -5.7% | -141.7% |
| 2022 | $992M | $16M | $-25M | $-22M | -11.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 992.08 | 935.82 | 889.88 | 1,300.46 |
| Operating 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 |
| Research And Development | - | 40.32 | 35.98 | 37.01 | 43.55 |
| Selling General And Administration | - | 165.88 | 153.95 | 166.99 | 401.48 |
| Total Expenses | - | 1,005.63 | 940.95 | 901.77 | 1,316.45 |
| Operating Income | - | -13.55 | -5.13 | -11.90 | -15.99 |
| Total Operating Income As Reported | - | -13.55 | -8.64 | -12.64 | -399.02 |
| EBITDA | - | 15.97 | 42.45 | 24.83 | -331.07 |
| Normalized EBITDA | - | 15.97 | 23.36 | 16.79 | 50.73 |
| EBIT | - | -10.95 | 21.75 | 5.35 | -397.79 |
| Interest Income | - | 2.60 | 7.79 | 9.21 | - |
| Interest Expense | - | 7.62 | 5.39 | 3.65 | 79.89 |
| Net Interest Income | - | -5.03 | 2.40 | 5.56 | -79.89 |
| Other Non Operating Income Expenses | -3.08 | 2.60 | - | - | - |
| Other Income Expense | - | 2.60 | 19.08 | 8.04 | -381.81 |
| Interest Income Non Operating | - | 2.60 | 7.79 | 9.21 | - |
| Interest Expense Non Operating | - | 7.62 | 5.39 | 3.65 | 79.89 |
| Net Non Operating Interest Income Expense | - | -5.03 | 2.40 | 5.56 | -79.89 |
| Pretax Income | - | -18.57 | 16.36 | 1.70 | -477.68 |
| Tax Provision | - | 6.01 | 6.11 | 2.42 | 39.39 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 7.14 | 1.69 | -80.18 |
| Net Income Continuous Operations | - | -24.58 | 10.24 | -0.71 | -517.07 |
| Net Income From Continuing And Discontinued Operation | - | -24.58 | 10.24 | -0.71 | -517.07 |
| Net Income From Continuing Operation Net Minority Interest | - | -24.58 | 10.24 | -0.71 | -517.07 |
| Net Income | - | -24.58 | 10.24 | -0.71 | -517.07 |
| Net Income Common Stockholders | - | -24.58 | 10.24 | -0.71 | -517.07 |
| Net Income Including Noncontrolling Interests | - | -24.58 | 10.24 | -0.71 | -517.07 |
| Normalized Income | - | -24.58 | -1.71 | -7.06 | -215.44 |
| Diluted NI Availto Com Stockholders | - | -24.58 | -3.69 | -5.54 | -517.07 |
| Basic Average Shares | - | 55.62 | 50.90 | 49.32 | 90.86 |
| Diluted Average Shares | - | 55.62 | 56.97 | 52.71 | 90.86 |
| Reconciled Depreciation | - | 26.92 | 20.70 | 19.48 | 66.72 |
| Reconciled Cost Of Revenue | - | 799.43 | 751.02 | 697.77 | 871.41 |
| Total Unusual Items | - | 0 | 19.08 | 8.04 | -381.81 |
| Total Unusual Items Excluding Goodwill | - | 0 | 19.08 | 8.04 | -381.81 |
| Special Income Charges | - | 0 | 19.08 | 8.04 | -381.81 |
| Other Special Charges | 42.05 | - | -22.59 | -8.78 | -1.23 |
| Impairment Of Capital Assets | - | - | 0 | 0 | 367.74 |
| Restructuring And Mergern Acquisition | - | - | 3.51 | 0.74 | 15.29 |
| General And Administrative Expense | - | 57.06 | 57.91 | 70.06 | 124.14 |
| Other Gand A | - | 57.06 | 57.91 | 70.06 | 124.14 |
| Selling And Marketing Expense | - | 108.82 | 96.04 | 96.93 | 277.34 |
| Otherunder Preferred Stock Dividend | 0 | 0 | - | - | - |
| Average Dilution Earnings | - | 0 | -13.93 | -4.82 | 0 |
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 | $112M | -0.22 | 1.17 | -541.8% | -1.92 |
| ZipRecruiter, Inc. | ZIP | $271M | -8.20 | -3.51 | 42.7% | 55.81 |
| Angi Inc. | ANGI | $261M | 5.96 | 0.28 | 4.7% | 3.60 |
| CuriosityStream Inc. | CURI | $191M | -29.80 | 4.62 | -15.5% | 24.02 |
| Travelzoo | TZOO | $101M | 21.42 | -13.39 |
| - |
| - |
| - |
| - |
| - |
| -62.5% |
| 13.40 |
| Vivid Seats Inc. | SEAT | $99M | -0.23 | -1.16 | 504.3% | -0.69 |
| The Arena Group Holdings, Inc. | AREN | $68M | 0.54 | -14.01 | -2587.7% | 3.19 |
| PLAYSTUDIOS, Inc. | MYPS | $67M | -2.34 | 0.29 | -12.6% | -1.69 |
| Gaia, Inc. | GAIA | $61M | -13.63 | 0.70 | -5.1% | 4.68 |
| Peer Median | - | -1.28 | -0.44 | -8.8% | 4.14 | |