Teads Holding Co.
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 7, 2026
TEAD$0.19-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except for share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $284,589 | $343,096 | $550,572 | $629,453 |
| Cost of revenue: | ||||
| Traffic acquisition costs | 161,200 | 198,927 | 319,309 | 382,162 |
| Other cost of revenue | 27,789 | 23,905 | 52,047 | 44,377 |
| Total cost of revenue | 188,989 | 222,832 | 371,356 | 426,539 |
| Gross profit | 95,600 | 120,264 | 179,216 | 202,914 |
| Operating expenses: | ||||
| Research and development | 11,355 | 13,285 | 22,037 | 27,264 |
| Sales and marketing | 70,253 | 79,676 | 136,710 | 133,413 |
| General and administrative | 28,403 | 27,888 | 54,983 | 64,365 |
| Impairment of intangible assets | — | — | — | 15,614 |
| Restructuring charges | 1,238 | 1,674 | 2,941 | 8,953 |
| Total operating expenses | 111,249 | 122,523 | 216,671 | 249,609 |
| Loss from operations | (15,649) | (2,259) | (37,455) | (46,695) |
| Other (expense) income: | ||||
| Gain on repurchase of long-term debt | — | 1,225 | — | 1,225 |
| Interest expense | (17,417) | (17,524) | (34,826) | (40,648) |
| Other (expense) income and interest income, net | (2,113) | (1,506) | (2,672) | (1,990) |
| Total other (expense) income, net | (19,530) | (17,805) | (37,498) | (41,413) |
| Loss before income taxes | (35,179) | (20,064) | (74,953) | (88,108) |
| Provision (benefit) for income taxes | 7,300 | (5,751) | 6,312 | (18,952) |
| Net loss | $(42,479) | $(14,313) | $(81,265) | $(69,156) |
| Weighted average shares outstanding: | ||||
| Basic | 97,299,602 | 94,492,931 | 96,792,491 | 86,269,441 |
| Diluted | 97,299,602 | 94,492,931 | 96,792,491 | 86,269,441 |
| Net loss per common share: | ||||
| Basic | $(0.44) | $(0.15) | $(0.84) | $(0.80) |
| Diluted | $(0.44) | $(0.15) | $(0.84) | $(0.80) |
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