Teads Holding Co.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $235,073 | $318,772 | $785,645 | $948,225 |
| Cost of revenue: | ||||
| Traffic acquisition costs | 148,039 | 188,230 | 467,348 | 570,392 |
| Other cost of revenue | 26,167 | 24,794 | 78,214 | 69,171 |
| Total cost of revenue | 174,206 | 213,024 | 545,562 | 639,563 |
| Gross profit | 60,867 | 105,748 | 240,083 | 308,662 |
| Operating expenses: | ||||
| Research and development | 10,506 | 10,743 | 32,543 | 38,007 |
| Sales and marketing | 62,485 | 68,658 | 199,195 | 202,071 |
| General and administrative | 23,255 | 31,970 | 78,238 | 96,335 |
| Impairment of intangible assets | — | — | — | 15,614 |
| Impairment of goodwill | 272,432 | — | 272,432 | — |
| Restructuring charges | 349 | 657 | 3,290 | 9,610 |
| Total operating expenses | 369,027 | 112,028 | 585,698 | 361,637 |
| Loss from operations | (308,160) | (6,280) | (345,615) | (52,975) |
| Other (expense) income: | ||||
| Gain on repurchase of long-term debt | — | — | — | 1,225 |
| Interest expense | (17,407) | (17,084) | (52,233) | (57,732) |
| Other income (expense) and interest income, net | 27 | (994) | (2,645) | (2,984) |
| Total other (expense) income, net | (17,380) | (18,078) | (54,878) | (59,491) |
| Loss before income taxes | (325,540) | (24,358) | (400,493) | (112,466) |
| (Benefit) provision for income taxes | (72) | (4,668) | 6,240 | (23,620) |
| Net loss | $(325,468) | $(19,690) | $(406,733) | $(88,846) |
| Weighted average shares outstanding: | ||||
| Basic | 98,259,847 | 95,113,669 | 97,286,984 | 89,249,913 |
| Diluted | 98,259,847 | 95,113,669 | 97,286,984 | 89,249,913 |
| Net loss per common share: | ||||
| Basic | $(3.31) | $(0.21) | $(4.18) | $(1.00) |
| Diluted | $(3.31) | $(0.21) | $(4.18) | $(1.00) |
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