Teads experienced a notable 60% increase in revenue, reaching $343.1 million (GAAP), primarily driven by a recent merger. However, this figure fell short of analysts’ expectations of $352.2 million. The non-GAAP EPS came in at (-$0.02) per share, aligning with forecasts but indicating a broader net loss (GAAP) year over year. Despite increases in gross profit and operating cash flow, the company declined to reaffirm its full-year Adjusted EBITDA guidance due to uncertainties linked to ongoing integration and seasonal fluctuations in revenue.
Teads witnessed a significant 60% revenue increase to $343.1 million (GAAP) due to a recent merger, yet this fell short of analyst expectations of $352.2 million.
The company experienced a widening net loss (GAAP) year over year, attributed to integration and restructuring costs despite a sharp rise in gross profit and operating cash flow.
Teads' management refrained from reaffirming previous full-year Adjusted EBITDA guidance, citing uncertainties associated with the ongoing merger integration and typical high seasonality in Q4.
Following the merger with Outbrain, Teads focuses on AI innovation, expanding its product suite, and deepening relationships with major advertisers and exclusive publishers.
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