What does Teads do and what are its main business segments?

What is Teads's gross profit margin?

What is the market's earnings forecast for Teads next quarter?

Did Teads beat or miss consensus estimates last quarter?

What factors drove the changes in Teads's revenue and profit?

What were the key takeaways from Teads's earnings call?

What were the key takeaways from Teads’s earnings call?

What is the revenue and EPS growth rate for Teads year over year?

- **Connected TV Dominance**: 40% YoY CTV revenue growth, home screen campaigns achieving 48% attention rate, and $100M annual target.
- **AI-Driven Efficiency**: Unified advertising model rolled out, with early testing showing improved campaign performance.
- **Financial Challenges**: 15% YoY decline in legacy Teads regions, $5M DSP business loss, and $10M supply cleanup impact.
- **Cost Optimization**: $35M+ annualized EBITDA improvement plan to be implemented in Q4, targeting positive free cash flow.
- **Leadership Expansion**: Mollie Spilman's appointment to drive cross-sell growth and operational efficiency.


**【CEO Summary Section】**
- **Merger Integration Challenges**: Acknowledged delays in integration and operational changes, with a focus on improving sales processes and leadership restructuring in key regions (U.S., U.K., France).
- **Connected TV Growth**: Q3 CTV revenue up 40% YoY, projected to reach $100M annually. Home screen campaigns expanded with major CTV partners (TCL, Google TV), achieving 48% attention rate vs. YouTube ads.
- **AI and Algorithmic Breakthroughs**: Rolled out unified advertising model for improved ad selection and personalization, with early testing showing enhanced performance across campaigns.
- **Leadership Expansion**: Appointed Mollie Spilman as Chief Commercial Officer, bringing experience from scaling Criteo and Oracle Advertising.
- **2026 Strategy**: Five pillars include CTV expansion, agency partnerships, performance campaigns, AI advancements, and direct response profitability.

**【CFO Financial Commentary】**
- **Revenue Performance**: Q3 revenue $319M (42% YoY growth on as-reported basis, 15% YoY decline on pro forma basis). CTV revenue grew 40%, offsetting declines in legacy Outbrain business.
- **Ex-TAC Gross Profit**: $131M (119% YoY growth), driven by merger and improved revenue mix. Synergies realized $14M in Q3, targeting $60M annual run rate by 2026.
- **EBITDA and Cash Flow**: Adjusted EBITDA $19M, adjusted free cash flow ($24M) due to semiannual interest payment. Year-to-date free cash flow positive at $3M.
- **Challenges**: $5M YoY decline in DSP business from strategic supply cleanup; 15% YoY decline in legacy Teads regions (U.S., U.K., France).
- **2026 Outlook**: Targeting $35M+ annualized EBITDA improvement through cost optimization and operational efficiency.

**【Q&A Key Highlights】**
- **Headwinds Analysis**: 15% YoY decline in legacy Teads regions, 10% YoY page view decline on premium publishers, and $10M impact from supply cleanup. Cross-sell revenue grew 55% MoM in October.
- **AI Impact on Traffic**: Noted acceleration of AI summaries reducing traffic to certain publishers, but offsetting with RPM improvements and diversification into CTV and retail media.
- **Cash Flow Focus**: Committed to positive free cash flow, with $3M year-to-date and plans to improve cost structure in Q4.

**【Q&A Highlights】**
- **Traffic Decline**: 10-15% YoY decline in paid views on premium publishers, partially offset by RPM growth and in-app traffic stability.
- **DSP Business Loss**: $5M YoY decline from strategic decisions to de-emphasize low-quality demand, with no expectation of recovery.
- **CTV Momentum**: October cross-sell revenue growth 55% MoM, with CTV Performance campaigns driving measurable outcomes (e.g., 41K site visits, 50K store visits for Men's Wearhouse).
- **2026 Confidence**: CEO emphasizes leading indicators (pipeline growth, RFP activity) and $35M+ EBITDA improvement plan to support single-digit growth in key areas.


Teads Holding Co. (TEAD) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

TEAD

TEAD fundamentals

You can ask Aime