Quarterly ResultMay 7, 2026, 06:33 AM
Teads Q1 Revenue $266M, Down 7%; Net Loss $(38.8)M
AI Summary
Teads Holding Co. announced its first quarter 2026 financial results, reporting a 7% year-over-year decrease in revenue to $266.0 million. Despite the revenue decline, the company's net loss improved to $(38.8) million from $(54.8) million in the prior year, while Adjusted EBITDA significantly dropped by 93% to $0.8 million. Ex-TAC gross profit, however, increased by 5% to $107.9 million, driven by strong CTV revenue growth of over 50%. Teads also provided guidance for the second quarter and reaffirmed its full-year Adjusted EBITDA outlook.
Key Highlights
- Revenue decreased 7% year-over-year to $266.0 million.
- Net loss improved to $(38.8) million from $(54.8) million in Q1 2025.
- Adjusted EBITDA fell 93% to $0.8 million.
- Ex-TAC gross profit increased 5% to $107.9 million.
- CTV revenue grew over 50% year-over-year.
- Net cash used in operating activities was $(34.9) million, up from $(1.0) million.
- Q2 2026 Ex-TAC gross profit guidance is $121 million to $131 million.
- Q2 2026 Adjusted EBITDA guidance is $14 million to $22 million.