Teads Holding Co. Q2 FY26 Results

Summary

Teads Holding Co. announced its second quarter 2026 results, with revenue declining 17% year-over-year to $284.6 million. The company reported a net loss of $42.5 million, a wider loss compared to $14.3 million in the same period last year, and Adjusted EBITDA fell to $7.0 million from $27.0 million. Despite these headwinds, the company highlighted strong 67% growth in CTV revenue and an expanding omnichannel presence. Management noted active mitigation of open-web headwinds affecting their Direct Response and SME business, and plans to leverage momentum in the Enterprise business for high-margin growth.

Key Highlights

1. 1

   Teads Holding Co. reported revenue of $284.6 million for the second quarter of 2026, a decrease of 17% compared to the prior year period.

2. 2

   Gross profit for Q2 2026 was $95.6 million, down 21% year-over-year, with gross margin decreasing to 33.6% from 35.1%.

3. 3

   Ex-TAC gross profit decreased by 14% to $123.4 million, but Ex-TAC gross margin increased to 43.4% from 42.0% in the prior year period.

4. 4

   The company reported a net loss of $42.5 million for Q2 2026, compared to a net loss of $14.3 million in the prior year period.

5. 5

   Adjusted EBITDA for the second quarter of 2026 was $7.0 million, a significant decrease from $27.0 million in Q2 2025.

6. 6

   CTV revenue experienced strong growth of 67% year-over-year, now representing 13% of Q2 revenue.

7. 7

   Net cash provided by operating activities was $9.2 million in Q2 2026, down from $25.0 million in the prior year period.