Teads reports Q3 adjusted EPS (17c), consensus (6c)

Reports Q3 revenue $318.8M, consensus $335.38M. “While we continue to make strategic progress and show exciting growth in areas like CTV, this quarter fell short of our expectations, and we are moving swiftly with decisive measures to further accelerate the return to growth and improve profitability, with a focus on cash flow generation. In Q3, we restructured our go to market organization and today we announced a new leader for that organization,” said David Kostman, CEO. “We remain confident in the strategic thesis behind our merger and the potential of our cross-screen, outcome-driven branding and performance ad platform”.