Teads Holding (852) Q3 2026 Earnings Report

The call was challenging overall, with substantial declines in revenue, gross profit, Enterprise performance, and direct response and SME gross profit, alongside a negative adjusted EBITDA result and a $272 million noncash goodwill impairment. These issues outweighed positive developments in CTV, publisher partnerships, liquidity, cost reductions, and early Q4 recovery indicators.

Management said that as they moved through the close of the quarter and into October, they began seeing tangible revenue improvements, and in early Q4 saw some recovery as compared with Q3 due both to operational improvements and seasonality; October also showed CTV acceleration. CTV revenue grew 37% in Q3, accounted for approximately 20% of Enterprise business, reached year-to-date revenues of nearly $100 million through Q3, and the company expanded its home screen footprint to more than 500 million devices worldwide. Management said page view declines ranged anywhere from 20% to, some of them, even 60%, and that they think and hope they reached the bottom, while also seeing better monetization of existing pages; they said there is more to go on costs and expect to continue constructive discussions with debtholders while seeking a long-term, stronger balance sheet.