Filing Flows › Technology › Teads Holding (TEAD)
Teads Holding (TEAD) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 5, 2026
Q3 2026 Revenue down 26% year over year to $235M · 138¢ of every $1 of revenue lost · operating margin -131.1%
Teads Holding made $235M in Q3 2026 (-26% Y/Y). Operating margin -131.1%, net loss $325M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 5, 2026 (preliminary, from the earnings release).
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What changed this quarter
Revenue was $235.1M in Q3 2026, down 26% year over year and down 17% from the previous quarter.
Gross margin was 25.9%, down 7.3 points from Q3 2025. Operating costs exceeded revenue by $308.2M, an operating margin of -131.1%. Operating expenses grew 229% against a revenue fall of 26%. The fastest-growing cost line was Other operating costs (+41419%). The quarter ended with a net loss of $325.5M, wider than the previous quarter's $42.5M loss.
Operating cash flow was −$27.9M. Non-cash charges added back $2.1M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $293.7M. Capital expenditures of $508K exceeded it, leaving free cash flow of −$28.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Nov 5, 2026 | $235M | -26% | -131.1% | −$325M | −$27.9M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $285M | -17% | -5.5% | −$42.5M | $9.2M |
| Q1 2026 | 10-Q | May 8, 2026 | $266M | -7% | -8.2% | −$38.8M | −$34.9M |
| Q4 2025 | 10-K | Mar 16, 2026 | $352M | +50% | -98.2% | −$428M | $7.3M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $319M | +42% | -2.0% | −$19.7M | −$23.7M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $343M | +60% | -0.7% | −$14.3M | $25.0M |
| Q1 2025 | 10-Q | May 12, 2025 | $286M | +32% | -15.5% | −$54.8M | −$966K |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Teads Holding
On February 3, 2025, Outbrain Inc. (“Outbrain”) completed its acquisition (the “Acquisition”) of TEADS, a private limited liability company ( société à responsabilité limitée ) incorporated and existing under the laws of the Grand Duchy of Luxembourg (“Legacy Teads”). The consideration paid at the closing of the Acquisition was approximately $900 million, comprising a cash payment of $625 million, subject to certain customary adjustments, and 43.75 million shares of the Company’s common stock, $0.001 par value per share, and following the closing, Altice Teads S.A. owned approximately 46.6% of the Company’s issued and outstanding Common Stock. Effective June 6, 2025, Outbrain changed its corporate name to Teads Holding Co. (“Teads”). Effective June 10, 2025, Teads’ shares started trading on The Nasdaq Stock Market LLC under the trading symbol TEAD.
In its own words, from its 10-K, filed Mar 16, 2026.
Teads Holding against its Services-Computer Programming, Data Processing, Etc. peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -26% against the peers' median +14%. Operating margin: -131.1% against the peers' median 19.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TEAD Teads Holding | Q3 2026 | $235M | -26% | -131.1% |
| GOOGL Alphabet | Q3 2026 | $127.6B | +25% | 31.8% |
| META Meta Platforms | Q3 2026 | $64.6B | +26% | 20.1% |
| SPCX Space Exploration Technologies | Q3 2026 | $14.6B | +161% | 19.1% |
| FLUT Flutter Entertainment | Q3 2026 | $3.9B | +2% | -30.7% |
| APP AppLovin | Q3 2026 | $2.2B | +56% | 78.2% |
| SNAP Snap | Q3 2026 | $1.7B | +14% | 4.5% |
| ZM Zoom Communications | Q2 FY27 | $1.3B | +5% | 24.6% |
| PINS Pinterest | Q3 2026 | $1.2B | +12% | 2.6% |
Source: Teads Holding 8-K on SEC EDGAR · CIK 1454938 · Services-Computer Programming, Data Processing, Etc.
13F: who owns TEAD and who is buying
More on TEAD
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results