Teads Due Diligence

Run due diligence on Teads: check compliance and get alerts when suppliers change.

Luxembourg · www.teads.com · 27 vendors

Teads is a leading omnichannel advertising platform that connects advertisers and publishers across the open internet. It provides an end-to-end, AI-powered platform for programmatic digital advertising, specializing in outstream video and other ad formats. The company aims to drive brand and performance outcomes for advertisers by leveraging media, data, and creative solutions.

Resilience scores

Technology vendors

Services catalogue

3 services in catalogue across 1 category; runs on 27 sub-vendors.

Insights

Last updated 2026-09-13 · revision 7

27 direct vendors, 222 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

13 in-scope frameworks identified; showing 3.

ISAE 3000 (source) — No public evidence

Evidence: https://www.teads.com/security/

ePrivacy Directive — Evidence found

Evidence: https://privacy-policy.teads.com/, https://privacy-policy.teads.com/teads-user-cookie-table/, https://www.teads.com/

SOX — Evidence found

Evidence: https://www.teads.com/security/, https://investors.teads.com/

Financials

Three-year financials

Financial Resilience Score: 4/10

Teads Holding Co. (Nasdaq: TEAD) presents a mixed resilience profile following its transformational 2025 merger. On the positive side, the combined entity has meaningful scale (>$1.3B revenue, ~1,700 employees, 10,000+ publishers, 20,000+ advertisers), diversified across premium video, native/contextual, CTV (growing 55% YoY), and performance advertising. Gross margins improved materially post-merger (21.6% to 33.0%), Adjusted EBITDA grew 150% to $93.4M, and management guides to ~$100M Adjusted EBITDA in 2026 with ~$60M in targeted cost synergies. However, several factors weigh heavily on resilience. The company took on $605M in 10.000% senior secured notes due 2030 to fund the acquisition, implying ~$63M+ annual interest expense against just $138.7M cash. A $352M goodwill impairment within a year of closing signals the acquisition price is being written down. Net loss widened to $517M, stockholders' equity fell 58.7% to $95.4M, and operating cash flow collapsed 89% to $7.6M. Adjusted free cash flow declined from $55M to $6M. Structural industry pressures from walled gardens, signal loss, and AI disintermediation add further risk, though management's cost discipline (10% headcount reduction, ~$35-40M annualized savings) and CTV growth provide some counterbalance.

Key strengths: Scale of >$1.3B revenue with global footprint across 30+ countries, Gross margin expansion from 21.6% to 33.0% post-merger, Adjusted EBITDA growth of 150% to $93.4M, CTV segment >$100M ARR growing 55% YoY, Diversified customer base of 20,000+ advertisers and 10,000+ publishers, Targeted ~$60M in cost synergies and $35-40M annualized restructuring savings

Risk factors: $622.7M total debt at 10% coupon coupon, ~$63M+ annual interest expense, $352M goodwill impairment less than a year after acquisition close, Net loss of $517.1M in FY2025, Stockholders' equity down 58.7% to $95.4M, Operating cash flow collapsed 89% to $7.6M; adjusted FCF fell to $6M, High traffic acquisition costs at 59% of revenue, Structural pressure from walled gardens (Google, Meta, Amazon, TikTok), Signal loss from cookie deprecation and ATT, AI-driven traffic disintermediation risk to open web, Integration execution risk following ~10% headcount reduction

Revenue by geography

Revenue by product/service

Workforce by country

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