Teads Holding Co. reported third-quarter revenue of $235.1 million, a 26% decline from the prior year period, driven by headwinds in open internet advertising. The company posted a net loss of $325.5 million, which included a significant $272.4 million non-cash goodwill impairment charge and a $6.4 million asset impairment. Adjusted EBITDA turned negative to $(8.1) million from $19.2 million in the previous year. Concurrently, Teads appointed Michael Coyle as Chief Financial Officer, effective November 11, 2026, succeeding Jason Kiviat who transitions to an advisory role. Coyle brings prior experience as Managing Director at DTCC and senior finance roles at Merck & Co. Teads operates as a leading omnichannel advertising platform focused on driving outcomes for brand and performance advertisers across screens.
