Teads Holding (NASDAQ:TEAD) reported a 46% increase in full-year revenue for 2025, a performance primarily driven by the transformative acquisition and integration of legacy Teads.
For the fiscal year ended Dec. 31, 2025, Teads posted revenue of $1,300.5 million, up from $889.9 million in 2024.
Fourth-quarter revenue rose 50% year-over-year to $352.2 million, supported by a breakout year for Connected TV (CTV) services, which surpassed the $100 million annual revenue milestone.
Despite the top-line growth, Teads recorded a GAAP net loss of $428.2 million in the fourth quarter, largely due to a $352.1 million goodwill impairment charge.
In a bid to reach an "inflection point" for profitability in 2026, management announced a 10% reduction in global headcount.
The restructuring is expected to yield between $35 million and $40 million in annualized savings.
Adjusted EBITDA for 2025 stood at $93.4 million, with the company generating positive adjusted free cash flow of $6 million for the year.
Looking ahead, the company issued 2026 guidance forecasting approximately $100 million in adjusted EBITDA for the full year.
For the first quarter of 2026, Teads expects Ex-TAC gross profit—a key industry metric reflecting revenue after traffic acquisition costs—to land between $102 million and $106 million.