TEAD•Teads' third-quarter net loss widened to $325.5 million, including a $272.4 million non-cash goodwill impairment charge, while revenue fell 26% to $235.1 million. Connected TV revenue grew 37%, and the company provided no outlook.
Teads reported a third-quarter net loss of $325.5 million, including a $272.4 million non-cash goodwill impairment charge. Revenue fell 26% year over year to $235.1 million. Connected TV revenue grew 37% year over year and represented 12% of quarterly revenue.
CEO David Kostman reported some improvement in trends early in the fourth quarter. Teads provided no outlook, with guidance remaining suspended.
