Teads Holding Co.

Acquisition of Teads On February 3, 2025, Outbrain Inc. ( Outbrain ) completed its acquisition (the Acquisition ) of TEADS, a private limited liability company ( soci t responsabilit limit e ) 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 this Annual Report on Form 10-K (this Report ), the consolidated financial statements of the Company include the results of operations for Legacy Teads from February 3, 2025 through December 31, 2025. We are presenting the results of predecessor Outbrain’s operations as of and for the year ended December 31, 2024, which do not include the financial position or results of operations of Legacy Teads as of and for the year ended December 31, 2024.