Outbrain sees $65M-$75M annual synergies from Teads acquisition in FY26

Outbrain (OB) is furnishing on Form 8-K selected preliminary estimated unaudited financial information for each of Outbrain and Teads on a standalone basis and on a combined company basis for the quarter and year ended December 31, 2024. The Company previously announced its expectation to achieve $50M – 60M of annual revenue and cost synergies in the second full year following completion of the acquisition, with further opportunities for expanded synergies in the following years. The Company now expects to realize approximately $65M – 75M of annual synergies in FY26 with further opportunities for expanded synergies in the following years. Of this amount, approximately $60M relates to cost synergies, including approximately $45M of compensation related expenses. The Company plans to action approximately 70% of the compensation related expense savings during the first month post-closing. The upsize in expected synergies follows a robust integration planning process, enabling a larger and more rapid synergy capture.