Segment and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Segment Reporting Information, by Segment

The table below summarizes the results of operations that are provided to the CODM. As the Company has one reporting segment, net income is used as the measure of profit or loss to assess segment performance and allocate resources. The Company’s asset information is not regularly provided to the Company’s CODM.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(In thousands)
Revenue from external customers	$	343,096	$	214,148	$	629,453	$	431,112
Less:
Traffic acquisition costs	198,927		158,191		382,162		323,001
Personnel-related costs	67,911		33,325		121,538		66,494
Merger and acquisition costs	5,434		3,202		21,852		3,202
Depreciation and amortization	18,337		4,751		31,210		9,651
Marketing and advertising expenses	10,795		2,762		15,222		4,463
Restructuring charges	1,674		575		8,953		742
Impairment charges	—		—		15,614		—
Other segment expenses (1)	42,277		16,969		79,597		35,783
Gain on repurchase of long-term debt	(1,225)		—		(1,225)		—
Interest expense	17,524		569		40,648		1,506
Other expense (income) and interest income, net	1,506		(2,746)		1,990		(4,151)
Benefit from income taxes	(5,751)		(1,251)		(18,952)		(2,339)
Segment and consolidated net loss	$	(14,313)	$	(2,199)	$	(69,156)	$	(7,240)

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(1)Other segment expenses primarily consist of hosting and data services, office and related expenses, other professional fees, non-income taxes, provision for credit losses, and other expenses.

Total Revenue Based on Location

The following table presents total revenue based on where the Company’s advertisers are physically located:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(In thousands)
The Americas (1)	$	104,099	$	64,102	$	194,384	$	127,805
EMEA (Europe, the Middle East and Africa)	202,988		130,724		367,933		266,543
Asia	36,009		19,322		67,136		36,764
Total revenue	$	343,096	$	214,148	$	629,453	$	431,112

______________________________________________________________

(1) Includes U.S. revenues of $90.1 million and $169.3 million for the three and six months ended June 30, 2025, respectively, and $59.9 million and $119.3 million for the three and six months ended June 30, 2024, respectively.

Property, Equipment and Capitalized Software, Net, and Operating Lease ROU Assets, Net by Geographic Location

The Company’s long-lived assets by geographic location, which are comprised of property, equipment and capitalized software, net and operating lease right-of-use assets, net are summarized below:


	June 30, 2025		December 31, 2024
	(In thousands)
The Americas	$	48,815	$	46,056
EMEA (Europe, the Middle East and Africa)	22,216		13,415
Asia	3,549		826
Total long-lived assets, net	$	74,580	$	60,297

Teads Holding Co. 10-Q