# Teads CTV Growth vs Legacy Web Collapse

> Teads' CTV expansion faces legacy web collapse as balance sheet stress mounts.
- Title: Teads CTV Growth vs Legacy Web Collapse | Shortify
- Summary: Teads' CTV expansion faces legacy web collapse as balance sheet stress mounts. Teads reported 26% year-over-year revenue decline with CTV growth offsetting…
- Keywords: teads, ctv, legacy web, revenue decline, balance sheet, goodwill impairment, free cash flow, cfo transition, Alphastreet - Earnings Decoded. Market Intelligence Delivered
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/teads-tead-ctv-growth-collides-with-legacy-web-collapse-as-balance-sheet-stress-mounts
- Author: Newsdesk
- Published: 2026-11-06T18:51:10+00:00
- Read time: 1 min
- Topics: teads, ctv, legacy web, revenue decline, balance sheet, goodwill impairment, free cash flow, cfo transition
## Q3 2026 Results
Teads reported third-quarter 2026 results on November 5, 2026.
## Revenue Decline
Total revenue declined 26% year-over-year to approximately $235 million.
## CTV Growth
Connected television revenue surged 37% year-over-year to $100 million year-to-date.
## Legacy Web Collapse
Direct response and SME segment ex-TAC gross profit plummeted 50% year-over-year to $20 million.
## Profitability Deterioration
Adjusted EBITDA swung to a loss of $8.1 million from positive $19.2 million.
## Goodwill Impairment
Teads recorded a full non-cash goodwill impairment of $272.4 million.
## CFO Transition
Jason Kiviat departed after 13 years as Michael Coyle assumed CFO role.
## Liquidity Concerns
Total liquidity stood at approximately $140 million with $90 million cash on hand.
## Key takeaway

Teads reported 26% year-over-year revenue decline with CTV growth offsetting legacy web contraction.