Teads Reports Fiscal Year 2021 Financial Results
Teads, the Global Media Platform, announced financial results and shared operating highlights for the Fiscal Year ended December 31, 2021. Teads reported revenue of $678 million for FY 2021, representing growth of 25% year-over-year.
Jeremy Arditi, co-CEO of Teads, commented: “Teads delivered a strong financial performance and continued to innovate and advance new advertising solutions throughout 2021 helping leading brands and their agencies navigate an increasingly complex open web. Our continued innovation in privacy-centric advertising is gaining traction across the industry by enabling our customers to target key audiences in cookieless environments. At the same time, we are providing new technologies and solutions to our publisher partners to better prepare them for a cookieless world. Throughout 2021, we signed a number of new global joint business partnerships with some of the world’s leading brands. Our performance advertising business, focused on traffic acquisition and conversion, was a major contributor to our 2021 results, growing 65% year-over-year. Performance advertising currently represents a significant portion of our total revenue. Overall, we continue to increase our investments in both engineering and sales talent to drive continued, organic growth. Finally, at a time when trust and transparency in media has never been more important, we will continue to champion the world’s best publishers as a trusted monetization partner.”2021 Operating Highlights
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Established the First Cookieless Platform on the Open Web: Teads’ leadership in innovation continues, announcing new technology that established the first cookieless platform designed for the open web. In 2021, Teads released a major update to its advertising buying portal, Teads Ad Manager (“TAM”), allowing advertisers to activate cookieless campaigns across the entire marketing cycle including planning, targeting, delivery and reporting. This is a major milestone for Teads and the industry as it provides all of Teads’ advertiser, agency and publisher partners a significant advantage in today’s increasingly cookieless world. Teads also rolled out a cookieless readiness initiative to help brands and their agencies conduct head-to-head testing demonstrating that media KPI performance and brand uplift for cookieless campaigns is in-line with or higher than that of cookie-based campaigns. With approximately 40% of global web traffic already not using third party cookies(1), Teads expects its leadership and innovation in cookieless to be a significant growth driver going forward.
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Launched CTV Offering: Building on its expertise in video, Teads launched its Connected TV (CTV) offering. Teads’ addition of CTV, which is still in beta, gives advertisers and their agencies the ability to seamlessly buy a new array of high-attention premium media. By adding TV devices to the mix, advertisers are now able to buy across TV, mobile and desktop.
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Signed New Joint Business Partnerships with Leading Brands: The world’s largest brands continue to partner with Teads to achieve massive reach in high quality environments across the open web. By signing a joint business partnership, brands commit to annual spending targets and gain access to dedicated teams to best leverage Teads’ data, audience targeting, creative platform and leading insights in order to drive superior outcomes.
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Continued Publisher Expansion: Teads continues to sign new and renew existing partnerships with leading publishers across the globe in key local markets. Many of Teads’ deals are struck on an exclusive basis to serve inRead video and display ads in the heart of editorial text. In 2021, Teads had direct integrations with more than 2,800 publishers across the globe. For 2021, we retained 98% of our top 500 publishers from 2020 showcasing continued satisfaction and trust for the quality demand that Teads delivers.
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Performance Advertising Product Updates Well Received: In 2021, Teads also released major updates to its performance marketing products and currently offers one of the most advanced web traffic acquisition solutions in the marketplace. Teads first introduced performance advertising in 2018 which continues to be a significant contributor to overall revenue growth. The platform’s success with performance allows Teads to compete for spend up and down the entire marketing funnel, complementing the brand advertising business.
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Measuring The Attention Economy: Teads has been at the forefront of research looking at The Attention Economy, working with Havas and dentsu to better quantify Attention and how advertisers can move beyond viewability to better predict campaign outcomes.
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Adding Talent and Expanding the Company’s Footprint: In 2021, Teads added over 230 new employees and at the end of FY 2021 had 1,035 full-time employees in 26 countries around the world. Teads expects to double the technology workforce over the next 18 months in order to drive new product initiatives and increase its market share. With the technology hub located in Montpellier, France, Teads has been successful in attracting and retaining leading engineering talent.
