Financial Performance - Q3 2024 revenues reached $433 million, a 20% year-over-year increase, with ex-TAC gross profit at $166 million, up 30% YoY[1] - Adjusted EBITDA for Q3 2024 was $48 million, reflecting a 110% increase compared to the previous year, with a free cash flow of $43 million, an 88% increase YoY[1] - The company is reiterating its 2024 guidance of $1,750 million in revenues (+22% YoY) and $200 million+ in adjusted EBITDA, which is more than double the previous year[1] - Q4 2024 guidance includes expected revenues of $475 million (+13% YoY) and adjusted EBITDA of $91 million (+82% YoY)[5] - Total revenues for the three months ended September 30, 2024, were $433,012, an increase of 20.2% compared to $360,221 for the same period in 2023[18] - Adjusted EBITDA for the three months ended September 30, 2024, was $47,927 thousand, compared to $22,833 thousand for the same period in 2023, reflecting a significant improvement[27] - Free Cash Flow for the three months ended September 2024 was $42,864 thousand, significantly higher than $22,798 thousand in the prior year[31] Cash Flow and Assets - The company achieved a strong cash flow from operating activities of $49.8 million in Q3 2024, compared to $32.5 million in Q3 2023[3] - Cash provided by operating activities for the three months ended September 30, 2024, was $49,772 thousand, up from $32,459 thousand in the same period of 2023[22] - Cash and cash equivalents increased to $217,230 as of September 30, 2024, from $176,108 as of December 31, 2023, a rise of 23.4%[5] - Total current assets increased to $577,867 as of September 30, 2024, compared to $559,412 as of December 31, 2023, reflecting a growth of 3.1%[5] - The company reported a net cash used in investing activities of $(6,908) thousand for the three months ended September 30, 2024, compared to cash provided of $20,119 thousand in the same period of 2023[22] Profitability and Loss - Net loss for the three months ended September 30, 2024, was $(6,454), a decrease from $(23,136) in the same period of 2023, indicating an improvement of 72%[18] - Operating income for the three months ended September 30, 2024, was $4,558, compared to an operating loss of $(18,734) for the same period in 2023[18] - Non-GAAP Net Income increased to $22,211 thousand for the three months ended September 2024, up from $6,704 thousand in the same period last year[29] Expenses and Liabilities - Total liabilities increased to $442,223 as of September 30, 2024, from $423,965 as of December 31, 2023, marking a rise of 4.8%[16] - Research and development expenses for the nine months ended September 30, 2024, were $106,264, up from $101,876 in the same period of 2023, reflecting a growth of 4.7%[18] - Share-based compensation expenses for the three months ended September 30, 2024, were $17,186 thousand, compared to $16,251 thousand in the same period of 2023[22] Strategic Initiatives - The introduction of Abby, a Generative AI ad assistant, aims to enhance advertiser engagement and streamline ad campaign management[4] - The company reported a significant increase in Tier 1 brand and agency spending, particularly in the auto, e-commerce, and finance sectors[1] - The number of advertisers using the Max Conversions feature increased by 1,500 quarter-over-quarter, with a 36% increase in campaigns[1] - Taboola's partnership with Xiaomi is expanding to more global markets, enhancing its reach and touchpoints[1] Future Projections - Free cash flow target for 2024 has been raised from $100 million to $105 million[1] - Q4 2024 revenue guidance is projected between $460 million and $490 million, with FY 2024 guidance between $1,735 million and $1,765 million[33] - Gross profit for Q4 2024 is expected to be between $180 million and $196 million, with ex-TAC Gross Profit projected between $205 million and $221 million[33]

Core Insights - Taboola has signed an exclusive multi-year partnership with National World, a major UK regional publisher, to enhance audience growth, user engagement, and revenue across its digital platforms [1][2] - National World will implement Taboola's products, including Taboola Feed and Explore More, to provide personalized content recommendations and improve user engagement [2][3] - The partnership aims to leverage Taboola's technology to navigate the evolving media landscape and increase subscriber numbers [3] Company Overview - Taboola is a leader in powering recommendations for the open web, utilizing artificial intelligence to drive monetization and user engagement for digital properties [4] - The platform is used by approximately 18,000 advertisers to reach nearly 600 million daily active users, facilitating over 1 million monthly e-commerce transactions [4] - Taboola has established long-term partnerships with prominent digital properties, including Yahoo, CNBC, and BBC, enhancing its market presence [4]

Group 1 - Taboola will release its third quarter 2024 financial results on November 7, 2024, before market open, followed by a conference call at 8:30 a.m. ET [1] - The conference call will be accessible via webcast and phone registration, with a replay available for one year until November 7, 2025 [1] Group 2 - Taboola is a leader in powering recommendations for the open web, utilizing artificial intelligence to enhance user engagement and monetization for digital properties [2] - The company has established long-term partnerships with major digital properties such as Yahoo, CNBC, BBC, NBC News, Business Insider, The Independent, and El Mundo [2] Group 3 - Approximately 18,000 advertisers utilize Taboola's platform to reach nearly 600 million daily active users in a brand-safe environment [3] - Taboola excels in e-commerce recommendations, facilitating over 1 million monthly transactions for prominent brands like Walmart, Macy's, Skechers, and eBay [3]

Core Insights - Taboola has launched Abby, a Generative AI technology designed to assist advertisers in managing campaigns without requiring advertising expertise [1][5] - Approximately 91% of advertisers are either using or considering the implementation of Generative AI technology, with 81% believing it can enhance sales [1][3] Group 1: Abby's Features - Abby provides a conversational interface for advertisers to build and launch campaigns, covering aspects such as budgeting, targeting, and optimization [2][3] - Campaigns set up with Abby are estimated to go live 75% faster compared to manual setups [3] - Abby allows advertisers to create and modify images using a conversational approach, eliminating the need for image editing software [4] Group 2: Market Position and Reach - Taboola's platform reaches over 600 million daily active users and is utilized by around 18,000 advertisers [6][7] - The company has established partnerships with major digital properties, enhancing its market presence [6] - Taboola is recognized as a leader in e-commerce recommendations, facilitating over 1 million monthly transactions for prominent brands [7]

Release Date: August 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Taboola.com Ltd (TBLA, Financial) reported strong financial performance in Q2 2024, with ex-TAC growing 21% year-over-year to $150 million. Adjusted EBITDA increased by 138% to $37 million, demonstrating significant profitability improvements. The company achieved a free cash flow of over $26 million, representing a 237% increase and a 70% conversion from adjuste ...

Core Insights - Taboola, a leader in powering recommendations for the open web, is set to participate in multiple investor conferences in August and September 2024 [1][2]. Group 1: Investor Conferences - Taboola will present at the Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 12, 2024, at 2:05 p.m. ET [1]. - The company will also participate in the Benchmark Technology, Media & Telecom Conference on September 5, 2024 [1]. - Additionally, Taboola is scheduled to attend the B. Riley Consumer & TMT Conference on September 12, 2024 [1]. Group 2: Company Overview - Taboola's platform utilizes artificial intelligence to enhance user engagement and monetization for digital properties, including websites and mobile apps [2]. - The company has established long-term partnerships with major digital properties such as Yahoo, CNBC, BBC, NBC News, Business Insider, The Independent, and El Mundo [2]. Group 3: Market Presence - Approximately 18,000 advertisers leverage Taboola to connect with nearly 600 million daily active users in a brand-safe environment [3]. - Taboola is recognized as a leader in e-commerce recommendations, facilitating over 1 million monthly transactions for prominent brands like Walmart, Macy's, Skechers, and eBay [3].

Taboola.com Ltd. (TBLA) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 83.33%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.08, delivering a surprise of 11.11%. Over the last four quarters, the company has ...

Q2 2024 and FY 2024 Key Highlights Q2 Financials - Beat on Revenues, ex-TAC and Adj. EBITDA; Growth rates accelerate Q2 2024 Results: Revenues $428M, Gross profit $115M, ex-TAC Gross Profit $150M, Net loss $4M, Non-GAAP Net Income $23M, Adj. EBITDA $37M, Free Cash Flow $26M Strong YoY growth: Revenues +29%, ex-TAC +21%, Adj. EBITDA +138%, FCF +237% Strong Free Cash Flow conversion: 70%+ from Adj. EBITDA Reiterating 2024 ex-TAC, Adj EBITDA, FCF Guidance; Growth rates accelerate across all metrics Initiating ...

Financial Performance - Q2 2024 revenues reached $428M, representing a 29% year-over-year growth, with ex-TAC gross profit at $150M, up 21% YoY[1] - Adjusted EBITDA for Q2 2024 was $37M, a significant increase of 138% YoY, with free cash flow soaring by 237% to $26M[1] - The company reiterated its 2024 guidance, projecting revenues between $1.735B and $1.765B, with ex-TAC gross profit expected to be $667M, a 25% increase YoY[1][5] - Q3 2024 guidance includes revenues of $431M, a 20% YoY increase, and adjusted EBITDA of $47M, up 106% YoY[1] - The company reported a net loss of $4M in Q2 2024, a significant improvement from a net loss of $31M in Q2 2023[3] - Total revenues for the three months ended June 30, 2024, were $428,160, an increase of 29% compared to $332,004 for the same period in 2023[18] - Gross profit for the six months ended June 30, 2024, was $223,731, up from $186,649 for the same period in 2023, reflecting a gross margin improvement[18] - The net loss for the three months ended June 30, 2024, was $4,291, significantly reduced from a net loss of $31,314 for the same period in 2023[19] - Revenues for Q2 2024 reached $428.16 million, a 29% increase from $332.00 million in Q2 2023[25] - Gross profit for Q2 2024 was $114.78 million, up 18% from $97.06 million in Q2 2023[25] - Adjusted EBITDA for Q2 2024 was $37.23 million, compared to $15.66 million in Q2 2023, reflecting a 137% increase[26] - Free cash flow for the three months ended June 30, 2024, was $26,158 thousand, up from $7,770 thousand in the same period last year[30] Cash Flow and Assets - Taboola's cash flow from operating activities was $38.8M in Q2 2024, compared to $11.6M in the same period last year[3] - Cash provided by operating activities for Q2 2024 was $38.79 million, a substantial increase from $11.60 million in Q2 2023[22] - Cash and cash equivalents at the end of Q2 2024 totaled $182.20 million, down from $204.60 million at the end of Q2 2023[22] - The company reported a decrease in trade receivables of $2.57 million in Q2 2024, compared to an increase of $5.09 million in Q2 2023[22] - Cash used in financing activities for Q2 2024 was $23.81 million, an improvement from $35.10 million in Q2 2023[22] Shareholder Actions - The company completed a $27M share buyback in Q2 2024, with $66M remaining under the current authorization[1] - Share-based compensation expenses for Q2 2024 were $18.31 million, compared to $16.54 million in Q2 2023, reflecting ongoing employee incentives[22] Operational Highlights - The onboarding for Apple News & Stocks is complete, focusing on sales enablement to enhance user engagement[1] - The number of ad campaigns doubled compared to Q1 2024, indicating strong growth in advertising activity[1] - Taboola launched "Audience Solution," an AI-powered technology aimed at helping publishers increase traffic by over 10%[4] Liabilities and Equity - Total current assets decreased to $534,804 as of June 30, 2024, from $559,412 as of December 31, 2023, primarily due to a reduction in prepaid expenses[15] - Total liabilities decreased to $621,289 as of June 30, 2024, from $650,740 as of December 31, 2023, indicating improved financial stability[16] - Shareholders' equity as of June 30, 2024, was $1,010,233, down from $1,057,062 as of December 31, 2023, reflecting a decrease in accumulated deficit[16] Expenses - Research and development expenses for the three months ended June 30, 2024, were $33,288, slightly down from $34,001 for the same period in 2023, indicating cost control efforts[18] - The company reported total share-based compensation expenses of $18,305 for the three months ended June 30, 2024, compared to $16,535 for the same period in 2023[20] - Total depreciation and amortization expense for the six months ended June 30, 2024, was $51,183, an increase from $45,393 for the same period in 2023, reflecting increased asset utilization[21] Future Projections - The company expects Q3 2024 revenues to be between $416 million and $446 million, with FY 2024 revenues projected between $1,735 million and $1,765 million[32] - Gross profit for Q3 2024 is projected to be between $129 million and $139 million, while ex-TAC gross profit is expected to be between $159 million and $169 million[32] - Traffic acquisition costs for Q3 2024 are anticipated to be between $257 million and $277 million, with FY 2024 costs projected between $1,079 million and $1,086 million[32] - The company is unable to provide projections for net cash provided by operating activities due to unpredictability in certain elements, making it impractical to reconcile Free Cash Flow projections[32]

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Taboola (NASDAQ:TBLA), a global leader in powering recommendations for the open web, today announced Taboola for Audience, a new AI-powered technology that empowers publishers to drive significantly more traffic, which is more critical now than ever. Publishers are making use of Taboola for Audience capabilities and with it, Taboola has driven nearly 10 percent more traffic to select publisher sites. making it a top referral source after social media and search. A ...