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 ...

Three years ago, we rated digital marketing company Taboola.com Ltd (NASDAQ: TBLA ) a Buy opportunity in our article on Seeking Alpha for retail value investors. The shares sold for ~$1.75 each-the stock closed out September '24 at $3.36. The I write for retail value investors who cannot afford to lose money but sometimes like to take a risk. I speak for free to community and school groups. I was teaching business, social/political activism, and Middle East politics to international university students in T ...

NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced that members of its management team will participate in the following investor conferences: Event: Oppenheimer 27th Annual Technology, Internet & Communications Conference Date: Monday, August 12, 2024 Presentation Time: 2:05 p.m. ET Event: Benchmark Technology, Media & Telecom Conference Date: Thursday, September 5, 2024 Event: B. Riley Consumer & TMT Conference ...

Taboola.com Ltd. (NASDAQ:TBLA) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Jessica Kourakos – Head-Investor Relations Adam Singolda – Founder and Chief Executive Officer Steve Walker – Chief Financial Officer Conference Call Participants Laura Martin – Needham Jason Helfstein – Oppenheimer & Co. James Kopelman – TD Cowen Zach Cummins – B. Riley Securities Matt Condon – Citizens JMP Operator Good day. And thank you for standing by. Welcome to the Taboola Second Quarter Ear ...

INVESTOR PRESENTATION 2024 Forward-Looking Statements - Disclaimer Certain statements in this presentation are forward-looking statements, including our Q3 2024 and full-year 2024 guidance. Forward-looking statements generally relate to future events including future financial or operating performance of Taboola.com Ltd. (the "Company"). In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect","guidance", "intend", "will", "estimate", "anticipate", "believe ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |--------------------------------------------------|----------------------------------------------------------------------|-------------------------------------| | For the transition | ...

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 ...