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Financial Data and Key Metrics Changes - Q3 2024 revenues reached $433 million, reflecting a 20% year-over-year increase, while ex-TAC gross profit grew by 30% year-over-year to $166.4 million [31][32] - Adjusted EBITDA for the quarter was $47.9 million, up 110% year-over-year, with a margin of 29% [33] - Free cash flow was $42.9 million, benefiting from growth in adjusted EBITDA and favorable operating leverage [33] - The GAAP net loss narrowed to $6.5 million from $23.1 million in Q3 2023, with non-GAAP net income at $22.2 million [32][36] Business Line Data and Key Metrics Changes - The core business is focused on increasing the number of advertisers and their spending, with a notable increase in Tier-1 advertiser engagement [9][15] - The adoption of AI by publishers is seen as a significant growth opportunity, with expectations for increased user engagement [10][11] - E-commerce is performing well, particularly through the "Shop Your Likes" initiative, which is driving strong growth [25][86] Market Data and Key Metrics Changes - The company is experiencing growth in international markets, particularly in China, where advertiser spending has doubled year-over-year [16][22] - The partnership with Xiaomi has been expanded, enhancing the company's presence in new markets [23] - Taboola News is driving traffic to publishers, with over a million users daily, and aims to become a significant traffic source for publishers [24][59] Company Strategy and Development Direction - The company is focused on enhancing its technology offerings to attract more advertisers and improve performance [9][27] - Long-term exclusive agreements with publishers provide a competitive advantage and a predictable inventory base for advertisers [14] - Investments in AI and new distribution channels are central to the company's growth strategy [10][12][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's growth trajectory, reaffirming guidance for 2024 and raising the free cash flow target to over $105 million [7][43] - The company is focused on driving demand and improving advertising success through technology investments [27][45] - Management highlighted the importance of adapting to industry changes and the growing role of AI in advertising [99][100] Other Important Information - The company plans to hold an Investor Day early next year to share new developments [28] - The company has been recognized for its technology and advertising platform, winning awards for its innovations [29] Q&A Session Summary Question: Progress with Apple relationship - Management is optimistic about the Apple partnership, seeing it as a potential major revenue contributor and a way to attract premium advertisers [48][49] Question: Feedback on Max Conversions - The adoption rate of Max Conversions is about 70%, with significant growth in campaigns and advertisers using the solution [50][52] Question: Traffic growth goals - Management aims for Taboola News to become a significant traffic source for publishers, targeting over 10% of their traffic [54][59] Question: Impact of potential tariffs on revenue from China - Revenue from China is low single-digit percentages, with minimal risk from potential tariffs [64][66] Question: Expectations for next year - Management is excited about growth prospects but will provide specific guidance in February [68][70] Question: E-commerce growth and future product roadmap - E-commerce is performing well, with investments in sales teams to drive growth, and a focus on expanding product offerings [84][86]

INVESTOR PRESENTATION Q3 2024 Forward-Looking Statements - Disclaimer Certain statements in this presentation are forward-looking statements, including our Q4 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", "beli ...

Company Performance - Taboola.com Ltd. reported a quarterly loss of $0.02 per share, matching the Zacks Consensus Estimate, compared to earnings of $0.01 per share a year ago, indicating an earnings surprise of -200% [1] - The company posted revenues of $433.01 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.14% and showing an increase from year-ago revenues of $360.22 million [2] - Over the last four quarters, Taboola.com has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Taboola.com shares have declined approximately 22.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $477.95 million, and for the current fiscal year, it is $0.03 on revenues of $1.75 billion [7] Industry Outlook - The Computers - IT Services industry, to which Taboola.com belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Taboola.com's stock performance [5][6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-40566 TABOOLA.COM LTD. (Exact nam ...

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]

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, has signed an exclusive multi-year partnership with National World, one of the UK’s largest regional publishers reaching more than 15 million monthly visitors. The London Stock Exchange-listed National World is now implementing Taboola’s suite of products to grow its audience, optimise user engagement and drive revenue across its digital properties. These include over 60 regional ...

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced that it will release third quarter 2024 financial results on Thursday, November 7, 2024 before market open, followed by a conference call and webcast at 8:30 a.m. ET that same day. Conference call details below: What: Taboola Third Quarter 2024 Financial Results Conference Call When: Thursday, November 7, 2024 at 8:30 a.m. ET Details: Taboola's senior management t ...

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 ...