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 ...

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. (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 ...

Core Viewpoint - Taboola (NASDAQ:TBLA) is significantly undervalued, with potential upside exceeding 100% following a recent decline in share price [2][31] - The company has established long-term exclusive contracts with major players like Apple and Yahoo!, which are expected to enhance business metrics through 2024 and into 2025 [3][33] Business Model - Taboola operates a straightforward B2B model, signing long-term exclusive agreements with content creators and generating income from advertisers based on engagement metrics [4][6] - The recommendation engine, powered by AI, is central to Taboola's value proposition, as it determines which ads to display to users [4][9] Digital Assets and Partnerships - As of the end of FY 2023, Taboola had 12,000 digital asset partners, including Microsoft and NBCUniversal, and has signed significant contracts with Yahoo! and Apple [7][19] - The company aims to expand its reach beyond traditional publishers, leveraging partnerships with Android OEMs to drive revenue growth [7][8] Financial Performance - Taboola reported a strong balance sheet with $1 billion in equity and more cash than its total debt of $145 million [19] - Revenue has been growing consistently, with Q1 2024 showing a 26% increase to $414 million, driven by the integration of Yahoo! and organic e-commerce growth [21][26] Competitive Landscape - Taboola competes with major players like Meta, Google, and The Trade Desk, but differentiates itself by not relying on third-party cookies or the UID2.0 system [10][18] - The company has a lower average revenue per user (ARPU) compared to competitors, but aims to increase this to $10 over time, which would significantly boost revenue without expanding the user base [10][25] Future Outlook - Management guidance suggests a revenue target of around $2 billion, with expectations of a 33% growth in 2024 [25][26] - The company is positioned for a step change in financial performance as it completes the integration of Yahoo! and ramps up revenue into 2025 [26][31]

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced that it will release second quarter 2024 financial results on Wednesday, August 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 Second Quarter 2024 Financial Results Conference Call When: Wednesday, August 7, 2024 at 8:30 a.m. ET Details: Taboola's senior management t ...

NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Taboola (NASDAQ:TBLA), a global leader in powering recommendations for the open web, today announced that it has been honored by Great Place to Work® and Fortune as one of the 2024 Best Workplaces in New York. This is Taboola's first time being named to the list. Earning a spot means that Taboola has surpassed rigorous benchmarks, establishing itself as one of the best workplaces among companies headquartered in New York. Great Place To Work collected nearly 140,0 ...