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Taboola to Release Second Quarter 2024 Financial Results and Host Earnings Conference Call on August 7, 2024
GlobeNewswire News Room· 2024-07-17 20:05
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 ...
Taboola Named One of the Fortune Best Workplaces in New York in 2024 by Great Place to Work®
Newsfilter· 2024-06-13 13:00
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 ...
New YouGov Study Shows Only 25% of Advertisers are Ready for Cookie Deprecation, Advertisers Intend to Diversify Media Mixes in a Post-Cookie World
Newsfilter· 2024-06-12 13:00
Core Insights - Taboola conducted a study with YouGov to assess advertiser readiness for cookie deprecation and its anticipated impact on their business [5][7][8] Group 1: Advertiser Preparedness - Only 25% of advertisers feel completely prepared for the cookie phaseout, indicating a significant gap in readiness [7] - 46% of advertisers support Google's decision to delay the cookie phaseout, reflecting uncertainty in the industry [7] Group 2: Changes in Advertising Spend - 44% of advertisers plan to shift their advertising spend to different channels as cookies are phased out, suggesting a strategic pivot in response to changing digital landscapes [7] - Search advertising (59%) and digital native advertising (55%) are viewed as the channels likely to provide the best performance and return on investment in a cookieless environment [13] Group 3: Taboola's Market Position - Taboola serves around 18,000 advertisers, reaching nearly 600 million daily active users, and is a leader in e-commerce recommendations with over 1 million monthly transactions [5] - The company has established partnerships with major digital properties, enhancing its market presence and credibility [9]
Taboola Signs Exclusive Deal with Foundry to Power Content Recommendations Across its Network of Consumer Sites Including Macworld, PCWorld, TechHive, Tech Advisor, and More
globenewswire.com· 2024-05-29 13:00
NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced a partnership with Foundry, the media, data, and martech division of IDG, Inc., which garners 28 million monthly visitors. Foundry is utilizing Taboola's suite of products across its global digital Consumer properties, including Macworld, PCWorld, TechHive, Tech Advisor, PCWelt and M3. Taboola aims to grow Foundry's large audience, optimize user engagement, and dri ...
Taboola.com(TBLA) - 2024 Q1 - Earnings Call Transcript
2024-05-08 18:56
Taboola.com Ltd. (NASDAQ:TBLA) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Jessica Kourakos - Head of IR Adam Singolda - Founder and CEO Stephen Walker - CFO Conference Call Participants Laura Martin - Needham Matt Condon - Citizens JMP Zach Cummins - B. Riley Securities James Kopelman - TD Cowen Jason Helfstein - Oppenheimer Operator Good day, and thank you for standing by. Welcome to the Taboola First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be ...
Taboola.com(TBLA) - 2024 Q1 - Quarterly Report
2024-05-08 10:13
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 March 31, 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 name of registrant as specified in its charter) Israel (State or other jurisdiction of ...
Taboola.com(TBLA) - 2024 Q1 - Quarterly Results
2024-05-08 10:10
Exhibit 99.1 Taboola Q1 2024 Results Beat High End of Guidance; Reiterates 2024 Guidance and Expects Accelerating Growth Across All Key Metrics Q1 2024 and FY 2024 Key Highlights Q1 Financials - beat high end of guidance across all key metrics 2024 Guidance - expecting strong Q2 and FY 2024 YoY growth across all metrics Share Buyback - Bought back $28M in shares in Q1; $92M remaining under current buyback authorization (~7% of current market cap); expecting buyback program to continue through 2024 Engaging/ ...
Taboola.com(TBLA) - 2023 Q4 - Earnings Call Transcript
2024-02-28 16:23
Financial Data and Key Metrics Changes - Q4 2023 revenues were approximately $420 million, growing 13% year-over-year, accelerating from Q3 levels [18] - Ex-TAC gross profit for Q4 was $169 million, representing a 6% year-over-year growth [18] - Full-year 2023 revenue reached over $1.4 billion, with an adjusted EBITDA of $99 million and a net loss of $82 million [19][26] - Free cash flow for 2023 was $52 million, up 181% compared to 2022 [19] Business Line Data and Key Metrics Changes - E-commerce experienced double-digit growth in 2023, driven by increased advertising budgets from major retail advertisers [20] - Taboola News exceeded $100 million in revenue in 2023, indicating strong growth potential [20][43] - The Header Bidding segment is expected to expand, with Microsoft being the largest bidder partner [13] Market Data and Key Metrics Changes - The open web market is estimated to be around $80 billion, with significant room for monetization improvements [14] - Taboola's revenue per user is approximately $3.00 to $4.00 annually, compared to $200 for Meta and $33 for Snap, highlighting potential growth opportunities [14] Company Strategy and Development Direction - The company is focusing on enhancing its technology and AI capabilities to improve user engagement and monetization [11][14] - A new share buyback authorization of $100 million has been announced, representing about 6% of the current market cap [5][28] - The company aims to become the advertising engine of choice for the open web, leveraging partnerships with major brands like Yahoo [42][59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2024 being a record year, with expected revenue growth of 33% to nearly $2 billion [28] - The company anticipates positive yield growth in 2024 after two years of softness [25][63] - Management highlighted the importance of the Yahoo partnership and the onboarding of a new iconic consumer brand as key growth drivers [25][59] Other Important Information - The company has seen a significant increase in free cash flow and operating cash flow, indicating strong financial health [52] - The share repurchase program has been active, with over 15 million shares repurchased at an average price of $3.62 [23] Q&A Session Summary Question: Clarification on Yahoo revenue - Management confirmed that the $100 million revenue expectation from Yahoo is for Q1 2024, not cumulative [34][65] Question: Impact of Yahoo on business growth - Management indicated that while Yahoo contributes significantly to growth, the overall business is still expanding independently [89] Question: Challenges with new enterprise advertisers - Management noted that new enterprise clients are looking for innovative ad formats and experiences, which could lead to new product developments [98][100] Question: Political advertising impact - Historically, political cycles have provided a boost in demand, but management remains conservative in their financial planning regarding this [95] Question: Data as a differentiator for AI - Management emphasized the importance of their extensive data set for training AI and enhancing advertising effectiveness [75][76]
Taboola.com(TBLA) - 2023 Q4 - Earnings Call Presentation
2024-02-28 13:49
→ 2 | --- | --- | |-------------------------------|--------------------------------------------------------| | | | | ➔ | Apple started blocking 3rd party cookies in 2017 | | ➔ | Firefox, Edge, etc are also blocking 3rd party cookies | | ➔ GDPR launched in 2018 | | | ➔ CCPA launched in 2019 | | | | | | ➔ IDFA launched April, 2021 | | Easily ANALYZE: O SHORT-TERM ➔ Publisher wins that were new and from competitors included A360 Media, Postmedia, Diario, Deutsche Welle, Times Internet, Nine Entertainment. Tab9 ...
Taboola.com(TBLA) - 2023 Q4 - Annual Report
2024-02-28 11:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-K _________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ 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 name of regist ...