Core Insights - Taboola has secured a new $270 million revolving credit facility, which will be used to pay off the remaining $123.2 million of its prior term loan, resulting in estimated annual interest savings of approximately $3 to $5 million [1][2]. Financial Impact - The refinancing reduces the company's cost of capital, strengthens liquidity, and extends debt maturities to 2030 [2]. - The new facility provides approximately $180 million in additional debt capacity, enhancing financial flexibility [6]. Business Strategy - The financing supports Taboola's ability to invest in profitable growth while maintaining an aggressive share buyback program [2]. - Taboola's advertising technology aims to deliver measurable outcomes at scale, empowering businesses to grow beyond traditional search and social platforms [3]. Market Position - Taboola collaborates with thousands of businesses, reaching around 600 million daily active users through its ad platform, Realize [4]. - Major publishers like NBC News and Yahoo, along with OEMs such as Samsung and Xiaomi, utilize Taboola's technology to enhance audience engagement and revenue [4].

NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- Taboola (NASDAQ:TBLA), a global leader in delivering performance at scale for advertisers, today announced that it has entered into a new $270 million revolving credit facility. Concurrent with the closing, the Company used proceeds from the new facility to pay in full the $123.2 million of remaining outstanding principal and accrued interest under the prior term loan. Based on currently prevailing rates, the Company estimates the annual interest savings to be ap ...

Core Insights - Taboola has reached a ten-year milestone in its advertising partnership with Microsoft, enhancing its collaboration to serve ads on more Microsoft properties [1][4] - The partnership includes advertising on popular Microsoft applications such as Outlook and within the Microsoft 365 productivity suite, expanding Taboola's reach [2][4] - Taboola's AI-powered technology enables monetization and user engagement across various digital properties, connecting advertisers with approximately 600 million daily active users [3][6] Company Overview - Taboola specializes in performance advertising technology, aiming to deliver measurable outcomes at scale beyond traditional search and social media [5] - The company collaborates with thousands of businesses and publishers, including major names like NBC News and Yahoo, to enhance audience growth and revenue [6]

Core Insights - Taboola has reached a ten-year milestone in its advertising partnership with Microsoft, enhancing its collaboration to serve ads on more Microsoft properties [1][4] - The partnership includes advertising on popular Microsoft applications such as Outlook and within the Microsoft 365 productivity suite, expanding Taboola's reach [2][4] - Taboola's AI-powered technology enables monetization and user engagement across various digital platforms, connecting advertisers with approximately 600 million daily active users [3][6] Company Overview - Taboola specializes in performance advertising technology, aiming to deliver measurable outcomes at scale beyond traditional search and social media [5] - The company collaborates with thousands of businesses, utilizing its ad platform, Realize, to reach a vast audience through major publishers like NBC News and Yahoo [6]

Core Insights - The article discusses the investment potential of Taboola (NASDAQ: TBLA), highlighting a previous "Strong Buy" rating based on expected double-digit revenue growth [1] Group 1: Company Overview - Taboola is positioned as a platform for matching ads on the open web, indicating its role in digital advertising [1] Group 2: Investment Strategy - The investment approach combines fundamental analysis with options strategies, focusing on various investment styles including income-oriented, growth at a reasonable price, deep value, and dividend aristocrats [1] - The analyst employs 20-25 options strategies for purposes such as hedging, bullish substitutes, neutral trades, trading volatility, and earnings-related trades [1] Group 3: Analyst's Position - The analyst holds a beneficial long position in Taboola shares through stock ownership, options, or other derivatives, indicating confidence in the company's future performance [2]

Taboola (NASDAQ: TBLA ), a company providing digital advertising platform, is a stock I have been following for some time. Previously, I have made two bullish calls on the stock. The first one was in 2023 and another oneAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TBLA over the next 72 hours. I wrote this ...

Financial Data and Key Metrics Changes - In 2024, the company achieved ex-TAC gross profit of $667 million, representing a 25% growth year-over-year, and adjusted EBITDA of $201 million, more than doubling the previous year's results [13][41] - Free cash flow for 2024 reached $149 million, exceeding the original target of $100 million by 49% and representing nearly three times the free cash flow compared to the prior year [13][46] - The company reported a net income of $33.1 million for Q4 2024, with a full-year net loss of $3.8 million, while non-GAAP net income for the full year was $122.4 million [45][49] Business Line Data and Key Metrics Changes - The enterprise advertising business saw strong growth, contributing to the overall revenue increase, particularly with the onboarding of partners like Yahoo and Apple [42][14] - Adjusted EBITDA margin for 2024 was 30.1%, reflecting strong cost discipline and the benefits of prior investments [44] Market Data and Key Metrics Changes - The company reached 600 million people daily, leveraging first-party data and AI to enhance advertising effectiveness [11][12] - The competitive landscape is shifting, with advertisers increasingly favoring standard display ads over native advertising, which has been identified as a limitation for growth [18][21] Company Strategy and Development Direction - The company is launching a new advertising platform called Realize, aimed at expanding beyond native advertising to capture the full performance advertising market [31][34] - The strategic focus for 2025 includes investing in AI and strengthening partnerships to drive demand and growth [16][24] - The company sees a $55 billion opportunity in performance advertising, particularly as advertisers shift budgets from social platforms due to diminishing returns [25][28] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that projected single-digit growth for 2025 is below historical rates and long-term ambitions, emphasizing the need to lay groundwork for future growth [16][53] - The company is optimistic about the potential of Realize to unlock demand and drive growth, despite current challenges in the native advertising market [89][106] Other Important Information - The board approved an additional $200 million for the share repurchase program, bringing the total authorization to approximately $240 million [50][52] - The company plans to introduce new metrics, including scaled advertisers and average revenue per scaled advertiser, to track growth initiatives [55][56] Q&A Session Summary Question: Concerns about Amazon's new strategy affecting connectivity business - Management views Amazon's strategy as an opportunity for growth outside of walled gardens, emphasizing the potential for retailers to diversify their reach [60][64] Question: Limitations of mobile device ecosystem and CTV growth - Management believes that while CTV is primarily for branding, there is an opportunity for performance advertising outside of traditional channels, positioning the company to fill that gap [66][71] Question: Product changes with Realize and Q1 2025 guidance - Realize aims to provide more demand-side tools and access to a broader range of ad placements, with the guidance reflecting a cautious approach to allow for traction [75][86] Question: Revenue growth expectations and competition with established DSPs - Management acknowledges the competitive landscape but believes that their unique positioning and focus on performance advertising will differentiate them from competitors like Trade Desk and Amazon [96][111]

Financial Data and Key Metrics Changes - In 2024, the company achieved ex-TAC gross profit of $667 million, representing a 25% growth year-over-year, and adjusted EBITDA of $201 million, which more than doubled from the previous year [13][42] - Free cash flow reached $149 million, exceeding the original target of $100 million by 49% and representing nearly three times the free cash flow compared to the prior year [13][46] - For Q4 2024, revenues reached $491 million, with ex-TAC gross profit of $212.7 million, growing 26% year-over-year [40][41] Business Line Data and Key Metrics Changes - The enterprise advertising business saw strong growth, contributing to the overall revenue increase, particularly with the onboarding of partners like Yahoo and Apple [42][14] - Adjusted EBITDA for Q4 was $92.3 million, growing 84% year-over-year, reflecting a 30.1% adjusted EBITDA margin [43][44] Market Data and Key Metrics Changes - The company noted that the native advertising market alone is not sufficient to support its ambitious growth plans, as many advertisers prefer standard display ads over native formats [18][21] - The company identified a $55 billion opportunity in performance advertising beyond search and social, driven by challenges in the EdTech landscape and diminishing returns from social platforms [25][28] Company Strategy and Development Direction - The company announced a strategic shift to expand beyond native advertising into the broader performance advertising market with the launch of its new platform, Realize [31][34] - The focus will be on leveraging first-party data and AI to enhance performance advertising capabilities and meet the needs of advertisers seeking better returns [36][38] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that projected single-digit growth for 2025 is below historical rates and long-term ambitions, emphasizing the need to lay groundwork for accelerated growth [15][16] - The company plans to invest in scaling demand and strengthening partnerships while maintaining a focus on cash generation and shareholder value [15][53] Other Important Information - The board approved an additional $200 million for the share repurchase program, bringing the total authorization to approximately $240 million [50][52] - The company will introduce new metrics, including scaled advertisers and average revenue per scaled advertiser, to track growth in advertiser demand [55][56] Q&A Session Summary Question: Concerns about Amazon's new strategy affecting connectivity business - Management views Amazon's actions as an opportunity for growth in the open web and believes that retailers will continue to seek diverse revenue streams [60][64] Question: Limitations of mobile device ecosystem and CTV growth - Management believes that while CTV is primarily for branding, there is an opportunity for performance advertising outside of traditional channels [66][69] Question: Product changes with Realize and Q1 2025 guidance - Realize aims to provide more demand-side tools and access to various ad placements, while the guidance reflects a cautious approach to allow the new product to gain traction [75][86] Question: Revenue growth expectations and competition with established DSPs - Management is optimistic about the potential of Realize to unlock growth and believes that the company can differentiate itself by focusing on performance advertising [96][104]

TRENOWATCH 11 2.2.2.8.8.6.6 P .... NYWHERE. MOVIES | the | 22 Tab99la ��@@0 What are Blue Zones and why they are the secret to ANYTHING. ANYWHERE. AGENDA 2 Q4 Updates & Momentum 1 3 ● Platform advantage driven by Taboola's technology (Brands & Agencies, Taboola News, Newsroom) EXPANDING EX-TAC MARGINS ex-TAC Margin By Year 40.00% 40.7% 37.3% 35.00% 32.3% <-TAC Marg 31.0% 30.00% 28.2% 27.0% 25.00% 22.5% 20.00% 18.8% 15.00% 2020A 2022A 2015A 2016A 2017A 2018A 2019A 2021A → Margins increase as competitive adva ...

Financial Data and Key Metrics Changes - In 2024, the company achieved ex TAC gross profit of $667 million, representing a 25% growth year-over-year, and adjusted EBITDA of $201 million, more than doubling the previous year's results [9][30] - Free cash flow for 2024 reached $149 million, exceeding the original target of $100 million by 49% and growing nearly three times compared to the prior year [9][31] - The company ended 2024 with a net cash balance of $103.9 million, with cash and cash equivalents totaling $226.6 million, surpassing long-term loan obligations of $122.7 million [33] Business Line Data and Key Metrics Changes - The enterprise advertising business saw strong growth, contributing to the overall revenue increase, particularly with the onboarding of Yahoo [30] - Excluding the impact of the Yahoo deal, the company estimates it grew over 10% on an ex TAC gross profit basis in 2024 [30] Market Data and Key Metrics Changes - The company reaches 600 million people daily, providing real-time insights into consumer behavior, which is a competitive advantage [8] - The advertising landscape is shifting, with many advertisers preferring standard display ads over native advertising, which has been identified as a limitation for growth [12][14] Company Strategy and Development Direction - The company is expanding beyond native advertising to capture the full performance advertising market, which is estimated to be a $55 billion opportunity [16] - The new advertising platform, Realize, aims to drive performance outcomes across various formats and placements, moving away from a sole focus on native advertising [20][21] - The company plans to leverage its first-party data and AI to enhance its offerings and meet the evolving needs of advertisers [24][55] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that the projected single-digit growth for 2025 is below historical rates and long-term ambitions, but emphasizes the importance of laying groundwork for future growth [11][36] - The company is optimistic about the potential of Realize to unlock demand and drive growth, despite current challenges in the native advertising market [69][70] Other Important Information - The company has approved an additional $200 million for its share repurchase program, bringing the total authorization to approximately $240 million [33] - The introduction of new metrics, such as scaled advertisers and average revenue per scaled advertiser, will help track progress in driving advertiser demand [37] Q&A Session Summary Question: Amazon's new strategy to pay media companies for traffic - Management views Amazon's strategy as an opportunity for growth in social commerce and believes that retailers will continue to seek ways to diversify their reach [40][42] Question: Concerns about being limited to mobile devices and CTV growth - Management believes there is a significant opportunity in performance advertising outside of traditional channels and aims to fill the gap left by competitors in the performance space [44][46] Question: Details on the Realize platform and its impact on demand - The Realize platform will provide advertisers with more options and ease of use, allowing them to upload existing creatives and access a wider range of ad placements [55][56] Question: Clarification on Yahoo's performance and future growth expectations - Management acknowledges that while the Yahoo deal has provided valuable supply, the expected growth from Yahoo's advertisers has not materialized as anticipated [66][68] Question: Competition with established DSPs like Trade Desk and Amazon - Management believes that the company can differentiate itself by focusing on performance advertising and capturing budgets from social platforms experiencing diminishing returns [73][75]