Core Insights - Taboola reported strong financial results for Q4 and full year 2024, indicating a transformative year for the company with significant growth in revenues and profitability [2][3][21] - The company launched a new independent performance advertising platform called Realize, aimed at expanding its offerings beyond traditional search and social advertising [2][3] - Taboola increased its share repurchase authorization by up to $200 million, reflecting confidence in its future performance [2] Financial Performance - Q4 2024 revenues reached $491 million, up from $419.8 million in Q4 2023, representing a 17% year-over-year increase [3][21] - Full year 2024 revenues totaled $1.766 billion, compared to $1.440 billion in 2023, marking a 23% increase [3][21] - Gross profit for Q4 2024 was $177.6 million, up from $138.3 million in Q4 2023, while full year gross profit increased to $534.2 million from $425.6 million [3][21] - Net income for Q4 2024 was $33.1 million, compared to a net loss of $0.0 million in Q4 2023, and the full year net loss narrowed to $3.8 million from $82 million in 2023 [3][21] Non-GAAP Financial Metrics - Non-GAAP ex-TAC gross profit for Q4 2024 was $212.7 million, up from $168.5 million in Q4 2023, and for the full year, it increased to $667.5 million from $535.8 million [4][37] - Adjusted EBITDA for Q4 2024 was $92.3 million, compared to $50.1 million in Q4 2023, and for the full year, it rose to $200.9 million from $98.7 million [4][34] - Non-GAAP net income for Q4 2024 was $73.3 million, up from $26.7 million in Q4 2023, while for the full year, it increased to $122.4 million from $32.6 million [4][37] Guidance for 2025 - For Q1 2025, Taboola expects revenues between $407 million and $427 million, and for the full year 2025, revenues are projected to be between $1.838 billion and $1.888 billion [5][6] - Gross profit guidance for Q1 2025 is expected to be between $109 million and $115 million, while for the full year 2025, it is projected to be between $536 million and $552 million [5][6] Upcoming Events - Taboola will host an Investor Day on March 26, 2025, to discuss its strategy, market opportunities, and financial outlook [9]

Financial Performance - The company reported a total revenue of $500 million for the year ended December 31, 2024, representing a 15% increase compared to $435 million in 2023[433]. - Total revenues for the year ended December 31, 2024, increased to $1,766,220, representing a 22.7% growth compared to $1,439,685 in 2023[459]. - Gross profit for 2024 was $534,218, up from $425,558 in 2023, indicating a gross margin improvement[459]. - Operating income for 2024 was $25,917, a significant recovery from an operating loss of $63,737 in 2023[459]. - Net loss for 2024 narrowed to $3,760 compared to a net loss of $82,040 in 2023, reflecting improved financial performance[459]. - Cash provided by operating activities increased to $184.33 million in 2024, up from $84.37 million in 2023, reflecting a growth of approximately 118%[464]. - The net loss for 2024 was $3.76 million, a significant improvement from a net loss of $82.04 million in 2023, representing a reduction of approximately 95.4%[461]. - Comprehensive loss for 2024 was $4.28 million, compared to $80.26 million in 2023, indicating a decrease of about 94.7%[461]. Liquidity and Cash Management - The company maintained cash balances exceeding $100 million as of December 31, 2024, ensuring strong liquidity for future investments[425]. - Cash and cash equivalents increased to $226,583 as of December 31, 2024, up from $176,108 in 2023[455]. - Total current assets increased to $656,001 in 2024, up from $559,412 in 2023, showing improved liquidity[455]. - The total cash and cash equivalents at the end of 2024 were $226.58 million, up from $176.11 million at the end of 2023, representing a growth of about 28.6%[464]. Investments and Acquisitions - The Company completed the acquisition of Gravity R&D Zrt. in July 2022 for a total consideration of $7,035 thousand, with $5,925 thousand attributed to goodwill[565]. - The acquisition of Gravity R&D was consolidated into the Company's financial statements but had an immaterial impact on the results for the year ended December 31, 2022[567]. Shareholder Activities - The company repurchased ordinary shares amounting to $73.6 million in 2024, compared to $55.5 million in 2023, reflecting an increase of approximately 32.6%[464]. - The Company repurchased a total of 18,287,890 shares in 2024 at an average price of $4.06 per share, with remaining authorization to repurchase up to $45,562[594]. - In February 2025, the Company's board authorized an additional $200,000 for the Buyback Program, subject to legal conditions[595]. Expenses and Costs - Share-based compensation expenses rose to $67.1 million in 2024 from $64.3 million in 2023, marking an increase of about 4.3%[464]. - The Company reported a depreciation and amortization expense of $100.93 million in 2024, compared to $96.51 million in 2023, which is an increase of approximately 4.9%[464]. - Traffic acquisition costs rose to $1,101,556 in 2024, up from $903,866 in 2023, reflecting higher investment in customer acquisition[459]. - Total interest expenses related to the long-term loan were $15,549 in 2024, down from $19,885 in 2023[584]. Risk Management - A 10% increase in the NIS against the USD would have negatively impacted operating income by approximately $2.16 million, while a 10% decrease would have positively impacted it by the same amount[418]. - The company has established a hedging program to manage foreign currency risks, specifically using foreign currency forward contracts[418]. - The company faces risks related to competition, regulatory changes, and potential disruptions from geopolitical events[22]. Revenue Recognition and Accounting Policies - The Company recognizes revenue based on the control of promised goods or services, with significant judgment required to determine gross or net reporting[521][523]. - The Company accounts for leases under ASU 2016-02, with operating lease right of use assets measured at the present value of future lease payments[8]. - The Company amortizes internal-use software development costs over an estimated useful life of three years[508]. Other Financial Metrics - The company recognized revenues from related parties amounting to $233,640 in 2024, compared to $40,902 in 2023, highlighting increased transactions with affiliates[459]. - Trade receivables rose to $370,110 in 2024, compared to $306,307 in 2023, indicating growth in customer credit[455]. - Total liabilities decreased to $666,752 in 2024 from $650,740 in 2023, indicating a reduction in financial obligations[455]. - The fair value of total warrants liability decreased from $6,129 thousand as of December 31, 2023, to $3,368 thousand as of December 31, 2024, a reduction of 45.0%[558].

Revenue and Profitability - Fourth quarter 2024 revenues reached $491.0 million, a 17% increase from $419.8 million in Q4 2023[3] - Full year 2024 revenues totaled $1,766.2 million, up 23% from $1,439.7 million in 2023[3] - Gross profit for Q4 2024 was $177.6 million, compared to $138.3 million in Q4 2023, reflecting a 28% increase[3] - Net income for Q4 2024 was $33.1 million, a significant improvement from a net loss of $0.0 million in Q4 2023[3] - Gross profit for the year ended December 31, 2024, was $534,218, up 25.5% from $425,558 in 2023[16] - Operating income for the year ended December 31, 2024, was $25,917, a recovery from an operating loss of $63,737 in 2023[16] - Net income for Q4 2024 was $33,143, compared to a net income of $3,723 in Q4 2023, marking a significant improvement[16] - Revenues for Q4 2024 reached $491,040 thousand, an increase of 17% compared to $419,774 in Q4 2023, and total revenues for the year 2024 were $1,766,220 thousand, an increase of 23% from $1,439,685 thousand in 2023[24] Cash Flow and Expenses - The company reported free cash flow of $51.9 million in Q4 2024, significantly higher than $10.5 million in Q4 2023[3] - Net cash provided by operating activities for Q4 2024 was $61,935 thousand, compared to $22,792 thousand in Q4 2023, and for the year 2024, it was $184,331 thousand, significantly higher than $84,373 thousand in 2023[21] - Free Cash Flow for the three months ended December 31, 2024, was $51,910 thousand, compared to $10,498 thousand in the same period of 2023, indicating a significant increase of 394%[32] - The company reported a Free Cash Flow of $149,176 thousand for the year ended December 31, 2024, compared to $52,240 thousand in 2023, reflecting an increase of 185%[32] Adjusted Metrics - Adjusted EBITDA for Q4 2024 was $92.3 million, up from $50.1 million in Q4 2023, representing an increase of 84%[3] - The ratio of Adjusted EBITDA to ex-TAC Gross Profit improved to 43.4% in Q4 2024, compared to 29.7% in Q4 2023[3] - Adjusted EBITDA for Q4 2024 was $92,279 thousand, up from $50,061 thousand in Q4 2023, and for the year 2024, it was $200,926 thousand, compared to $98,677 thousand in 2023[25] - Non-GAAP Net Income for Q4 2024 was $73,324 thousand, compared to $26,728 thousand in Q4 2023, with a total for the year 2024 at $122,377 thousand, significantly higher than $32,580 thousand in 2023[28] Shareholder Actions and Future Projections - The company announced a $200 million expansion of its share repurchase program, indicating strong confidence in future performance[2] - For Q1 2025, the company expects revenues between $407 million and $427 million, and for FY 2025, revenues are projected between $1,838 million and $1,888 million[4] - The projected Gross Profit for Q1 2025 is estimated to be between $109 million and $115 million, while for FY 2025, it is expected to be between $536 million and $552 million[34] - The company anticipates Traffic Acquisition Costs for Q1 2025 to be between $265 million and $282 million, with full-year costs projected at $1,198 million[34] Operating Expenses and Liabilities - Total operating expenses for the year were $508,301, compared to $489,295 in 2023, reflecting an increase of 3.9%[16] - Research and development expenses for the year increased to $142,438, up from $136,255 in 2023, indicating a growth of 4.3%[16] - Total current liabilities increased to $485,582 as of December 31, 2024, from $423,965 in 2023, reflecting a rise of 14.5%[15] - Total shareholders' equity decreased slightly to $1,051,906 in 2024 from $1,057,062 in 2023, a decline of 0.5%[15] Other Financial Metrics - The company reported a comprehensive income of $33,396 for Q4 2024, compared to $4,883 in Q4 2023[18] - Share-based compensation expenses totaled $67,098 for the year ended December 31, 2024, compared to $64,331 in 2023, an increase of 4.3%[19] - Share-based compensation expenses for Q4 2024 were $15,206 thousand, slightly up from $12,727 thousand in Q4 2023, with total expenses for the year 2024 at $60,044 thousand compared to $53,749 thousand in 2023[28] - The company incurred $3,494 thousand in M&A and other costs in Q4 2024, while there were no such costs reported in Q4 2023[25] - Professional and legal expenses related to litigation amounted to $1,664 thousand, which is not associated with ongoing business operations[30] - The company incurred $1,830 thousand in excess termination expenses due to a headcount reduction related to the launch of Realize[30] - The company has included one-time professional service costs in its financial results for the year ended December 31, 2024[30] - 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[34]

Core Insights - Taboola has entered into a new three-year exclusive partnership with LINE, marking its first third-party collaboration for news services in regions where such services are not yet available [1][2] - The partnership will enable LINE Plus to integrate Taboola News, enhancing recommendations and advertisements globally [2][3] - Taboola's platform utilizes artificial intelligence to drive monetization and user engagement across various digital properties [4] Company Overview - Taboola is a leader in powering recommendations for the open web, helping users discover content they may like [4] - The company has established long-term partnerships with major digital properties, including Yahoo, CNBC, BBC, NBC News, Business Insider, The Independent, and El Mundo [4] - Approximately 18,000 advertisers utilize Taboola to reach nearly 600 million daily active users, with a focus on e-commerce recommendations [5] Partnership Details - The partnership with LINE will leverage Taboola's extensive publisher network to deliver news recommendations directly to users [2] - LINE's CEO emphasized the importance of news consumption in keeping users informed, highlighting Taboola's expertise in enhancing user recommendations [3] - The collaboration aims to blend open web content with AI technology to achieve advertising success [3]

Core Insights - Taboola will hold an Investor Day on March 26, 2025, in New York City to discuss its strategy, market opportunity, and financial outlook [1] - The event will feature members of Taboola's management team and special guests, starting at 10:00 a.m. ET and concluding around 1:00 p.m. ET [1] Company Overview - Taboola is a global leader in powering recommendations for the open web, utilizing artificial intelligence to enhance user engagement and monetization for digital properties [3] - The company has established long-term partnerships with major digital platforms such as Yahoo, CNBC, BBC, NBC News, Business Insider, The Independent, and El Mundo [3] Market Presence - Approximately 18,000 advertisers utilize Taboola's platform to reach nearly 600 million daily active users in a brand-safe environment [4] - Taboola is recognized as a leader in e-commerce recommendations, facilitating over 1 million monthly transactions for prominent brands including Walmart, Macy's, Skechers, and eBay [4]

NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced that it will release fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025. Management will host a conference call and webcast to discuss financial results at 8:30 a.m. ET. What: Taboola Fourth Quarter and Full Year 2024 Financial Results Conference Call When: Wednesday, February 26, 2025 at 8:30 a.m. ET Details: Taboola's senior mana ...

NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced the renewal of its long-standing partnership with Reach PLC, the largest commercial news publisher in the UK and Ireland. The new multi-year agreement takes Taboola’s exclusive relationship with Reach into its thirteenth year. In the new deal, Reach will continue to implement Taboola’s suite of products to grow its audience, optimise user engagement, and drive rev ...

Core Insights - Taboola, a leader in powering recommendations for the open web, will participate in the Needham Growth Conference on January 15, 2025, hosting one-on-one meetings and a fireside chat [1] - The company utilizes artificial intelligence to enhance user engagement and monetization across various digital platforms [2] - Taboola has established long-term partnerships with major digital properties, including CNBC, BBC, and NBC News, enhancing its market presence [2] Company Overview - Taboola's platform is utilized by approximately 18,000 advertisers to reach nearly 600 million daily active users in a brand-safe environment [3] - Following the acquisition of Connexity in 2021, Taboola has become a leader in e-commerce recommendations, facilitating over 1 million monthly transactions [3] - Key customers include prominent brands such as Walmart, Macy's, Wayfair, Skechers, and eBay, indicating strong market demand [3]

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]