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 September 30, 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 registrant as specified in its charter) Israel (State or other jurisdiction ...

Taboola.com Ltd. (NASDAQ:TBLA) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Adam Singolda - Founder and Chief Executive Officer Stephen Walker - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities James Kopelman - TD Cowen Laura Martin - Needham & Company Daniel Day - B. Riley Securities Stephen Jue - Credit Susie Operator Good day and thank you for standing by. Welcome to the Taboola Q2 2023 Earnings Conference Call. At this time, all partic ...

Forward-Looking Statements - Disclaimer Nothing in this presentation should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no duty to update these forward-looking statements except as may be required by law ...

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 June 30, 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 registrant as specified in its charter) Israel (State or other jurisdiction of i ...

INVESTOR PRESENTATION Forward-Looking Statements - Disclaimer We calculate cash investment in publisher prepayments (net) for a specific measurement period as the gross amount of cash publisher prepayments we made in that measurement period minus the amortization of publisher prepayments that were included in traffic acquisition cost during that measurement period, which were the result of cash publisher prepayments made in that measurement period and previous periods. Non-GAAP Financial Measures This Prese ...

Taboola.com Ltd. (NASDAQ:TBLA) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Richard Hoss - Investor Relations Adam Singolda - Founder and Chief Executive Officer Stephen Walker - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer James Kopelman - TD Cowen Andrew Boone - JMP Securities Laura Martin - Needham Stephen Jue - Credit Susie Sergio Segura - KeyBanc Capital Markets Operator Good day and thank you for standing by. Welcome to the Taboola ...

PART I [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents Taboola.com Ltd.'s unaudited interim financial statements as of March 31, 2023, detailing financial position, performance, and cash flows [Consolidated Interim Balance Sheets](index=6&type=section&id=Consolidated%20Interim%20Balance%20Sheets) Total assets increased to **$1.77 billion** as of March 31, 2023, driven by a **$289.5 million** commercial agreement asset, with equity rising to **$1.11 billion** Balance Sheet Highlights (in thousands) | Balance Sheet Highlights (in thousands) | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$1,767,907** | **$1,529,623** | | Cash and cash equivalents | $218,849 | $165,893 | | Commercial agreement asset | $289,451 | $0 | | Goodwill | $555,931 | $555,869 | | **Total Liabilities** | **$659,244** | **$695,088** | | Long-term loan, net | $192,737 | $223,049 | | **Total Shareholders' Equity** | **$1,108,663** | **$834,535** | - A new 'Commercial agreement asset' of **$289.5 million** was recognized, related to the 30-year exclusive agreement with Yahoo[17](index=17&type=chunk)[27](index=27&type=chunk) [Consolidated Interim Statements of Income (Loss)](index=7&type=section&id=Consolidated%20Interim%20Statements%20of%20Income%20(Loss)) The company reported a **net loss of $31.3 million** in Q1 2023, a shift from prior year net income, as revenues decreased to **$327.7 million** and operating loss widened Income Statement (in thousands) | Income Statement (in thousands) | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Revenues | $327,686 | $354,726 | | Gross Profit | $89,592 | $112,030 | | Operating Loss | $(28,798) | $(7,699) | | Net Income (Loss) | $(31,313) | $3,888 | | Diluted EPS | $(0.09) | $0.01 | [Consolidated Interim Statements of Cash Flows](index=10&type=section&id=Consolidated%20Interim%20Statements%20of%20Cash%20Flows) Net cash from operations increased to **$17.5 million** in Q1 2023, while investing activities provided **$35.3 million**, leading to a **$53.0 million** increase in cash and cash equivalents Cash Flow Summary (in thousands) | Cash Flow Summary (in thousands) | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $17,524 | $8,123 | | Net cash provided by (used in) investing activities | $35,310 | $(49,648) | | Net cash provided by (used in) financing activities | $(206) | $804 | | **Increase (decrease) in cash and cash equivalents** | **$52,956** | **$(41,392)** | [Notes to Consolidated Interim Financial Statements](index=12&type=section&id=Notes%20to%20Consolidated%20Interim%20Financial%20Statements) Detailed notes disclose the **$288.1 million** Yahoo commercial agreement, issuance of shares, financing arrangements including a **$300 million** term loan, and **$16.1 million** in share-based compensation expense - On January 17, 2023, the company closed its 30-year commercial agreement with Yahoo, issuing shares with an aggregate fair value of **$288.1 million**[27](index=27&type=chunk) - The company has a **$300 million** senior secured term loan and an undrawn **$90 million** revolving credit facility; a **$30 million** term loan prepayment was made in April 2023[65](index=65&type=chunk)[69](index=69&type=chunk)[73](index=73&type=chunk) Revenue by Geography (in thousands) | Revenue by Geography (in thousands) | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | United States | $112,904 | $134,686 | | Israel | $57,626 | $50,694 | | Germany | $30,775 | $38,392 | | United Kingdom | $17,711 | $18,544 | | Rest of the world | $108,670 | $112,410 | | **Total** | **$327,686** | **$354,726** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 performance, attributing a **7.6% revenue decline** to macroeconomic headwinds, while highlighting the Yahoo partnership and cost management efforts, with liquidity deemed sufficient [Key Factors and Trends Affecting Performance](index=29&type=section&id=Key%20Factors%20and%20Trends%20Affecting%20our%20Performance) Performance is impacted by macroeconomic volatility and seasonality, leading to a September 2022 cost restructuring, while growth strategies focus on expanding partnerships, advertiser base, and improving network yield - Global economic and geopolitical volatility has negatively impacted advertising demand and yields, leading to a cost restructuring program in September 2022 affecting approximately **6% of global headcount**[103](index=103&type=chunk)[104](index=104&type=chunk) - The company's growth strategy focuses on increasing revenue from its approximately **15,000 digital property partners** and **18,000 advertiser clients** by improving algorithms, offering new products, and finding new ad placements[105](index=105&type=chunk)[107](index=107&type=chunk)[109](index=109&type=chunk) - The business is subject to seasonal trends, with advertising spend typically highest in the fourth quarter and lowest in the first quarter[113](index=113&type=chunk) [Key Financial and Operating Metrics](index=32&type=section&id=Key%20Financial%20and%20Operating%20Metrics) Key GAAP metrics for Q1 2023 include **$327.7 million** in revenues and **$89.6 million** in gross profit, while non-GAAP metrics show ex-TAC Gross Profit of **$115.7 million** and Adjusted EBITDA of **$10.1 million** Key Metrics (in thousands) | Key Metrics (in thousands) | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Revenues | $327,686 | $354,726 | | Gross profit | $89,592 | $112,030 | | Net income (loss) | $(31,313) | $3,888 | | **Non-GAAP Metrics** | | | | ex-TAC Gross Profit | $115,740 | $138,228 | | Adjusted EBITDA | $10,122 | $34,856 | | Free Cash Flow | $11,174 | $1,221 | Reconciliation: Net Income (Loss) to Adjusted EBITDA (in thousands) | Reconciliation: Net Income (Loss) to Adjusted EBITDA (in thousands) | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net income (loss) | $(31,313) | $3,888 | | Finance (income) expenses, net | $3,154 | $(11,195) | | Income tax benefit | $(639) | $(392) | | Depreciation and amortization | $22,601 | $22,676 | | Share-based compensation expenses | $13,527 | $17,039 | | Holdback compensation expenses | $2,555 | $2,790 | | M&A and other costs | $237 | $50 | | **Adjusted EBITDA** | **$10,122** | **$34,856** | [Results of Operations](index=40&type=section&id=Results%20of%20Operations) Q1 2023 revenues decreased by **7.6%** to **$27.0 million** due to weaker advertising demand, while gross profit fell **20.0%**, and guarantee costs significantly impacted traffic acquisition costs - Revenues decreased by **$27.0 million (7.6%)** year-over-year, primarily due to lower yields from existing digital properties, partially offset by new partners[167](index=167&type=chunk) - Ex-TAC Gross Profit decreased by **$22.5 million (16.3%)** year-over-year, attributed to lower yields and a mix shift to lower margin digital properties[170](index=170&type=chunk) - The cost of guarantees increased significantly, representing **19% of traffic acquisition costs** in Q1 2023, up from **10%** in Q1 2022[172](index=172&type=chunk) [Liquidity and Capital Resources](index=42&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2023, the company held **$274.4 million** in cash and investments, with an undrawn **$90 million** revolving credit facility, believing liquidity is sufficient for the next 12 months, and made a **$30 million** loan prepayment - The company's primary cash needs are for working capital, personnel, and contractual obligations, funded mainly by cash from operations, which was **$17.5 million** in Q1 2023[179](index=179&type=chunk) - As of March 31, 2023, the company had **$274.4 million** in cash, cash equivalents, and short-term investments, and an undrawn **$90 million** revolving credit facility[181](index=181&type=chunk)[183](index=183&type=chunk) - In April 2023, the company voluntarily prepaid **$30.0 million** of its outstanding long-term loan, which had a principal balance of **$234.2 million** at quarter-end[184](index=184&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=46&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks including foreign currency, interest rate, inflation, and credit risks, with significant exposure to NIS, EUR, GBP, JPY, and a **$234.2 million** variable-rate loan - The company is exposed to foreign currency risk, particularly from the NIS, Euro, British pound, and Japanese yen; a **10% adverse change** in the NIS/USD rate would have an **$0.8 million** impact on operating loss[208](index=208&type=chunk) - The company has interest rate risk from its **$234.2 million** variable-rate long-term loan, where fluctuations will impact interest expense[211](index=211&type=chunk) - Credit risk is present from accounts receivable and cash deposits held in banks, which significantly exceed FDIC and FSCS insurance limits[215](index=215&type=chunk)[216](index=216&type=chunk) [Controls and Procedures](index=47&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2023, with no material changes to internal control over financial reporting during the quarter - Management concluded that as of March 31, 2023, the company's disclosure controls and procedures were effective at the reasonable assurance level[219](index=219&type=chunk) - No material changes were identified in the company's internal control over financial reporting during the first quarter of 2023[221](index=221&type=chunk) PART II [Legal Proceedings](index=48&type=section&id=Item%201.%20Legal%20Proceedings) The company is cooperating with a U.S. Department of Justice criminal investigation into industry hiring activities, believing its conduct was lawful, and is not party to other material legal proceedings - The company is cooperating with a U.S. Department of Justice criminal investigation into hiring activities in its industry but does not believe its conduct violated applicable law[90](index=90&type=chunk) [Risk Factors](index=48&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were identified from those disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2022 - There are no material changes to the risk factors disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2022[223](index=223&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=48&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) On January 17, 2023, the company issued **39.5 million** Ordinary Shares and **45.2 million** Non-Voting Ordinary Shares to Yahoo in an unregistered transaction related to their commercial agreement - In January 2023, the company issued **39,525,691 Ordinary Shares** and **45,198,702 Non-Voting Ordinary Shares** to Yahoo in an unregistered transaction related to their commercial agreement[224](index=224&type=chunk) [Exhibits](index=49&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Quarterly Report on Form 10-Q, including agreements related to the Yahoo transaction and CEO/CFO certifications - Lists exhibits filed with the report, including agreements related to the Yahoo transaction and CEO/CFO certifications[229](index=229&type=chunk)

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, 2022 ☐ 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 ...

Taboola.com Ltd. (NASDAQ:TBLA) Q4 2022 Earnings Conference Call February 24, 2023 8:30 AM ET Company Participants Adam Singolda - Founder & CEO Steve Walker - CFO Richard Hoss - IR Conference Call Participants Andrew Boone - JMP Securities James Kopelman - Cowen & Company Laura Martin - Needham & Company Stephen Ju - Credit Suisse Justin Patterson - KeyBanc Capital Markets Jason Helfstein - Oppenheimer & Co. Operator Ladies and gentlemen, and thank you for standing by, and welcome to the Taboola fourth quar ...

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