Taboola.com(US:TBLA) Globenewswire·2025-02-26 11:30Core Insights - Taboola experienced a transformative year in 2024, focusing on performance advertising and launching a new independent platform called Realize [2] - The company has increased its share repurchase authorization by up to $200 million, indicating confidence in future growth [2] Financial Performance - For Q4 2024, Taboola reported revenues of $491 million, a 17% increase from $420 million in Q4 2023 [3] - Gross profit for Q4 2024 was $178 million, up from $138 million in Q4 2023, representing a 28% increase [3] - The net income for Q4 2024 was $33 million, compared to a net income of $0 in Q4 2023 [3] - The diluted EPS for Q4 2024 was $0.10, compared to $0.01 in Q4 2023 [3] - For the full year 2024, revenues reached $1.766 billion, a 23% increase from $1.440 billion in 2023 [3] - The full year gross profit was $534 million, up from $426 million in 2023 [3] - The company reported a net loss of $3.8 million for the full year 2024, a significant improvement from a loss of $82 million in 2023 [3] Cash Flow and Guidance - Cash flow from operating activities for Q4 2024 was $62 million, compared to $23 million in Q4 2023 [3] - Free cash flow for Q4 2024 was $52 million, up from $11 million in Q4 2023 [3] - 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 [4][5] Upcoming Events - Taboola will host an Investor Day on March 26, 2025, to discuss its strategy, market opportunities, and financial outlook [7]