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Taboola Reports Strong Fourth Quarter & Full Year 2024 Financial Results; Announces $200M Share Repurchase Expansion; Launches Realize Platform
TBLATaboola.com(TBLA) GlobeNewswire·2025-02-26 11:30

Core 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 200million,indicatingconfidenceinfuturegrowth[2]FinancialPerformance−ForQ42024,Taboolareportedrevenuesof200 million, indicating confidence in future growth [2] Financial Performance - For Q4 2024, Taboola reported revenues of 491 million, a 17% increase from 420millioninQ42023[3]−GrossprofitforQ42024was420 million in Q4 2023 [3] - Gross profit for Q4 2024 was 178 million, up from 138millioninQ42023,representinga28138 million in Q4 2023, representing a 28% increase [3] - The net income for Q4 2024 was 33 million, compared to a net income of 0inQ42023[3]−ThedilutedEPSforQ42024was0 in Q4 2023 [3] - The diluted EPS for Q4 2024 was 0.10, compared to 0.01inQ42023[3]−Forthefullyear2024,revenuesreached0.01 in Q4 2023 [3] - For the full year 2024, revenues reached 1.766 billion, a 23% increase from 1.440billionin2023[3]−Thefullyeargrossprofitwas1.440 billion in 2023 [3] - The full year gross profit was 534 million, up from 426millionin2023[3]−Thecompanyreportedanetlossof426 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 82millionin2023[3]CashFlowandGuidance−CashflowfromoperatingactivitiesforQ42024was82 million in 2023 [3] Cash Flow and Guidance - Cash flow from operating activities for Q4 2024 was 62 million, compared to 23millioninQ42023[3]−FreecashflowforQ42024was23 million in Q4 2023 [3] - Free cash flow for Q4 2024 was 52 million, up from 11millioninQ42023[3]−ForQ12025,Taboolaexpectsrevenuesbetween11 million in Q4 2023 [3] - For Q1 2025, Taboola expects revenues between 407 million and 427million,andforthefullyear2025,revenuesareprojectedtobebetween427 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]