Taboola Reports Strong Fourth Quarter & Full Year 2024 Financial Results; Announces $200M Share Repurchase Expansion; Launches Realize Platform

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]