The earnings call highlighted strong financial performance, successful partnerships, and significant growth in international markets, especially in China. Despite these positives, the company reported a net loss and high income tax expenses. Overall, the positive aspects significantly outweigh the negatives, indicating robust growth and strategic advancements.

Company Guidance

In the Taboola Q3 2024 earnings call, the company reported exceeding guidance midpoints for revenue, ex-TAC gross profit, and adjusted EBITDA, while raising their free cash flow target to over $105 million, more than double the previous year. Revenue reached $433 million, marking a 20% year-over-year growth, and ex-TAC gross profit increased by 30% year-over-year to $166.4 million. Adjusted EBITDA grew by 110% to $47.9 million, reflecting a margin of 29%. The company reiterated its annual guidance for all metrics and highlighted a strong momentum heading into Q4, with specific mentions of growth in international markets like China, where ad spend doubled. Taboola also emphasized investments in AI and automation to enhance advertiser success and drive yield growth, alongside strategic partnerships with major players such as Microsoft, Yahoo!, and Apple contributing positively to their performance.

Strong Financial Performance

Q3 revenues reached $433 million, reflecting a 20% year-over-year increase. Ex-TAC gross profit grew by 30% year-over-year, and adjusted EBITDA increased by 110% year-over-year.

Increased Free Cash Flow Target

The company raised its free cash flow target for 2024 to more than $105 million, more than double what was generated in 2023.

Growth in International Markets

Significant growth in the Chinese market, with advertisers doubling their global spend compared to last year.

Successful Partnerships

Expanded partnerships with major tech companies like Microsoft, Yahoo!, and Apple, with new initiatives such as Taboola Select attracting Tier 1 advertisers.

AI Adoption and Personalization

Growth in publisher adoption of AI, enhancing engagement and driving new traffic channels, including a renewed partnership with Xiaomi.

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Taboola.com (TBLA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TBLA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 11, 2021	2021 (Q1)	- / 0.62	―	―	―	―
Aug 11, 2021	2021 (Q2)	-0.23 / -1.39	―	―	―	―
Nov 09, 2021	2021 (Q3)	-0.02 / 0.07	―	―	―	―
Feb 22, 2022	2021 (Q4)	0.03 / 0.00	―	―	―	―
May 12, 2022	2022 (Q1)	-0.05 / 0.01	0.62	-97.58% (-0.60)	―	―
Aug 09, 2022	2022 (Q2)	-0.08 / -0.02	-1.39	98.56% (+1.37)	―	―
Nov 09, 2022	2022 (Q3)	-0.12 / -0.10	0.07	-242.86% (-0.17)
Feb 24, 2023	2022 (Q4)	0.05 / 0.06	0	―
May 10, 2023	2023 (Q1)	-0.16 / -0.09	0.015	-700.00% (-0.10)
Aug 09, 2023	2023 (Q2)	-0.11 / -0.09	-0.02	-350.00% (-0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TBLA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$3.34	$3.32	-0.60%
Aug 07, 2024	$2.91	$3.14	+7.90%
May 08, 2024	$4.53	$4.54	+0.22%
Feb 28, 2024	$4.79	$4.46	-6.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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