Taboola beats Q1 guidance on all metrics; raises FY2023 midpoint, announces $40M buyback

Taboola.com Ltd.

2023-Q1 EPS reported -$0.09 revenue$327,686,000

Q1 revenue $327.7M, ex-TAC gross profit $115.7M, adjusted EBITDA $10.1M; all exceeded high end of guidance.
Full-year 2023 guidance raised: revenue $1,427M-$1,469M, adjusted EBITDA $65M-$80M, positive free cash flow expected.
Board authorized up to $40M share buyback; repaid $30M debt in April, expects up to $50M additional repayment in 2023.
2024 outlook: at least $200M adjusted EBITDA and $100M free cash flow, with Yahoo integration in Phase 1 (build and test).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Taboola.com Ltd. reported Q1 2023 results: revenue $327.7M, net income ($31.3M), EPS ($0.09). Guidance raised.

Period: Q1 2023
Revenue: $327.7M
Net income: ($31.3M)
EPS: ($0.09)
Guidance: raised
Result: reported results

Exact text from the filing

Taboola Beats Guidance in Q1 On All Metrics; Raises Mid-point for 2023; Announcing Up to $40M Buyback and $50M Debt Repayment - Q1 2023 Revenues of $327.7M, Gross Profit of $89.6M, ex-TAC Gross Profit of $115.7M, Net loss of $31.3M and Adjusted EBITDA of $10.1M, exceeding the high end of all guidance metrics.

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Source: SEC EDGAR

accession 0001140361-23-023785

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