Taboola beats Q2 guidance across all metrics; raises FY2023 midpoint

Taboola.com Ltd.

2023-Q2 EPS reported -$0.18 revenue$659,690,000

Q2 revenue $332M, ex-TAC gross profit $123.1M, Adj EBITDA $15.7M; all above high end of guidance.
Raised FY2023 guidance: revenue $1.438-1.469B, Adj EBITDA $73-80M; positive free cash flow expected.
eCommerce now ~20% of ex-TAC (up from 15%); Taboola News approaching $100M from $50M in 2022.
Reiterated 2024 guidance: Adj EBITDA $200M+, free cash flow $100M+.
Yahoo integration on schedule; early pilot markets live; impact immaterial to date.

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 0.95

Taboola.com Ltd. reported the second quarter of 2023 results: revenue $332.0M, net income Net loss of $31.3M, EPS $(0.09). Guidance raised.

Period: the second quarter of 2023
Revenue: $332.0M
Net income: Net loss of $31.3M
EPS: $(0.09)
Guidance: raised
Result: reported results

Exact text from the filing

EXHIBIT 99.1 Exhibit 99.1 Taboola Beats High End of Guidance in Q2 On All Metrics, Raises Mid-point for 2023 - Exceeded high end of guidance on all metrics - Q2 2023 Revenues of $332.0M, Gross Profit of $97.1M, ex-TAC Gross Profit of $123.1M, Net loss of $31.3M and Adjusted EBITDA of $15.7M. - Net cash provided by operating activities of $11.6M and Free Cash

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Source: SEC EDGAR

accession 0001140361-23-038678

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