secwatch.observer — SEC 8-K summary
======================================

Issuer:     Taboola.com Ltd. (TBLA)
CIK:        0001840502
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001140361-23-051967
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Taboola beats Q3 guidance: rev $360.2M, Adj. EBITDA $22.8M; raises FY Adj. EBITDA to $75-82M; $40M buyback
--------------------------------------------------------------------------------

- Q3 revenue $360.2M (guidance $331-357M), ex-TAC gross profit $128.4M, Adj. EBITDA $22.8M, Non-GAAP net income $6.7M.
- Raised FY2023 Adj. EBITDA guidance to $75-82M and Non-GAAP net income to $7-12M; Q4 Adj. EBITDA guidance $26-33M.
- Announced $40M additional share buyback authority and up to $30M debt repayment; Q3 buyback $18.6M (total $23M through Sep).
- Yahoo partnership: 100% global supply available via Taboola; expects low tens of millions revenue in Q4, full ramp by mid-2024.
- eCommerce double-digit growth; Taboola News on track to ~$100M in 2023; Microsoft revenue nearly 2x YoY in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840502/000114036123051967/0001140361-23-051967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840502/000114036123051967/ef20014068_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-051967

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer