Taboola beats Q3 guidance, raises FY2023 EBITDA guidance, corrects Q4 Non-GAAP Net Income outlook

Taboola.com Ltd.

2023-Q3 EPS reported -$0.25 revenue$1,019,911,000

Q3 revenues $360.2M, ex-TAC gross profit $128.4M, Adjusted EBITDA $22.8M, Non-GAAP Net Income $6.7M.
Raised FY2023 Adjusted EBITDA guidance to $75M-$82M, Non-GAAP Net Income to $7M-$12M.
Corrected Q4 2023 Non-GAAP Net Income guidance to $6M-$11M; reiterated 2024 targets of $200M+ EBITDA and $100M+ FCF.
Announced $40M additional share buyback authorization and up to $30M debt repayment.
Q3 free cash flow $22.8M; last twelve months free cash flow $55.4M, 3x prior year comparable period.

item 2.02 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 quarter ended September 30, 2023 results: revenue $360.2M, net income Net loss of $23.1M, EPS $(0.07). Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $360.2M
Net income: Net loss of $23.1M
EPS: $(0.07)
Guidance: raised
Result: reported results

Exact text from the filing

Taboola Beats High End of Guidance in Q3 On All Metrics, Raises Adj. EBITDA and Non-GAAP Net Income Guidance for 2023 - Exceeded high end of guidance on all metrics - Q3 2023 Revenues of $360.2M, Gross Profit of $100.7M, ex-TAC Gross Profit of $128.4M, Net loss of $23.1M, Non-GAAP Net Income of $6.7M and Adjusted EBITDA of $22.8M.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Taboola.com Ltd. reported Q4 2023 results: revenue $418 - $449. Guidance raised.

Period: Q4 2023
Revenue: $418 - $449
Guidance: raised
Result: guidance update

Exact text from the filing

Q4 2023 Guidance FY 2023 Guidance Unaudited (dollars in millions) Revenues $418 - $449 $1,438 - $1,469

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Taboola.com Ltd. reported Full Year 2023 results: revenue $1,438 - $1,469. Guidance raised.

Period: Full Year 2023
Revenue: $1,438 - $1,469
Guidance: raised
Result: guidance update

Exact text from the filing

2023 Guidance For the Fourth Quarter and Full Year 2023, the Company currently expects: Q4 2023 Guidance FY 2023 Guidance Unaudited (dollars in millions) Revenues $418 - $449 $1,438 - $1,469 Gross profit $132 - $148 $420 - $436 ex-TAC Gross Profit* $164 - $179 $531 - $546 Adjusted EBITDA* $26 - $33 $75 - $82 Non-GAAP Net Income (Loss)* $6 - $11 $7 - $12

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Taboola.com Ltd. updated its 2024 guidance (reaffirmed).

Period: 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Reiterating 2024 guidance of $200M+ Adjusted EBITDA, $100M+ Free Cash Flow.

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Taboola.com Ltd. filing history →

Source: SEC EDGAR

accession 0001140361-23-052118

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