earnings
confidence high
sentiment positive
materiality 0.75
Taboola Q1 beats high end of all guidance; revenue +26% YoY to $414M, reiterates FY 2024 outlook
Taboola.com Ltd.
2024-Q1 EPS reported
-$0.08
revenue$414,008,000
- Revenue $414M (+26% YoY), Gross profit $109M, ex-TAC Gross Profit $138.9M, Net loss $26.2M.
- Adjusted EBITDA $23.5M (+132% YoY), Free Cash Flow $26.8M (+140% YoY).
- Q2 guidance: Revenue $410-440M (+28% YoY), Adjusted EBITDA $20-30M (+60% YoY).
- FY 2024 guidance reiterated: Revenue ~$1.9B (+33% YoY), Adj. EBITDA $200M+, FCF $100M+.
- Repurchased $28M in shares in Q1; $92M remains under buyback authorization (~7% of market cap).