Taboola beats Q3 estimates; raises FCF target to $105M+; revenue +20% YoY

Taboola.com Ltd.

2024-Q3 EPS reported -$0.11 revenue$1,275,180,000

Q3 revenue $433M (+20% YoY), ex-TAC gross profit $166M (+30% YoY), adj. EBITDA $47.9M (+110% YoY).
Net loss narrowed to $6.5M from $23.1M YoY; diluted EPS -$0.02.
Reiterates FY2024 guidance: revenue ~$1.75B, ex-TAC ~$667M, adj. EBITDA $200M+.
Raises FY2024 FCF target to $105M+ from prior $100M+; YTD FCF $97M.
Launched Abby GenAI ad assistant; Apple News advertisers doubled since July.

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