Taboola (TBLA) Tops Q3 EPS by 5c; Raises Outlook

Taboola (NASDAQ: TBLA) reported Q3 EPS of ($0.07), $0.05 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $360.2 million versus the consensus estimate of $345.06 million.

GUIDANCE:

Taboola sees Q4 2023 revenue of $418-449 million, versus the consensus of $450.21 million.

Taboola sees FY2023 revenue of $1.438-1.469 billion, versus the consensus of $1.45 billion.

Raising 2023 Adjusted EBITDA range to $75M - $82M and Non-GAAP Net Income range to $7M - $12M. Continue to expect positive Free Cash Flow.

For earnings history and earnings-related data on Taboola (TBLA) click here.

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