Taboola (TBLA) Tops Q2 EPS by 3c, Beats on Revenue; Offers FY23 Revenue Guidance

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Go back to Taboola (TBLA) Tops Q2 EPS by 3c, Beats on Revenue; Offers FY23 Revenue Guidance

Taboola Beats High End of Guidance in Q2 On All Metrics, Raises Mid-point for 2023

August 9, 2023 6:05 AM EDT

Exceeded high end of guidance on all metrics - Q2 2023 Revenues of $332.0M, Gross Profit of $97.1M, ex-TAC Gross Profit of $123.1M, Net loss of $31.3M and Adjusted EBITDA of $15.7M. Net cash provided by operating activities of $11.6M and Free Cash Flow in Q2 2023 of $7.8M after net publisher prepayments of ($6.9M)** and $4.7M in cash interest payments. Updated 2023 guidance raises the mid-point: Revenues of $1,438M - $1,469M, Gross Profit of $420M - $436M, ex-TAC Gross Profit of $531M - $546M, Adjusted EBITDA of $73M - $80M.... More