Taboola (TBLA) Tops Q3 EPS by 5c; Raises Outlook
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Taboola Beats High End of Guidance in Q3 On All Metrics, Raises Adj. EBITDA and Non-GAAP Net Income Guidance for 2023
November 8, 2023 6:15 AM ESTExceeded 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. Net cash provided by operating activities of $32.5M and Free Cash Flow in Q3 2023 of $22.8M. eCommerce double-digit growth in Q3, on track to reach nearly 20% of ex-TAC in 2023. Taboola News, distributing content to Android OEMs continues strong momentum in Q3; on track to grow from $50M... More
