An update from Taboola.com ( (TBLA) ) is now available.
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Taboola reported robust financial results for Q3 2024, surpassing expectations with revenues of $433M and a notable free cash flow of $43M. The company achieved significant year-over-year growth in revenues by 20% and adjusted EBITDA by 110%, driven by increased ad spend and strategic partnerships. Taboola also introduced new technologies like Abby, a Generative AI ad assistant, enhancing advertiser engagement. Looking ahead, the company raised its 2024 free cash flow target to over $105M, reaffirming its commitment to expanding its performance advertising capabilities.
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