Market News

Taboola Delivers Q3 Beat But Trims Guidance

Online recommendations provider Ltd. (NASDAQ:TBLA) has reported better-than-expected third-quarter numbers but trimmed its outlook.

Revenue declined 1.9% year-over-year to $332.5 million but managed to come in ahead of expectations by ~$10.4 million. EPS at $0.04, on the other hand, was a surprise over the Street’s estimates of a $0.12 net loss per share.

Further, the company is making investments in e-Commerce, Taboola News, and Taboola Header Bidding which provides it a footprint in newer markets.

The Taboola Header Bidding is now utilized by more than 50 publishers globally and Taboola News remains on path to exceeding $50 million in revenues this year.

Impressively, Taboola News is now clocking a triple-digit growth rate. For 2022, the company now expects revenue to range between $1.388 million and $1.404 million. It had earlier guided for revenue between $1.434 million and $1.474 million.

Adjusted EBITDA is seen landing between $152 million and $160 million. Taboola shares have tanked nearly 83% over the past 52 weeks.

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More