NASDAQ$TBLA
Taboola.com Ltd. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Taboola's Q1 2024 results surpassed the high end of guidance, with accelerating growth across key metrics and reiterated 2024 guidance.
Taboola had a strong start to 2024, with Q1 revenues of $414 million. The company's business momentum and growth rates accelerated, leading to the reiteration of its 2024 guidance. The primary focus for the year is advertiser success and ramping up Yahoo integration.
- Q1 2024 revenues reached $414 million, gross profit was $109 million, and ex-TAC gross profit was $139 million.
- Net loss for Q1 2024 was $26 million, while non-GAAP net income was $4 million, and adjusted EBITDA was $23 million.
- Revenue growth was driven by new publisher partners added to the Taboola network.
- Maximize Conversions, an AI-bidding technology, reached nearly 60% of revenue.
Headline financials
Revenue & EPS history
Taboola · Revenue · Quarterly
$414M
Forward guidance
The company is expecting strong Q2 and FY 2024 YoY growth across all metrics and reiterating 2024 Adj. EBITDA $200M+ (30% margin) and $100M+ Free Cash Flow
Tailwinds
- Expecting strong Q2 and FY 2024 YoY growth across all metrics
- Q2 revenue guidance: $425M (+28% YoY)
- Q2 gross profit guidance: $115M (+18% YoY)
- Q2 ex-TAC gross profit guidance: $145M (+18% YoY)
- Q2 Adj. EBITDA guidance: $25M+ (+60% YoY)
Headwinds
- Certain elements of net income (loss), including share-based compensation expenses and warrant valuations, are not predictable
- Intense competition in the digital advertising space
- Reliance on a limited number of partners for a significant portion of the Company’s revenue
- Potential impacts of the war in Israel to the Company’s operations
- Changes in the regulation of, or market practice with respect to, “third party cookies” and its impact on digital advertising
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.0%
Avg return
Earnings day
+3.0%
Avg return
5 days after
-1.5%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+28.9%
Q1 2023
Best reaction
-24.8%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +24.7% | +34.6% | +19.9% | |
| Q4 2025 | -5.4% | +0.6% | -4.5% | |
| Q3 2025 | +1.6% | +11.6% | +6.5% | |
| Q1 2025 | -0.6% | +10.0% | +17.8% | |
| Q4 2024 | -16.5% | -24.1% | -20.0% | |
| Q3 2024 | -3.0% | +0.0% | +20.7% | |
| Q2 2024 | +6.2% | +9.3% | +8.2% | |
| Q1 2024 | +0.7% | -6.8% | -18.8% | |
| Q4 2023 | -9.0% | -2.3% | -7.3% | |
| Q3 2023 | +7.8% | +9.8% | +2.9% | |
| Q2 2023 | +4.5% | +2.7% | +5.3% | |
| Q1 2023 | +28.9% | +39.0% | +29.8% | |
| Q4 2022 | -24.8% | -23.3% | -37.5% | |
| Q3 2022 | +13.1% | +20.0% | +58.7% | |
| Q2 2022 | +13.1% | +9.5% | -9.5% | |
| Q1 2022 | -8.2% | -17.8% | -23.0% | |
| Q4 2020 | -2.3% | -2.0% | -19.4% | |
| Q4 2019 | -2.3% | -2.0% | -19.4% | |
| Q4 2021 | -5.1% | -0.9% | -19.7% | |
| Q3 2021 | +1.0% | +5.2% | -15.7% | |
| Q2 2021 | -2.8% | -9.5% | -7.0% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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