NASDAQ$TBLA

Taboola.com Ltd. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Taboola outperformed its guidance in Q2 2023 and raised the midpoint for 2023.

Taboola reported Q2 2023 revenues of $332.0M, a gross profit of $97.1M, a net loss of $31.3M, and an adjusted EBITDA of $15.7M. The company raised its mid-point for 2023 revenue guidance to $1,438M - $1,469M.

  • Q2 2023 revenues were $332.0M.
  • Q2 2023 gross profit was $97.1M.
  • Net loss for Q2 2023 was $31.3M.
  • Adjusted EBITDA for Q2 2023 was $15.7M.

Headline financials

Total Revenue

$332M

Previous: $343M-3.1%
EPS (adj)

-$0.00

Previous: $0.06-106.7%
Adjusted EBITDA

$15.7M

Previous: $34.2M-54.1%
ex-TAC Gross Profit

$123M

Previous: $143M-14.0%
Capital Expenditures

-$10.2M

Previous: $9.35M-208.9%
Free Cash Flow

-$41.5M

Previous: -$7.27M-471.0%
Net Income

-$31.3M

Previous: -$26M-20.3%
Operating Income

-$25M

Previous: -$21.5M-16.6%
Gross Profit

$97.1M

Previous: $103M-5.5%
Cash & Equivalents

$205M

Previous: $234M-12.5%
Total Assets

$1.72B

No prior period
Stock-Based Comp

$16.5M

Previous: $20.4M-19.1%

Revenue & EPS history

Taboola · Revenue · Quarterly

$332M

Q2 2023-3.1%vs Q2 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Taboola updated its 2023 guidance, raising the mid-point for revenues to $1,438M - $1,469M, gross profit to $420M - $436M, ex-TAC Gross Profit to $531M - $546M, and Adjusted EBITDA to $73M - $80M. The company expects positive free cash flow.

Tailwinds

  • Revenues of $1,438M - $1,469M
  • Gross Profit of $420M - $436M
  • ex-TAC Gross Profit of $531M - $546M
  • Adjusted EBITDA of $73M - $80M
  • Positive Free Cash Flow

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 Q2 2023

Historical avgQ2 2023

+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

Earnings price reactions
QuarterReport dateReaction (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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