NASDAQ$TBLA
Taboola.com Ltd. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Taboola exceeded high end of guidance on all metrics.
Taboola's Q3 2023 revenues reached $360.2M, with a gross profit of $100.7M. The company experienced a net loss of $23.1M, but achieved a non-GAAP net income of $6.7M and an adjusted EBITDA of $22.8M. Net cash from operating activities was $32.5M, and free cash flow was $22.8M.
- 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.
- Raising 2023 Adjusted EBITDA range to $75M - $82M and Non-GAAP Net Income range to $7M - $12M.
Headline financials
Revenue & EPS history
Taboola · Revenue · Quarterly
$360M
Forward guidance
Taboola raises 2023 Adjusted EBITDA range to $75M - $82M and Non-GAAP Net Income range to $7M - $12M. The company continue to expect positive Free Cash Flow and are reiterating 2024 guidance of $200M+ Adjusted EBITDA, $100M+ Free Cash Flow.
Tailwinds
- Revenue from new publisher partners continues to be an area of strength.
- Renewed relationships with many well-known publishers.
- Rolled out a new Taboola News partnership with realme, the world’s fastest-growing smartphone brand, powering recommendations on mobile devices for audiences in Europe, Southeast Asia and beyond, representing more than 6M devices.
- New features and momentum for our Generative AI technology, including the introduction of Taboola Generative AI Admaker
- Raising 2023 Adjusted EBITDA range to $75M - $82M and Non-GAAP Net Income range to $7M - $12M.
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 Q3 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
| 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro