NASDAQ$TBLA
Taboola.com Ltd. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Taboola's Q3 2024 earnings were strong, beating revenue, ex-TAC, and Adjusted EBITDA. The company reiterated its 2024 revenue, ex-TAC, and Adjusted EBITDA guidance and raised its 2024 Free Cash Flow target.
Taboola reported strong Q3 2024 results, exceeding expectations for revenue, ex-TAC gross profit, and Adjusted EBITDA. The company raised its 2024 free cash flow target, and the CEO expressed confidence in achieving full-year guidance.
- Revenues reached $433 million, gross profit was $133 million, ex-TAC gross profit was $166 million, and free cash flow was $43 million.
- Net loss amounted to $6 million, while non-GAAP net income was $22 million, and Adjusted EBITDA was $48 million.
- Revenue grew by 20% year-over-year, ex-TAC gross profit grew by 30% year-over-year, Adjusted EBITDA grew by 110% year-over-year, and Free Cash Flow grew by 88% year-over-year.
- The company raised 2024 FCF target from $100M+ FCF (2x+ YoY) to $105M+
Headline financials
Revenue & EPS history
Taboola · Revenue · Quarterly
$433M
Forward guidance
For Q4 2024, Taboola anticipates revenues of $460 - $490 million, gross profit of $180 - $196 million, ex-TAC Gross Profit of $205 - $221 million, and Adjusted EBITDA of $83 - $99 million. For the full year 2024, the company expects revenues of $1,735 - $1,765 million, gross profit of $535 - $555 million, ex-TAC Gross Profit of $656 - $679 million, and Adjusted EBITDA of $200+ million.
Tailwinds
- Q4 revenue is expected to be $460 - $490 million (+13% YoY).
- Q4 gross profit is expected to be $180 - $196 million (+36% YoY).
- Q4 ex-TAC Gross Profit is expected to be $205 - $221 million (+26% YoY).
- Q4 Adjusted EBITDA is expected to be $83 - $99 million (+82% YoY).
- Raising 2024 FCF target from $100M+ FCF (2x+ YoY) to $105M+
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 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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