NASDAQ$TBLA
Taboola.com Ltd. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Taboola met guidance for Q4 and FY2022, and is guiding for positive free cash flow in 2023 and $100M+ in 2024.
Taboola's Q4 2022 financial performance was solid despite a challenging year for advertising spend. Revenues were $371.3 million, gross profit was $133.2 million, net income was $15.2 million, and Non-GAAP Net Income was $43.3 million.
- New digital property partners increased by $34.6 million of revenues.
- New publisher partnerships revenue added per month was over 90% higher than the average of 2020 and 2021.
- Key renewals were signed with partners including CBSi, Tegna, and Fox Sports.
- A transformative 30-year partnership with Yahoo was announced.
Headline financials
Revenue & EPS history
Taboola · Revenue · Quarterly
$371M
Forward guidance
Taboola provided guidance for Q1 2023 and FY 2023, anticipating continued macro-economic challenges and investments related to the Yahoo partnership, but expects positive Free Cash Flow.
Tailwinds
- Revenues of $299M - $325M for Q1 2023 and $1.419B - $1.469B for FY 2023.
- Gross profit of $76M - $88M for Q1 2023 and $416M - $436M for FY 2023.
- ex-TAC Gross Profit of $103M - $115M for Q1 2023 and $526M - $546M for FY 2023.
- Adjusted EBITDA of ($6M) - $6M for Q1 2023 and $60M - $80M for FY 2023.
- Non-GAAP Net Income (loss) of ($23M) - ($11M) for Q1 2023 and ($10M) - $10M for FY 2023.
Headwinds
- Macro economy continues to be challenged.
- Current softness in the online advertising market continues.
- A substantial ramp in investment related to Yahoo partnership agreement.
- Continued investment in performance advertising, eCommerce and Header Bidding.
- Year-on-year comparison is distorted due to an unusually strong first half of 2022 and a weaker second half of 2022.
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 Q4 2022
+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