Taboola Beats Q2 Estimates, Raises Full-Year Profit Outlook
TBLA sits 56% above its 52-week low of $2.835.
Summary
Taboola delivered Q2 revenue of $476.8M, up 2.4% year-over-year, with ex-TAC gross profit jumping 11.8% to $192.4M and adjusted EBITDA rising 22.8% to $55.5M. Net income swung to a $4.3M profit from a year-ago loss, with EPS of 1 cent. Management raised full-year guidance for ex-TAC gross profit to $772-$783M and adjusted EBITDA to $228-$240M, signaling confidence in the ad platform's momentum. The results follow a Q1 that returned to GAAP profitability and a recent workforce reduction, suggesting operational leverage is taking hold. With the stock at $4.43 and a $1.45B market cap, the raised outlook could shift sentiment after a period of insider selling.
At the time of this announcement, TBLA was trading at $4.43 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $2.84 to $5.71. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.