Taboola.com’s stock prices have surged following the release of their Q4 earnings report on February 28, 2024, which exceeded expectations for both the first quarter and full year of 2024. The company’s revenue for Q4 of 2022 reached $419.8 million, meeting their guidance for the quarter and the entire year, with total revenues for 2022 amounting to $1,401.2 million.
Looking forward to 2024, Taboola is optimistic about achieving significant growth, with targets set at a minimum of $200 million in Adjusted EBITDA and $100 million in Free Cash Flow. The company aims to solidify its position as the leading open web advertising company by revenue in 2024.
Despite challenges in advertising spend, Taboola’s financial performance in 2022 remained strong, highlighted by the establishment of new publisher partnerships and a 30-year collaboration with Yahoo. In 2023, the company plans to make strategic investments to support the transition with Yahoo and other growth initiatives, projecting revenues between $1,419 million and $1,469 million, with a Gross Profit range of $416 million to $436 million. This year is anticipated to be focused on investments, with a return to growth expected in the latter half of 2023.
In conclusion, Taboola’s recent financial results demonstrate a positive trajectory, with strategic investments in place to drive future growth and expansion.
TBLA Stock Shows Positive Performance, Continues to Climb in After-Hours Trading on February 28, 2024
On February 28, 2024, TBLA stock showed positive performance as it closed at $4.79, marking a $0.09 increase from the previous day’s closing price. Additionally, in after-hours trading, the stock continued to climb, reaching $4.93, which is a $0.14 increase from the closing price.
Investors may be optimistic about TBLA’s future prospects given the recent price momentum and positive performance. The stock’s ability to maintain its position above the 200-day moving average suggests that there may be continued upward momentum in the coming days.
TBLA Stock Analysis: Revenue Flat, Net Income Improves, EPS Shows Growth
On February 28, 2024, investors closely watched the performance of TBLA stock as the company released its financial results for the past year and the third quarter. According to data from CNN Money, TBLA reported total revenue of $1.40 billion for the past year, which remained flat compared to the previous year. However, total revenue saw an increase of 8.5% since the last quarter, reaching $360.22 million.
One of the key metrics that investors pay attention to is net income, which reflects the company’s profitability. TBLA reported a net income of -$11.97 million for the past year, indicating a loss. However, there was a significant improvement in net income compared to the previous year, with a 67.54% increase. In the third quarter, the company reported a net income of -$23.14 million, showing a 26.12% increase since the last quarter.
Earnings per share (EPS) is another important metric for investors, as it indicates the company’s profitability on a per-share basis. TBLA reported an EPS of -$0.05 for the past year, which improved by 81.76% compared to the previous year. In the third quarter, the EPS was -$0.07, showing a 35.81% increase since the last quarter.
Overall, TBLA’s financial performance showed mixed results, with improvements in net income and EPS compared to the previous year and the last quarter. The increase in total revenue since the last quarter also indicates positive momentum for the company. However, the company still reported a loss in net income, which may raise concerns among investors.
