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Taboola Reports Strong Fourth Quarter & Full Year 2024 Financial Results; Announces $200M Share Repurchase Expansion; Launches Realize Platform
TBLATaboola.com(TBLA) Newsfilter·2025-02-26 11:30

Core Insights - Taboola reported strong financial results for Q4 and full year 2024, indicating a transformative year for the company with significant growth in revenues and profitability [2][3][21] - The company launched a new independent performance advertising platform called Realize, aimed at expanding its offerings beyond traditional search and social advertising [2][3] - Taboola increased its share repurchase authorization by up to 200million,reflectingconfidenceinitsfutureperformance[2]FinancialPerformance−Q42024revenuesreached200 million, reflecting confidence in its future performance [2] Financial Performance - Q4 2024 revenues reached 491 million, up from 419.8millioninQ42023,representinga17419.8 million in Q4 2023, representing a 17% year-over-year increase [3][21] - Full year 2024 revenues totaled 1.766 billion, compared to 1.440billionin2023,markinga231.440 billion in 2023, marking a 23% increase [3][21] - Gross profit for Q4 2024 was 177.6 million, up from 138.3millioninQ42023,whilefullyeargrossprofitincreasedto138.3 million in Q4 2023, while full year gross profit increased to 534.2 million from 425.6million[3][21]−NetincomeforQ42024was425.6 million [3][21] - Net income for Q4 2024 was 33.1 million, compared to a net loss of 0.0millioninQ42023,andthefullyearnetlossnarrowedto0.0 million in Q4 2023, and the full year net loss narrowed to 3.8 million from 82millionin2023[3][21]Non−GAAPFinancialMetrics−Non−GAAPex−TACgrossprofitforQ42024was82 million in 2023 [3][21] Non-GAAP Financial Metrics - Non-GAAP ex-TAC gross profit for Q4 2024 was 212.7 million, up from 168.5millioninQ42023,andforthefullyear,itincreasedto168.5 million in Q4 2023, and for the full year, it increased to 667.5 million from 535.8million[4][37]−AdjustedEBITDAforQ42024was535.8 million [4][37] - Adjusted EBITDA for Q4 2024 was 92.3 million, compared to 50.1millioninQ42023,andforthefullyear,itroseto50.1 million in Q4 2023, and for the full year, it rose to 200.9 million from 98.7million[4][34]−Non−GAAPnetincomeforQ42024was98.7 million [4][34] - Non-GAAP net income for Q4 2024 was 73.3 million, up from 26.7millioninQ42023,whileforthefullyear,itincreasedto26.7 million in Q4 2023, while for the full year, it increased to 122.4 million from 32.6million[4][37]Guidancefor2025−ForQ12025,Taboolaexpectsrevenuesbetween32.6 million [4][37] Guidance for 2025 - For Q1 2025, Taboola expects revenues between 407 million and 427million,andforthefullyear2025,revenuesareprojectedtobebetween427 million, and for the full year 2025, revenues are projected to be between 1.838 billion and 1.888billion[5][6]−GrossprofitguidanceforQ12025isexpectedtobebetween1.888 billion [5][6] - Gross profit guidance for Q1 2025 is expected to be between 109 million and 115million,whileforthefullyear2025,itisprojectedtobebetween115 million, while for the full year 2025, it is projected to be between 536 million and $552 million [5][6] Upcoming Events - Taboola will host an Investor Day on March 26, 2025, to discuss its strategy, market opportunities, and financial outlook [9]