Taboola reported Q2 2024 revenues of $428 million, a net loss of $4 million, non-GAAP net income of $23 million, and adjusted EBITDA of $37 million. The company highlighted strong year-over-year growth in revenues, ex-TAC gross profit, adjusted EBITDA, and free cash flow. Taboola is reiterating its 2024 ex-TAC gross profit, adjusted EBITDA, and free cash flow guidance, with growth rates accelerating across all metrics.
Revenues reached $428 million, with a gross profit of $115 million.
Net loss was $4 million, while non-GAAP net income reached $23 million.
Adjusted EBITDA was $37 million, and free cash flow was $26 million.
The company completed the Yahoo advertiser migration and is ramping up spending.
Taboola initiated Q3 2024 revenue guidance of $431 million and is reiterating its 2024 ex-TAC gross profit guidance of $667 million, adjusted EBITDA guidance of $200 million+, and free cash flow guidance of $100 million+.
Analyze how earnings announcements historically affect stock price performance