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.
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.
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