![]() ![]() ![]() Ratio of Adjusted EBITDA to ex-TAC Gross Profitġ The weighted-average shares used in the computation of the diluted EPS for the three months ended Maand 2022 are 333,424,276 and 260,036,934, respectively.Ģ Three months ended Mahave been adjusted to exclude the impact of foreign currency exchange rates to be consistent with current period presentation. Ratio of net income (loss) to gross profitĬash flow provided by operating activitiesĬash, cash equivalents, short-term deposits and investments įirst Quarter Results Summary (dollars in millions, except per share data) These are times to remain focused, stay very close to our partners and customers, and execute - that’s all we care about now,” continued Singolda.įor more commentary on the quarter, please refer to Taboola’s Q1 2023 Shareholder Letter, which was furnished to the SEC and also posted on Taboola’s website today at. We have all we need to execute and generate our financial objectives. To do that we are laser focused on four company priorities - performance advertising, ecommerce, bidding, and Yahoo. This will still be a small portion of the $70B Open Web market, so there remains a lot of growth for us to capture. Once the Yahoo integration is 100% live we expect to be at a $2.5B revenue run-rate. “From where we are now, we are hyper focused on what we need to do to execute on our objectives and mission. We’re also seeing Taboola News outperforming our internal expectations,” said Adam Singolda, CEO and Founder, Taboola. This was primarily driven by the core business tracking ahead of our expectations, helped by key publisher partners like Condé Nast, Univision, The Blaze, Kicker in Germany and others along with continued strength from eCommerce. “We had a strong performance in Q1, beating the high end of our guidance across all metrics. NEW YORK, (GLOBE NEWSWIRE) - Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, helping people discover things they may like, today announced its results for the quarter ended March 31, 2023. 2024 guidance assumes investments will begin to pay off: at least $200M Adjusted EBITDA, at least $100M Free Cash Flow.Updated 2023 guidance raises the mid-point: Revenues of $1,427M - $1,469M, Gross Profit of $418M - $436M, ex-TAC Gross Profit of $529M - $546M, Adjusted EBITDA of $65M - $80M.Repaid $30M of long-term debt in April (totaling $91M since Q4 2022) and expect to continue to repay debt up to an additional $50M this year. Announcing share buyback program of up to $40M in 2023.Net cash provided by operating activities of $17.5M and Free Cash Flow in Q1 2023 of $11.2M after net publisher prepayments of ($3.9M)** and $5.1M in cash interest payments.Q1 2023 Revenues of $327.7M, Gross Profit of $89.6M, ex-TAC Gross Profit of $115.7M, Net loss of $31.3M and Adjusted EBITDA of $10.1M, exceeding the high end of all guidance metrics. ![]()
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