Stock Track | Taboola Shares Plunge After Disappointing Q3 Earnings Report

Stock Track11-07

Shares of Taboola.com Ltd (TBLA) plummeted by 5.09% on Wednesday morning, following the company's third-quarter 2024 earnings release. Despite beating revenue estimates, the company reported a net loss and slower revenue growth compared to the previous year.

In the Q3 2024 earnings report, Taboola posted a net loss of $0.02 per share, missing analysts' expectations of a $0.02 profit. While revenues of $433.01 million surpassed the consensus estimate, the growth rate decelerated to 20% year-over-year, down from the previous quarter's growth rate.

The company reiterated its full-year 2024 guidance, projecting revenues of $1.75 billion (up 22% year-over-year), ex-TAC gross profit of $667 million (up 25%), and adjusted EBITDA of over $200 million (doubling year-over-year). However, investors appeared to be disappointed by the lack of an upward revision to the guidance, despite the Q3 beat.

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Despite beating revenue estimates, the company reported a net ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TBLA","symbol_name":"Taboola Com Ltd","start_time":0,"source_url":"","article_id":"1188729593","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188729593","pubTimestamp":1730990173,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Taboola.com Ltd  plummeted by 5.09% on Wednesday morning, following the company's third-quarter 2024 earnings release. 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