Taboola.com Shares Fall After Q3 Loss Narrows, Revenue Gains; 2024 Guidance Reiterated

MT Newswires Live11-07

Taboola.com (TBLA) shares were down more than 6% in recent Thursday trading after the company posted a Q3 loss that narrowed year-over-year but fell short of analysts' expectations.

The company reported a Q3 net loss of $0.02 per share, compared with a loss of $0.07 a year earlier. Analysts polled by Capital IQ expected earnings of $0.01 per share.

Revenue for the quarter ended Sept. 30 rose to $433 million from $360.2 million a year earlier. Analysts surveyed by Capital IQ expected $429.4 million.

The company said it expects Q4 revenue in the range of $460 million to $490 million. Analysts expect $480.1 million.

For full-year 2024, the company still expects revenue of $1.74 billion to $1.77 billion. Analysts are looking for $1.75 billion.

Taboola.com also reiterated full-year adjusted net income guidance of $84 million to $104 million.

Price: 3.14, Change: -0.21, Percent Change: -6.14

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