By Rob Curran
Shares of Taboola rallied after the maker of digital advertising technology posted a surprise first-quarter profit and boosted its revenue projection for the year.
Shares of Taboola rose 18% to $4.50, premarket.
The New York ad-tech firm posted quarterly earnings of $59.1 million, or 20 cents a share, in contrast to a loss of $8.75 million, or 3 cents a share, a year earlier. Earnings also eclipsed the average analyst forecast for a loss of 3 cents a share.
Revenue rose 9.1% to $466.4 million.
For the second quarter, Taboola targeted revenue in a range between $492 million and $505 million, well above the average analyst target of $486.1 million, as per FactSet.
For the full year, Taboola raised its revenue projection to a range between $2.01 billion and $2.06 billion from a prior range between $1.99 billion and $2.05 billion. Wall Street was looking for about $2.02 billion.
The company that made its name with "chumbox" ad technology has moved into premium ads with its artificial-intelligence-powered Realize platform.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 06, 2026 09:20 ET (13:20 GMT)
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