TBLA - Taboola's Strategic Expansions And AI Investments Yield Solid Q1 Results: Details | Benzinga
Taboola.Com Ltd (NASDAQ:TBLA) reported first-quarter fiscal 2024 revenue growth of 26.3% year-over-year to $414 million, beating the consensus of $403.097 million.
Taboola’s revenue growth was propelled by adding new publisher partners such as 20 Minutes, Ringier Axel Springer Poland, Webedia Group, RTL Belgium, and El Colombiano, alongside renewing partnerships with notable publishers like Globes and El Nacional.
The artificial intelligence-enabled public advertising company reported an adjusted EPS of $0.01, above the consensus of $(0.03).
Gross margin contracted 101 basis points to 26.3%, while gross profit rose 21.6% to $109 million. Operating loss improved YoY to ...