Taboola reports strong Q3 results, outlines growth strategy By Investing.com
Taboola (NASDAQ: TBLA), a leading discovery platform, has released its financial results for the third quarter of 2024, showcasing a robust performance with significant year-over-year growth. The company’s revenue increased by 20% to $433 million, while ex-TAC gross profits surged by 30% to $166.4 million.
Taboola’s adjusted EBITDA saw a remarkable 110% increase, reaching $47.9 million with a margin of 29%. The free cash flow for the year was reported to be over $105 million, more than doubling the previous year’s figure. Despite a net loss of $6.5 million for the quarter, the company maintains a strong net cash position of $64.5 million and continues its share repurchase program.
Key Takeaways
- Taboola’s Q3 2024 revenue rose to $433…
