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Taboola.com Ltd. (NASDAQ: TBLA) is a trailblazing technology company renowned for its advanced recommendation platform, which serves over 300 billion recommendations to more than 750 million unique visitors each month. The company’s artificial intelligence-based engine powers content and advertisement recommendations across the Open Web, partnering with influential digital properties such as websites, devices, and mobile apps to enhance user engagement and monetization. Taboola's partnerships include prominent publishers like USA Today, Business Insider, Chicago Tribune, and The Weather Channel.
Headquartered in New York City with R&D operations in Israel, Taboola has additional offices in Pasadena, London, and Bangkok, reflecting its global presence and influence. The company's diverse client base spans across the United States, Israel, the United Kingdom, Germany, France, and beyond, generating a significant portion of its revenue from the U.S.
Taboola's innovative AI technology has led to remarkable advancements, such as the Maximize Conversions feature, which has seen rapid adoption by major brands like Hyundai, ERGO, Leica Camera, Sonova, Peugeot Turkey, and Opel Turkey. This tool automates cost per click bidding to maximize conversions within a specified budget, significantly enhancing advertising efficiency and effectiveness.
With a robust network of over 18,000 advertisers reaching nearly 600 million daily active users in a secure environment, Taboola has cemented its position as a leader in e-commerce recommendations. The company drives over 1 million monthly transactions for top-tier brands including Walmart, Macy’s, Skechers, and eBay, further bolstering its reputation.
Taboola continues to expand its offerings and partnerships, exemplified by its collaboration with the Associated Press to launch AP Buyline, providing consumers with factual product reviews. This initiative leverages Taboola's editorial expertise to offer independent product recommendations, enhancing the consumer experience and diversifying revenue streams for publishers.
As a forward-looking company, Taboola maintains a strong focus on innovation and growth. The company’s recent financial performance underscores its momentum, with Q1 2024 results surpassing expectations and projecting continued double-digit growth. CEO Adam Singolda emphasizes the company's commitment to advertiser success and the strategic ramp-up of key projects such as the Yahoo migration, positioning Taboola for a record year.
For more information, visit www.taboola.com and follow @taboola on Twitter and Instagram.
Taboola (Nasdaq: TBLA) has successfully completed its acquisition of Connexity, enhancing its position in the e-commerce media landscape. This $800 million deal, comprising $590 million in cash and $210 million in stock, connects Taboola's extensive network of over 9,000 digital properties, reaching 500 million users daily, with Connexity's 6,000 publishers. The acquisition aims to offer advertisers and merchants new e-commerce solutions and drive significant revenue growth for both parties. An analyst information session is scheduled for September 28, 2021, to discuss strategic insights and financial expectations.
Taboola (Nasdaq: TBLA) announced a partnership with DoubleVerify (NYSE: DV), enhancing brand safety for its advertising partners. Advertisers can now access DV’s brand safety technology, allowing for customizable ad placements alongside suitable content. This collaboration aims to boost advertiser confidence in media placements, with DV’s pre-bid safety segments integrated into the Taboola Ads console. The partnership is expected to improve campaign performance by ensuring ads run alongside preferred content, reinforcing Taboola’s commitment to brand safety in the digital advertising ecosystem.
Taboola (Nasdaq: TBLA) reported strong Q2 2021 results, exceeding revenue and profit expectations. Revenues increased to $329 million, up 22.9% from the previous year, with gross profit rising to $100 million. The company is acquiring Connexity for $800 million to enhance its e-commerce capabilities. Full-year guidance has been raised, with gross profit projected to grow by 22-24%. However, a net loss of $61.4 million was reported, attributed to share-based compensation related to going public. Taboola forecasts continued growth in Q3 and 2021.
Taboola (Nasdaq: TBLA) announced participation in two virtual investor conferences: the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 11, 2021, and the KeyBanc Capital Markets Technology Leadership Forum on August 12, 2021. CEO Adam Singolda and CFO Stephen Walker will lead discussions during both events. Investors can access the live webcasts on Taboola's investor relations website. Taboola is recognized for its AI-driven recommendations, engaging over 500 million daily users and partnering with leading digital properties globally.
Taboola (Nasdaq: TBLA) will release its second quarter 2021 financial results on August 10, 2021, after market close. A conference call is scheduled for August 11, 2021, at 8:30am ET to discuss the financial outcome, business developments, and future outlook. Taboola, a leader in powering web recommendations using AI, partners with key digital properties and serves over 500 million daily active users. This call will be crucial for investors seeking insights into the company's performance and strategic direction.
Taboola (Nasdaq: TBLA) has entered into a definitive agreement to acquire Connexity for approximately $800 million. This acquisition positions Taboola as a leader in the burgeoning e-commerce media sector, with Connexity serving over 1,600 merchants and processing over 1 million transactions monthly. The deal is projected to be accretive to profitability in its first year. Taboola's ex-TAC Gross profit is expected to exceed 20% growth in 2021, bolstered by Connexity's retail expertise and technology. The transaction is expected to close in Q3 2021, pending regulatory approvals.
Taboola (Nasdaq: TBLA) announced significant growth and adoption of its Taboola News product, which has expanded into over 80 countries, including partnerships with major mobile carriers and device manufacturers like Samsung Brazil and América Móvil. The service now drives over 220 million monthly engagements on editorial content, reflecting a 270% year-over-year increase. This initiative creates new revenue opportunities for mobile carriers while helping publishers boost user traffic without added costs. Taboola's recommendation platform serves more than 500 million daily users.
Taboola (NASDAQ: TBLA) has appointed Gilad Shany, CEO of ION Acquisition Corporation, to its board of directors. Shany brings significant experience, having led investments in prominent technology companies like Mobileye and Monday.com, and manages over $3 billion in assets at ION. His appointment is viewed as a strategic move to leverage his expertise in public markets and technology sectors. Shany expressed excitement about Taboola's vision and the potential to enhance consumer engagement while prioritizing privacy. The company continues to grow its partnerships with leading digital properties globally.
Taboola has officially become a publicly listed company on Nasdaq with the ticker symbol TBLA. The company reported a strong Q1 2021, achieving revenues of $303 million and a net income of $18.6 million, surpassing previous projections and raising its annual expectations. Taboola connects advertisers with 500 million daily active users through its recommendation platform, which spans over 9,000 premium digital properties. Recent initiatives include partnerships with major publishers and advancements in advertising solutions aimed at enhancing brand engagement.
Taboola is going public through a merger with ION Acquisition Corp. 1 Ltd. (NYSE: IACA), valued at approximately $2.6 billion. The deal includes $285 million in PIPE financing led by top-tier institutional investors like Fidelity and BlackRock. Taboola, which generates 1 trillion recommendations monthly for 500 million users, aims to invest over $100 million in R&D, focusing on AI and eCommerce. The merger is expected to close in Q2 2021, providing Taboola with $600 million in cash post-transaction, enhancing its position in the $64 billion open web advertising market.
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