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Taboola (Nasdaq: TBLA) has announced an exclusive partnership with Foundry, the media division of IDG, aimed at enhancing content recommendations across Foundry's network, which includes popular tech sites like Macworld and PCWorld. This collaboration will leverage Taboola's suite of products, such as Taboola Feed and Explore More, to boost user engagement, audience development, and monetization opportunities. Foundry reaches 28 million monthly visitors, and this partnership is expected to optimize user experience and drive revenue growth. Foundry's Managing Director, Christian Löbering, and Taboola's CEO, Adam Singolda, expressed enthusiasm about the partnership's potential to strengthen Foundry's digital properties.
Taboola (Nasdaq: TBLA) has partnered with a360media, a top media company with 74 million monthly pageviews, to enhance user engagement and monetization across popular digital properties like Us Weekly, Life & Style, and Soap Opera Digest. The collaboration involves integrating Taboola’s personalized content recommendation tools, including Taboola Feed, into a360media's websites. This integration aims to optimize user experience and drive revenue growth. Key figures from both companies highlighted the strategic importance of this partnership in expanding their audience and improving content engagement.
Taboola (Nasdaq: TBLA) will be participating in several investor conferences in May 2024, including Oppenheimer 9th Annual Emerging Growth Conference, Needham Technology, Media, & Consumer Conference, J.P. Morgan Annual Global Technology, Media, and Communications Conference, B. Riley Securities Institutional Investor Conference, Oppenheimer Israeli Conference, and TD Cowen Annual Technology, Media & Telecom Conference. The management team will engage in fireside chats with live webcasts available on Taboola's investor relations website.
Taboola announced its Q1 2024 results surpassing high-end guidance, with revenues reaching $414M and accelerating growth in key metrics. The company reiterated its 2024 guidance, expecting strong growth across all metrics. Notable highlights include revenue growth, new publisher partnerships, and advancements in AI-bidding technology. Taboola also revealed plans for a share buyback program and initiatives to enhance user engagement and premium advertising experiences. The company remains focused on maximizing conversion rates and driving yield in 2024.
