Welcome to our dedicated page for Taboola.Com news (Ticker: TBLA), a resource for investors and traders seeking the latest updates and insights on Taboola.Com stock.
Taboola.com Ltd. reports developments in performance advertising technology for advertisers, publishers, original equipment manufacturers and apps across the open web. Its recurring news includes financial results, guidance commentary, share repurchase activity, investor conference participation and product updates for Realize, the company’s advertising platform for performance campaigns beyond search and social.
Company updates also cover AI-driven advertising and publisher tools, including Realize+ and DeeperDive, a generative AI answer engine embedded on publisher websites. Taboola’s announcements frequently reference publisher and OEM relationships, audience and monetization tools, first-party data, specialized algorithms and advertiser outcomes across digital media properties.
Taboola (Nasdaq: TBLA) has outlined its strategy to capture a share of the $124 billion total addressable market by enhancing e-commerce solutions for open web publishers and advertisers. Following the acquisition of Connexity on September 1, 2021, Taboola anticipates revenues of $1.698 to $1.748 billion and gross profit of $530 to $550 million in 2022, marking significant growth rates of 36% and 38% respectively. The acquisition is expected to bring $100 million in annual ex-TAC gross profit synergies within four years, positioning Taboola to leverage its vast publisher network for increased e-commerce revenue.
Taboola (Nasdaq: TBLA) has announced a Connexity-Focused Information Session scheduled for September 28, 2021, at 11:00 a.m. ET. This session will outline the company's e-commerce strategy and financial expectations following its acquisition of Connexity. Accessible via the investor relations website, the event aims to highlight Taboola's ongoing commitment to enhancing monetization and user engagement through its AI-driven platform. With over 14,000 advertisers and partnerships with major digital properties, Taboola continues to lead in e-commerce recommendations, facilitating over 1 million transactions monthly.
Taboola has announced a strategic partnership with Xiaomi to integrate Taboola News on over 100 million overseas smartphones. This collaboration aims to enhance user experience by providing personalized content on device lockscreens. Chan Liu, General Manager at Xiaomi, emphasized the importance of delivering relevant content to their diverse customer base. The partnership is expected to create new engagement and revenue opportunities for both companies, leveraging Taboola's extensive publisher network.
Taboola (Nasdaq: TBLA) has earned the TAG Brand Safety Certified Seal from the Trustworthy Accountability Group (TAG), enhancing its reputation in digital advertising. This certification demonstrates Taboola's commitment to brand safety, assuring over 13,000 advertisers that their ads will appear alongside trustworthy content. Taboola met rigorous standards, including policy transparency and content moderation validation, and has partnered with industry leaders like IAS and MOAT to bolster brand safety efforts. CEO Adam Singolda emphasized the importance of this certification for advertisers' confidence.
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.