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 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.
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.