Taboola Announces $200 Million Expansion to Share Repurchase Program

Rhea-AI Summary

Taboola (TBLA) has announced a significant expansion of its share repurchase program, with its Board of Directors approving an additional $200 million authorization for buying back outstanding shares. This expansion brings the total current authorization to approximately $240 million.

The company's CFO, Steve Walker, expressed confidence in the business and its ability to generate strong free cash flow, while indicating plans to build upon their 2024 performance and strategically invest in future growth. The share buybacks will be conducted through various means, including open market purchases and trading plans under Rule 10b5-1, with timing and amount subject to market conditions.

Additionally, Taboola will host an Investor Day on March 26, 2025, in New York City, where management will present the company's strategy, market opportunity, and financial outlook.

Positive

• Substantial $200M increase in share buyback authorization
• Strong free cash flow generation
• Positive 2024 performance indicated
• Demonstrates management confidence in business outlook

Negative

• Program can be suspended or discontinued at any time
• Buyback reduces cash available for strategic investments

News Market Reaction

-16.49%

1 alert

-16.49% News Effect

On the day this news was published, TBLA declined 16.49%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in delivering performance at scale for advertisers, today announced that its Board of Directors approved an additional share repurchase authorization of up to $200 million of the company's outstanding shares, bringing the current total authorization to approximately $240 million.

“Driven by our confidence in the business and our ability to generate strong free cash flow, we are pleased to announce a substantial expansion to our existing share repurchase authorization,” said Steve Walker, CFO of Taboola. “Looking ahead, we expect to build upon our strong 2024 performance, while strategically investing in our future growth."

Any purchases under the program may be made from time to time in the open market, through trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in privately negotiated transactions or otherwise. The timing and amount of any share buybacks will be subject to market conditions and other factors determined by the Company. The Company may suspend, modify or discontinue the program at any time in its sole discretion without prior notice. This press release is neither an offer to purchase nor a solicitation of an offer to buy any securities.

Upcoming Investor Day
As previously announced, Taboola will host an Investor Day on March 26, 2025 in New York City. During the event members of Taboola’s management team and special guests will share details on Taboola’s strategy, market opportunity and financial outlook. The event will begin at 10:00 a.m. ET and will end at approximately 1:00 p.m. ET. A live video webcast of the event and slide presentation can be found on Taboola’s investor relations website. A replay of the event will be available via webcast for twelve months at investors.taboola.com

About Taboola
Taboola empowers businesses to grow through performance advertising technology that goes beyond search and social and delivers measurable outcomes at scale.

Taboola works with thousands of businesses who advertise directly on Realize, Taboola’s powerful ad platform, reaching approximately 600 million daily active users across some of the best publishers in the world. Publishers like NBC News, Yahoo, and OEMs such as Samsung, Xiaomi and others use Taboola’s technology to grow audience and revenue, enabling Realize to offer unique data, specialized algorithms, and unmatched scale.

Investor Contacts:
Jessica Kourakos
Aadam Anwar
investors@taboola.com

Press Contact:
Dave Struzzi
press@taboola.com

FAQ

How much did Taboola (TBLA) increase its share buyback program by in February 2025?

Taboola increased its share buyback program by $200 million, bringing the total authorization to approximately $240 million.

When is Taboola's (TBLA) Investor Day 2025 and what will be discussed?

Taboola's Investor Day is scheduled for March 26, 2025, in New York City, where management will discuss company strategy, market opportunity, and financial outlook.

How will Taboola (TBLA) execute its share repurchase program?

The buybacks will be conducted through open market purchases, Rule 10b5-1 trading plans, and private negotiations, with timing and amount based on market conditions.

What is the reason behind Taboola's (TBLA) share buyback expansion?

The expansion is driven by management's confidence in the business and its ability to generate strong free cash flow, along with strong 2024 performance.