TaboolaTBLA
▼ NegativeDemandrelevance
Revenue miss and guidance cut due to Google policy change and removal of low-performing publishers.
Impact on stocks 2
Artificial Intelligence
Taboola
Alphabet Inc Class CGOOG
Mentioned
Taboola reported second-quarter revenue of $476.8 million, missing analyst estimates of $499.4 million and prompting a cut in full-year guidance to $1.94 billion from $2.03 billion. Management attributed the shortfall to a Google policy change that discontinued the Explore More product and a deliberate removal of low-performing international publishers, particularly in Greater China. Adjusted EPS was $0.14, in line with expectations, while adjusted EBITDA of $55.49 million beat estimates of $52.03 million. The company also recorded a nonrecurring $12 million write-down related to publisher prepayments. During the earnings call, analysts pressed for details on Deeper Dive adoption, with CEO Adam Singolda noting the product is approaching 10 million users and CPMs up to 10 times higher than traditional ads.
TaboolaRevenue miss and guidance cut due to Google policy change and removal of low-performing publishers.
Alphabet Inc Class C