Taboola.com Ltd's Q1 2024 Earnings: Strong Start with $414M Revenue, 26% YoY Increase
6 months ago
Taboola.com Ltd's Q1 2024 results exceeded expectations with a 26% YoY revenue increase to $414 million. Despite a net loss of $26.2 million, the company generated a free cash flow of $26.8 million. Investments in AI and technology have enhanced advertiser success, and partnerships with Apple and Yahoo have bolstered its market position. However, the unchanged full-year guidance indicates potential future market uncertainties.
