Overview

• Advertising technology firm's Q4 revenue rose but missed analyst expectations

• Adjusted EBITDA for Q4 beat analyst expectations

• Adjusted net income for Q4 beat analyst expectations

Outlook

• Taboola expects Q1 2026 revenue between $444 mln and $462 mln

• Company forecasts FY 2026 revenue between $1.993 bln and $2.054 bln

• Taboola anticipates FY 2026 adjusted EBITDA between $222 mln and $236 mln

Result Drivers

• REALIZE PLATFORM - CEO Adam Singolda highlighted Realize as a key factor in accelerating growth and improving advertiser outcomes

• AI INNOVATION - Heavy investment in AI-driven innovation is seen as a differentiator in the AI-driven world

• SHARE COUNT REDUCTION - Company reduced share count by 18%, contributing to improved financial metrics

Company press release: ID:nGNX4CtC7

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Miss	$522.3 mln	$537.72 mln (7 Analysts)
Q4 EPS		$0.17
Q4 Adjusted Net Income	Beat	$79.10 mln	$54.90 mln (4 Analysts)
Q4 Net Income		$50.10 mln
Q4 Adjusted EBITDA	Beat	$86.10 mln	$83.98 mln (7 Analysts)
Q4 Free Cash Flow		$46.90 mln
Q4 Gross Profit		$175.60 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Taboola.com Ltd is $4.50, about 43.3% above its February 24 closing price of $3.14

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

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