Taboola reported 21% ex-TAC growth to $150 million, 138% YoY surge in adjusted EBITDA to $37 million, and a substantial 237% increase in free cash flow to over $26 million.
Company outlook includes a reaffirmed 2024 guidance with expectations of ex-TAC hitting $667 million, adjusted EBITDA exceeding $200 million, and free cash flow over $100 million, emphasizing growth focus and AI leverage.
Partnerships with key players like Yahoo, Apple, and OEMs for Taboola News, alongside the introduction of generative AI offering Abby, are central to Taboola's growth strategy, aiming for ad budget ramps and improved retention through AI technology.
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