TABOOLA.COM LTD Reports Profitable Earnings for FY2023 Q2
August 17, 2023
☀️Earnings Overview
TABOOLA.COM LTD ($NASDAQ:TBLA) reported its earnings for FY2023 Q2, which ended on June 30 2023, on August 9 2023. The total revenue for the quarter was USD 332.0 million, a 3.1% decrease from the same period in FY2022. Net income for Q2 was reported at USD -31.3 million, compared to -5.0 million in the previous year.
Share Price
On Wednesday, TABOOLA.COM LTD reported its financial results for the second quarter of FY2023 with impressive results. The stock opened at $3.7 and closed at $3.8, soaring by 12.5% from its prior closing price of $3.4. This marks another quarter of consecutive growth for the company.
These results demonstrate TABOOLA.COM LTD’s continued success as a business leader in the industry. With strong financial performance and a promising outlook, the company is well-positioned to capitalize on future opportunities and maintain its competitive edge in the marketplace. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Taboola.com Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 1.36k | -73.47 | -5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Taboola.com Ltd. More…
| Operations | Investing | Financing |
| 72.4 | -0.62 | -100.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Taboola.com Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.72k | 631.31 | 3.63 |
Key Ratios Snapshot
Some of the financial key ratios for Taboola.com Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.6% | – | -3.7% |
| FCF Margin | ROE | ROA |
| 3.2% | -2.9% | -1.8% |
Analysis
At GoodWhale, we analyze the fundamentals of TABOOLA.COM LTD to give our investors a better insight into the business. After analyzing the risk ratings of the company, we can confidently say that it is a medium risk investment in terms of financial and business aspects. Although it is a medium-risk investment, we have still detected one risk warning in its cashflow statement. To gain access to this warning, become a registered user with GoodWhale and get a detailed report about TABOOLA.COM LTD. Sign up now and make an informed decision today! More…
Peers
The company competes with other online advertising and discovery companies, such as Yangaroo Inc, Brave Bison Group PLC, and Audioboom Group PLC.
– Yangaroo Inc ($TSXV:YOO)
Kangaroo Inc is a company that specializes in the design and manufacture of innovative products for the home. The company has a market cap of 3.43M as of 2022 and a Return on Equity of 21.73%. Kangaroo is committed to providing products that improve the quality of life for consumers and their families. The company’s products are available in a variety of retailers across the United States.
– Brave Bison Group PLC ($LSE:BBSN)
The market cap for Bison Group PLC is 24.32M as of 2022. The company has a ROE of 10.86%. Bison Group PLC is a company that focuses on digital media and technology.
– Audioboom Group PLC ($LSE:BOOM)
Audioboom Group PLC is a provider of podcast hosting and distribution services. The company operates in two segments, Podcast Platform and Content. The Podcast Platform segment provides hosting, distribution, and monetization services to podcasters. The Content segment comprises the company’s original and exclusive content.
Audioboom Group PLC has a market capitalization of 106.74M as of 2022 and a Return on Equity of 11.25%. The company’s market capitalization is the total value of its shares outstanding, and its Return on Equity is a measure of its profitability. Audioboom Group PLC is a profitable company, with a market capitalization that makes it a large-cap stock. The company’s primary business is providing podcast hosting and distribution services, and it also has a content segment that produces original and exclusive content.
Summary
Investors are taking a closer look at Taboola.com Ltd, as the company reported its earnings results for FY2023 Q2, ending June 30 2023. Total revenue for the quarter came in at USD 332.0 million, declining by 3.1% year-over-year. Net income for the period was reported at USD -31.3 million, which was significantly worse than the -5.0 million reported in the same period last year.
Despite the weak results, investors responded positively to the news, sending the stock up on the same day. Going forward, investors will need to closely monitor Taboola’s financial performance and potential strategic changes in order to determine whether the company is a desirable investment.
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