Taboola.com Ltd. (NASDAQ:TBLA) Q2 2023 Earnings Call Transcript

Adam Singolda: Thanks, everyone, for joining us today. I’m very excited as you can tell about where we are and the momentum within our business. We’re winning publisher as in our core market, thanks to our technology investments, empowering editorial teams, helping publishers get subscribers launching their eCommerce, business and a lot more. I think publishers want less and less vendors, and more strategic partners for 5, for 10, for 30 years. Publishers want companies who invest in technology, and can do more than just paying CPM. We’re also bidding our expectation on eCommerce, which is nearly 20% of our ex-TAC. And I believe eCommerce will be a big part of publishers revenue in the open web. We’re bidding our expectation also on Taboola News, which is our version of Apple News for Android devices, with partners like Samsung and Xiaomi.

And this business is approaching $100 million in revenue this year, from $50 million last year. Yahoo is now live on international markets. And we’ve validated, it’s an amazing place for advertisers to beat. Our relationship with Yahoo leadership is just stronger than ever. And lastly, we expect to grow more than 10% in revenue in the second half of 2023 and in Q4 I expect us to grow more than 20% versus last quarter last year. These are exciting times for us at Taboola and also for the industry. I’m convinced there needs to be a Google type company dedicated to the open web and journalism that can be a must buy, so advertisers can for the first time ever rely on that company. And we have a real shot at [indiscernible] one. Thanks again, everyone for joining us today, and we look forward to talking to many of you over the next few weeks.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.