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Taboola Hosts Investor Day, Reaffirms Q1 Guidance, and Announces ex-TAC Gross Profit Target of over $1 Billion by 2025
NEW YORK, March 29, 2022 (GLOBE NEWSWIRE) -- Today, Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, helping people
About this update from Taboola.com Ltd.
[{"type":"text","content":"NEW YORK, March 29, 2022 (GLOBE NEWSWIRE) -- Today, Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, helping people discover things they may like, is hosting its first investor day as a public company today at 8:30 a.m. ET in New York City. The event will feature presentations by leaders from across Taboola, customer sessions and product demonstrations to showcase the company’s strategy, market opportunities, growth initiatives and strong financial model. In connection with the event, the company is announcing it is targeting ex-TAC Gross Profit to exceed $1 billion by 2025 while maintaining 30%+ Adjusted EBITDA margins. The company is also re-affirming Q1 2022 financial guidance ranges that it released on February 22, 2022. “Our vision is to be the recommendation engine for the Open Web bringing integrated, beautiful, relevant experiences to users,” said Adam Singolda, Founder and CEO, Taboola. “Our first Investor Day brings together leaders from across our company and includes some of the biggest names in publishing, advertising and device manufacturing joining us to share the strength of our partnerships. Together, we are all focused on achieving our key targets over the coming years.” During today's event, Taboola will outline several key factors driving its vision, including: Market: The open web is a $64 billion market where there is a significant opportunity for Taboola to gain share by bringing the power of the “Walled Garden” recommendations experiences to the open web for publishers and advertisers. Third party cookie deprecation can be a potential share gain accelerator as advertisers look more to context oriented partners like Taboola.Differentiated platforms: Comprehensive advertiser and publisher platforms deliver differential value to our partners creating a strong moat. Results in top publisher tenure of 5+ years and average contract length of 3+ years at inception on a revenue weighted basis.Technology innovation: Leading deep learning AI supported by years of investment: $100M+ in R&D investments, 500 R&D employees, 85 research engineers. Results in continual pipeline of innovation: Homepage for You, SmartBid Dimensions, Taboola News, High Impact Placements, and more.Expansion into e-commerce: Connexity acquisition unlocks new growth and uniquely positions Taboola to support...