Taboola.com Ltd
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +0.89%.
Did TBLA Beat Earnings? Q3 2025 Results
Taboola posted a mixed but ultimately encouraging set of Q3 2025 results, delivering a revenue beat while falling short on earnings per share. The digital advertising company reported revenue of $496.76 million, up 14.7% year-over-year and well ahead of the $465.57 million consensus, yet EPS came in at just $0.02 against analyst expectations of $0.09, a 77.78% miss that reflected elevated hosting costs, foreign exchange headwinds, and accelerated marketing spend behind its newly launched Realize performance advertising platform. That same platform, however, appears to be gaining meaningful traction, driving a 10.9% increase in average revenue per scaled advertiser and positioning Taboola at what management described as an inflection point in its growth trajectory. The company swung to GAAP net income of $5.24 million from a loss of $6.45 million a year ago, and raised its full-year 2025 revenue guidance to $1.91 to $1.93 billion, with Adjusted EBITDA now expected between $209 million and $214 million, underscoring management's confidence in sustained double-digit growth ahead.
- 4.4% growth in Scaled Advertisers
- 10.9% increase in Average Revenue per Scaled Advertiser
- Momentum in Realize platform
- Strong contributions from Taboola News and Bidded Supply
- Strong collections and continued cost discipline
“We delivered another strong quarter with our third quarter results beating the high-end of our guidance across all metrics. Realize is at an inflection point and driving meaningful success for our advertisers. We're building on that momentum and are even more confident in our strategy. As a result, we're continuing to aggressively buy back shares, having already repurchased 14% of the company this year.”
Taboola CEO, on the earnings call
Forward Guidance & Outlook
For Q4 2025, Taboola expects revenues of $532–$542 million, gross profit of $166–$171 million, ex-TAC Gross Profit of $204–$210 million, Adjusted EBITDA of $83–$85 million, and Non-GAAP Net Income of $52–$56 million. For full-year 2025, the company raised guidance to revenues of $1,914–$1,932 million, gross profit of $550–$564 million, ex-TAC Gross Profit of $700–$710 million, Adjusted EBITDA of $209–$214 million, and Non-GAAP Net Income of $139–$144 million.
TBLA YoY Financials
Figures from SEC filings and company reports. Not investment advice.