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TABOOLA.COM LTD.

(TBLA)
  Report
Delayed Nasdaq  -  04:00:01 2023-01-27 pm EST
3.860 USD   +2.93%
01/26Taboola Com : and Grupo Godó sign exclusive long term partnership
PU
01/17Taboola.com Closes 30-Year Exclusive Deal With Yahoo
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01/17Taboola.com Ltd. : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Yahoo to buy minority stake in Taboola in digital ad push

11/28/2022 | 12:08pm EST

Nov 28 (Reuters) - Yahoo Inc will buy nearly 25% of Taboola.com Ltd and become its largest shareholder in a deal allowing the online advertising company to exhibit paid content on the web portal's many sites.

The 30-year contract, announced on Monday, marks a big bet by internet pioneer Yahoo on digital advertising at a time when industry giants from Alphabet-owned Google to Meta Platforms Inc are struggling with an inflation-driven downturn in ad spending.

The Yahoo-Taboola partnership is expected to generate $1 billion in annual revenue, but the companies did not provide any other financial details. Yahoo will also get a seat on Taboola's board.

Yahoo, owned by private equity firm Apollo Global Management since a $5 billion buyout last year, has over the years been overtaken by Google and Facebook, but it still has nearly 900 million monthly active users thanks to a collection of sites such as Yahoo Finance, Yahoo Sports and TechCrunch.

Taboola, whose shares rose 60% on the news, pushes links to articles paid by advertisers - known as native advertising - on many websites such as CNBC and NBC News.

The deal will hand Taboola exclusive rights to sell native ads on Yahoo's sites.

The advertising firm said it expects the agreement to add to its revenue, operating earnings and free cash flow. In its latest earnings, Taboola posted a drop in quarterly revenue and also lowered its annual forecast because of a weak ad market.

The deal, which has been approved by the companies' boards, is expected to close in the first quarter of 2023. Taboola plans to host a meeting on Dec. 30 to seek shareholders' approval.

Taboola, which went public through an about $2.6 billion blank-check merger in 2021, has lost 75% of its market value this year, as of last close. (Reporting by Yuvraj Malik in Bengaluru; Editing by Sherry Jacob-Phillips and Devika Syamnath)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.90% 99.37 Delayed Quote.10.53%
APOLLO GLOBAL MANAGEMENT, INC. 0.55% 70.82 End-of-day quote.11.02%
META PLATFORMS, INC. 3.01% 151.74 Delayed Quote.22.40%
TABOOLA.COM LTD. 2.93% 3.86 Delayed Quote.25.32%
All news about TABOOLA.COM LTD.
01/26Taboola Com : and Grupo Godó sign exclusive long term partnership
PU
01/17Taboola.com Closes 30-Year Exclusive Deal With Yahoo
MT
01/17Taboola.com Ltd. : Entry into a Material Definitive Agreement, Unregistered Sale of Equity..
AQ
01/17Yahoo and Taboola Announce Closing of Deal; 30-Year Strategic Partnership, Taboola to P..
GL
01/17Yahoo and Taboola Announce Closing of Deal; 30-Year Strategic Partnership, Taboola to P..
AQ
01/17Taboola, Inc. Appoints Monica Mijaleski to Its Board of Directors
CI
01/17Yahoo and Taboola, Inc. Close 30-Year Exclusive Commercial Agreement
CI
01/11New Study Indicates Native Advertising Outperforms Other Channels at Boosting Mid-Funne..
GL
01/03Taboola.com Ltd. : Submission of Matters to a Vote of Security Holders, Regulation FD Disc..
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2022Taboola Announces Early Retirement of $61 Million in Term Loan Debt
GL
More news
Analyst Recommendations on TABOOLA.COM LTD.
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Financials (USD)
Sales 2022 1 397 M - -
Net income 2022 -14,8 M - -
Net Debt 2022 205 M - -
P/E ratio 2022 -64,3x
Yield 2022 -
Capitalization 978 M 978 M -
EV / Sales 2022 0,85x
EV / Sales 2023 0,79x
Nbr of Employees 1 800
Free-Float 82,3%
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Technical analysis trends TABOOLA.COM LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 3,86 $
Average target price 4,54 $
Spread / Average Target 17,7%
EPS Revisions
Managers and Directors
Adam Singolda Chief Executive Officer & Director
Eldad Maniv President & Chief Operating Officer
Stephen Walker Senior Vice President-Worldwide Sales Operations
Zvi Limon Chairman
Ariel Pisetzky Vice President-Information Technology
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