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Taboola CEO Credits AI and E-commerce for Strong Q3 Results, Stock Soars

  • Grand News Network
  • November 8, 2023

Taboola.Com Ltd (NASDAQ: TBLA) reported third-quarter FY23 revenues of $360.2 million, beating the analyst consensus of $345.1 million. Revenues grew by 8.3% year over year.

The artificial intelligence-enabled public advertising company reported an adjusted EPS of $0.02, beating the analyst consensus of $(0.04) loss.

Gross margin contracted 293 basis points to 28.0%, while gross profit ...

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