Q4 2025 Taboola.com Ltd Earnings Call Transcript

Feb 25, 2026 / 01:30 PM GMT

Release Date Price: $2.95 (-6.05%)

Transcript 10-K8-K

Key Points

Positve

Taboola.com Ltd (TBLA) exceeded the high end of its guidance across key metrics for Q4 2025.
The company repurchased 77 million shares, reducing its share count by roughly 18% while continuing to invest in R&D.
Ex-TAC gross profit reached $714 million, up 7% year over year, with adjusted EBITDA growing 7% to $216 million.
Free cash flow increased by 10% year over year to $163 million, representing approximately 76% conversion from adjusted EBITDA.
The Real advertising platform helped increase the number of scaled advertisers and grow the budgets managed for them.

Negative

Foreign exchange was a meaningful headwind, with a $3.5 million impact on Q4 EBITDA and about $11 million for the full year.
The company faces challenges in achieving double-digit growth, despite a 7% growth rate in 2025.
There is a significant reliance on proprietary data and distribution, which could be a vulnerability if disrupted.
The guidance for 2026 reflects a conservative approach, with no immediate acceleration in revenue trajectory.
Exposure to search traffic remains a risk, although currently in the single-digit percentages.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TBLA.OQ - Taboola.com Ltd
Q4 2025 Taboola.com Ltd Earnings Call
Feb 25, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to Tabula's 4th quarter and full year 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session.

To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Adam Anwar, head of investor relations. Please go ahead.

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