Taboola.Com Raises FY23 Adjusted EBITDA Range To $75M-$82M (Prior View: $73M-$80M); Projects FY23 Non-GAAP Net Income Range To $7M-$12M (Prior View: $5M- $10M)
Portfolio Pulse from Benzinga Newsdesk
Taboola.Com has increased its FY23 Adjusted EBITDA range to $75M-$82M from the previous range of $73M-$80M. The company also projects its FY23 Non-GAAP Net Income range to be $7M-$12M, up from the prior view of $5M-$10M.
November 08, 2023 | 11:24 am
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POSITIVE IMPACT
Taboola.Com's upward revision of its FY23 Adjusted EBITDA and Non-GAAP Net Income ranges may positively impact its stock price.
Taboola.Com's increased FY23 Adjusted EBITDA and Non-GAAP Net Income projections indicate a positive financial outlook for the company, which may lead to increased investor confidence and a potential rise in the stock price of TBLA in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100