Taboola rises on Q1 revenue beat

Taboola.Com

10/05/2023 14:23

** Shares of digital advertising company Taboola  TBLA.O 
rise 11.8% to $2.55 premarket
    ** TBLA sees Q2 revenue between $299 mln and $325 mln;
analysts expect $337.2 mln - Refinitiv
    ** Reports Q1 revenue of $327.7 mln vs est. of $311.9 mln
    ** Posts Q1 net loss of $31.3 mln, compared with a profit of
$3.9 mln a year earlier
    ** Up to last close, stock had fallen ~26% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))