Taboola.com (TBLA) investor relations material

Executive summary

• Q2 2026 revenue reached $476.8 million, up 2.4% year-over-year, driven by scaled advertisers and new digital property partners, with ex-TAC gross profit up 11.8% to $192.4 million and adjusted EBITDA up 23% to $55.5 million.

• Net income for Q2 2026 was $4.3 million, reversing a net loss of $4.3 million in Q2 2025.

• Strategic wins included expansion with a major publisher, addition of Fox News, and momentum with the Realize ad platform.

• Raised full-year ex-TAC gross profit and adjusted EBITDA guidance, reflecting strong operational momentum and strategic investments in AI and premium partnerships.

• A one-time legal settlement contributed $77 million in pre-tax income in the first half of 2026.

Financial highlights

• Q2 2026 revenue was $476.8 million (+2.4% YoY); ex-TAC gross profit was $192.4 million (+11.8% YoY); adjusted EBITDA was $55.5 million (+23% YoY); gross profit was $139.5 million (+2.9% YoY).

• Net income for Q2 2026 was $4.3 million; non-GAAP net income was $41.3 million.

• Adjusted EBITDA margin was 28.8% on ex-TAC gross profit.

• Free cash flow for Q2 2026 was $17.3 million; cash and cash equivalents at quarter-end were $133.1 million.

• Q2 2026 included a $12.2 million write-off of publisher prepayments and a $4.1 million amortization of a commercial agreement asset.

Outlook and guidance

• Q3 2026 revenue guidance: $460–$473 million; ex-TAC gross profit: $184–$190 million; adjusted EBITDA: $51.5–$56.5 million.

• FY 2026 revenue guidance: $1,930–$1,956 million; ex-TAC gross profit: $772–$783 million; adjusted EBITDA: $228–$240 million.

• Non-GAAP net income expected between $168 million and $176 million.

• Revenues and ex-TAC gross profit expected to be weighted more heavily in Q4 due to seasonality.

• Sufficient liquidity is anticipated for at least the next 12 months, with ongoing investments in R&D and technology.