Taboola.com Ltd. Ordinary Shares Q3 2025 Earnings Recap

Taboola reported robust Q3 2025 results, surpassing guidance with $497 million in revenue and strong cash flow generation, reflecting the effectiveness of its new performance platform, Realize.

Key Takeaways

• Revenue increased 15% year-over-year, with ex-TAC gross profit rising 6%, demonstrating growing advertiser demand.
• Adjusted EBITDA reached $48 million, yielding a margin of over 27%, and free cash flow for the quarter was $46 million.
• The number of scaled advertisers grew by 4% to 2,064, with a significant 11% increase in average revenue per scaled advertiser.
• Continued aggressive share repurchases totaling approximately $184 million year-to-date, representing 14% of the company.
• Confidence in returning to double-digit growth, underpinned by the traction of Realize in a substantial market opportunity.