Taboola Com Ltd (TBLA) stock plummeted 11.35% in intraday trading on Wednesday, following the company's disappointing fourth-quarter earnings report. Despite beating revenue expectations, Taboola's earnings per share (EPS) missed analysts' estimates, raising concerns among investors about the company's profitability and growth prospects.

The digital advertising technology company reported Q4 EPS of $0.10, falling short of the consensus estimate of $0.11. However, Taboola's Q4 revenue of $491 million exceeded analysts' expectations of $476.82 million. While the revenue beat was a positive sign, the missed EPS target appears to have overshadowed this achievement, leading to a significant sell-off in Taboola's shares in intraday trading.

Taboola's CEO, Adam Singolda, called 2024 a "transformative year" for the company, highlighting the company's efforts to diversify its business and focus on areas such as generative AI and autonomous driving. However, the earnings miss may have raised doubts among investors about the company's ability to execute on its growth strategies and maintain profitability in the face of challenges such as slowing economic growth and shifting advertising trends.