Taboola.com (TBLA) reported a Q1 net loss Wednesday of $0.03 per diluted share, narrowing from a $0.08 loss a year earlier.

Analysts polled by FactSet expected a $0.05 loss.

Revenue for the quarter ended March 31 was $427.5 million, up from $414 million a year earlier.

FactSet analysts expected $419 million.

For Q2, the advertising and technology company expects revenue of $438 million to $458 million. Analysts surveyed by FactSet are looking for $445.9 million.

For 2025, the company is projecting revenue of $1.84 billion to $1.89 billion. Analysts are looking for $1.86 billion.

Taboola shares gained more than 10% in recent trading.