By Chris Wack
Taboola.com shares were down 12% to $3.24 after the company reported fourth-quarter earnings that missed analysts' estimates, and revenue guidance below expectations.
The Internet software and services company said it had quarterly earnings of $33.1 million, or 10 cents a share, compared with $3.72 million, or 1 cent a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $34.2 million, or 11 cents a share.
Revenue for the quarter was $491 million, compared with last year's $419.8 million and the $476.8 million.
For the first quarter, Taboola said it is expecting revenue of $407 million to $427 million, below the $458 million analysts are forecasting. For 2025, the company is looking for revenue of $1.84 billion to $1.89 billion, also below analysts' expectations. Analysts are looking for 2025 revenue of $2.03 billion.
The company also increased its share buyback authorization to $200 million, bringing the current total authorization to $240 million.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 26, 2025 10:06 ET (15:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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