TBLA stock recovers slightly in premarket trading after a sharp drop on lowered revenue guidance despite beating adjusted EBITDA estimates.
Taboola (TBLA) shares rose modestly in premarket trading Thursday, recovering from a steep decline the prior session after the company slashed its revenue outlook. The digital advertising firm’s stock had plunged following the announcement, which overshadowed stronger-than-expected adjusted EBITDA results.
The revised guidance reflects weaker revenue expectations, though profitability metrics exceeded forecasts. Management highlighted growth in its Realize advertising platform and new partnerships, including Fox News, as key drivers for future performance.
Investors remain cautious as the lowered revenue outlook weighs on sentiment, despite the partial premarket rebound.