Taboola Expands Share Repurchase Program by $200 Million
Taboola Expands Share Repurchase Program
Taboola, a global pioneer in performance advertising technology, has made headlines with its recent announcement regarding an additional share repurchase authorization amounting to $200 million. This decision, approved by the company’s Board of Directors, brings the total authorized share repurchase to roughly $240 million, a move showcasing the company's strong financial health and commitment to shareholder value.
Confidence in Financial Performance
Steve Walker, the CFO of Taboola, expressed enthusiasm about this expansion, emphasizing the company's robust performance in previous quarters. He stated, “Driven by our confidence in the business and our ability to generate strong free cash flow, we are pleased to announce a substantial expansion to our existing share repurchase authorization.” This statement reflects Taboola's aim to maintain positive momentum while strategically investing in long-term growth opportunities.
Details of the Share Buyback Program
Under this program, Taboola may execute share purchases intermittently on the open market. The buybacks can occur through trading plans designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, through privately negotiated transactions, or via other means. The execution of the buyback will depend on market conditions and various factors that the company will evaluate. It's worth noting that Taboola retains the right to modify, suspend, or discontinue the program at any point, underscoring its agile approach in managing shareholder resources.
Investor Day Announcement
Looking ahead, Taboola has scheduled an Investor Day, intended for engagement and clarity regarding the company's future strategies. This event is set to take place on March 26, in a vibrant location. During the event, members of Taboola's management team will delve into key topics such as the company’s strategic direction, market opportunities, and financial outlook. It promises to be an informative session, catering to both existing and prospective investors eager to understand more about Taboola's ambitious plans.
What to Expect at the Investor Day
At the upcoming Investor Day, participants can look forward to detailed insights from management and guest speakers regarding the company's strategic initiatives. The event will begin promptly at 10:00 a.m. ET and is expected to conclude around 1:00 p.m. ET. A live video webcast along with a slide presentation will be available on Taboola's investor relations website, ensuring that those who cannot attend in person can still engage with the content shared during the event.
Understanding Taboola's Unique Market Position
Taboola has carved out a significant niche in the advertising technology landscape. By working with a diverse array of businesses, Taboola leverages its advertising platform, Realize, to connect advertisers with around 600 million daily active users. Publishers such as NBC News and Yahoo have integrated Taboola’s technology to enhance audience engagement and revenue generation, solidifying the company’s pivotal role in digital marketing.
About Taboola
At its core, Taboola is dedicated to empowering businesses through innovative advertising solutions that extend beyond conventional avenues like search and social networks. By delivering measurable outcomes at scale, Taboola helps advertisers navigate the complex landscape of digital marketing, ensuring that they achieve their business objectives effectively and efficiently.
Investor and Press Contacts
For investor inquiries, Taboola's team includes Jessica Kourakos and Aadam Anwar, who can be reached via email for more information about the company's performance and strategic initiatives. The press contact for Taboola is Dave Struzzi, offering media representatives a point of contact for news related to the company's developments.
Frequently Asked Questions
What is Taboola's recent share repurchase announcement about?
Taboola announced an expansion of its share repurchase program by an additional $200 million, increasing the total authorization to around $240 million.
Who is the CFO of Taboola?
The CFO of Taboola is Steve Walker, who highlighted the company's confidence in its strong financial performance.
When is Taboola's upcoming Investor Day?
Taboola's Investor Day is scheduled for March 26, providing insights into its strategy, market potential, and financial outlook.
What audience can Taboola reach through its advertising platform?
Taboola can reach approximately 600 million daily active users through its ad platform, Realize.
How can investors get in touch with Taboola?
Investors can contact Taboola's investor relations team via the email address provided for inquiries regarding company performance and initiatives.
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