SPX3,693.23-64.76 -1.72%
DIA295.86-4.66 -1.55%
IXIC10,867.93-198.88 -1.80%

BRIEF-Taboola Announces Cost Restructuring To Ensure Continued Profitable Growth

BRIEF-Taboola Announces Cost Restructuring To Ensure Continued Profitable Growth

Reuters · 09/13/2022 16:14
BRIEF-Taboola Announces Cost Restructuring To Ensure Continued Profitable Growth

- Taboola.com Ltd TBLA.O:

  • TABOOLA ANNOUNCES COST RESTRUCTURING TO ENSURE CONTINUED PROFITABLE GROWTH AND FREE CASH FLOW

  • TABOOLA.COM LTD - REAFFIRMING Q3 GUIDANCE AND EXPECTS TO GENERATE OVER $152M IN ADJUSTED EBITDA IN 2022

  • TABOOLA.COM LTD- COST SAVINGS ACHIEVED VIA A WORKFORCE REDUCTION OF APPROXIMATELY 6%

  • TABOOLA.COM LTD - EXPECT TO REDUCE 2023 OPERATING EXPENSES BY $50 MILLION

  • TABOOLA.COM LTD - EXPECTS PROGRAM TO BE LARGELY COMPLETED BY YEAR-END WITH A MAJORITY OF CHANGES TAKING PLACE IN 2022

  • TABOOLA.COM LTD- COST SAVINGS ACHIEVED VIA $23M REDUCTION IN DISCRETIONARY EXPENSES AND $15M REDUCTION IN CAPEX IN 2023 AS WELL

  • TABOOLA.COM LTD- REALIGNING AND RESTRUCTURING TEAMS TO FOCUS ON THREE TOP PRIORITIES: PERFORMANCE ADVERTISING, E-COMMERCE AND HEADER BIDDING

Source text for Eikon: ID:

Further company coverage: TBLA.O


((Reuters.Briefs@thomsonreuters.com;))