Taboola Com Ltd (TBLA) stock plunged 5.41% in the pre-market trading session on Wednesday, following the company's Q4 2024 earnings report that missed analysts' expectations.
The digital advertising technology company reported Q4 earnings per share (EPS) of $0.10, falling short of the consensus estimate of $0.11. However, Taboola's Q4 revenue of $491 million exceeded analysts' expectations of $476.82 million.
Despite the revenue beat, investors appear to have been disappointed by the missed EPS target, leading to a sell-off in Taboola's shares in the pre-market session. The company's CEO, Adam Singolda, called 2024 a "transformative year" for Taboola, but the earnings miss may have raised concerns about the company's profitability and growth prospects.
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