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Taboola Beats Q2 Guidance , Raises Expectations for Rest Of The Year and 2022 Increases full year guidance across all measures , now expects to grow Gross Profit and ex - TAC Gross Profit 22 to 24 % and 22 to 23 % , respectively , for the year . New York , NY , Aug 10 , 2021 -- Taboola ( Nasdaq : TBLA ) , a global leader in powering recommendations for the open web , helping people discover things they may like , today announced its results for the quarter ended June 30 , 2021 . " We went public over one month ago , and we recently announced that we are acquiring Connexity for $ 800M to bring e - Commerce to the open web in a big way , and we had strong momentum in Q2 , " said Adam Singolda , Founder & CEO , Taboola . " I'm pleased to share that our Q2 results included growth and profits above our expectations as we continue to grow our publisher partners , with new partnerships with publications such as BBC , Hearst , SheMedia and others . We're also seeing growth of premium demand coming from agencies and brands such as video and native branding on premium supply , including placements like middle of article , homepages and section fronts . We are focused on executing on our plans and delivering on our commitments , and these results give us confidence to increase our 2021 guidance across all measures , including growing ex - TAC Gross Profit 22 to 23 % for the year . With Connexity , we are positioning ourselves for an even stronger future by expanding our addressable market , scaling our offering to align with the direction of the open web , and hiring incredible talent . Amazon has millions of merchants , but merchants mainly have Amazon . That changes now . " For more commentary on the quarter , please refer to Taboola's Q2 2021 Shareholder Letter , which was furnished to the SEC and also posted on Taboola's website today at https://investors.taboola.com . Second Quarter 2021 Results Summary ( unaudited ) ( dollars in thousands ) Three Months Ended June 30 , 2021 2020 Revenues Gross Profit Net Income ( loss ) ¹ $ 329,072 $ 267,668 $ 100,245 $ 84,104 $ ( 61,416 ) $ 12,905 Ratio of Net income ( loss ) to Gross profit ( 61.3 ) % 15.3 % Cash Flow from Operations $ 23,083 $ 36,834 Cash , cash equivalents and short - term deposits $ 585,243 $ 152,740 Non - GAAP Financial Data * ex - TAC Gross Profit $ 116,870 $ 98,885 Adjusted EBITDA $ 40,802 $ 34,865 Ratio of Adjusted EBITDA to ex - TAC Gross Profit 34.9 % 35.3 %