🔴 Taboola is trading 6.75% down today after Q4 revenue guidance fell below analyst expectations

Taboola is trading 6.75% down at $2.56 after investors reacted to November 4 earnings and weaker Q4 revenue guidance.

• Q3 revenue fell 6.9% year over year to $462.3 million; Q4 revenue guidance was $477 million–$493 million, below analyst expectations.
• Management cited impression-volume headwinds and a slower rollout of Next Engage.
• On November 5, Needham cut its price target, while Rosenblatt downgraded the shares.