Taboola.com Ltd. (NASDAQ:TBLA) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET

Company Participants

Jessica Kourakos - Head of IR

Adam Singolda - Founder and CEO

Stephen Walker - CFO

Conference Call Participants

Jason Helfstein - Oppenheimer

James Kopelman - TD Cowen

Laura Martin - Needham

Andrew Boone - JMP Securities

Dan Day - B. Riley Securities

Sergio Segura - KeyBanc

Mark Zgutowicz - The Benchmark Company

Operator

Good day ladies and gentlemen, and thank you for standing by. Welcome to the Taboola Third Quarter 2023 Earnings Conference Call. [Operator Instructions]

At this time, I would like to turn the conference over to Ms. Jessica Kourakos, Head of Investor Relations for the Safe Harbor. Ma'am, please begin.

Jessica Kourakos

Thank you and good morning everyone and welcome to Taboola's third quarter 2023 earnings conference call. I'm here with Adam Singolda, Taboola's Founder and CEO, and Steve Walker, Taboola's CFO.

The Company issued earnings materials today before the market and they are available in the Investors section of Taboola's website. Now, I'll quickly cover the Safe Harbor, certain statements today, including our expectations for future periods are forward-looking statements. They are not facts and are subject to material risks and uncertainties described in our SEC filings. These statements are based on currently available information and we undertake no duty to update them except as required by law. Today's discussion is also subject to the forward-looking statement limitations in the earnings press release, future events could differ materially and adversely from those anticipated.

During this call, we will use terms defined in the earnings release and refer to non-GAAP financial measures. For definitions and reconciliations to GAAP, please refer to the non-GAAP tables in the earnings release posted on our website.

With that, I'll turn the call over to Adam.

Adam Singolda

Thanks, Jessica. Good morning everyone and thank you all for joining us for our third quarter call.

Before we talk about the business, I wanted to first address the war in Israel. The last few weeks have been incredibly hard for us as we continue to face unimaginable events. The safety and well-being of our employees is our very top priority and we have implemented multiple initiatives to support our people and their families during this crisis.

I'm very, very proud of Taboola's tremendous resilience during this difficult time. Their work has been instrumental in keeping Taboola safe and in implementing our business continuity plans and it shows in our confidence in our future. As I think of our mission is clear to me, now more than ever, how essential professional journalism is, society needs thriving sources of truth, we can all count on and Taboola has always been and forever will be the biggest supporter of the open web publishers and our commitment to them is more necessary than ever. Our alignment and win-win approach makes it such that when we do well, the open web does well too.