Taboola.com (TBLA) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Entity Listings [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Document Transition Report	false
Entity File Number	001-40566
Entity Registrant Name	TABOOLA.COM LTD.
Entity Central Index Key	0001840502
Entity Incorporation, State or Country Code	L3
Entity Tax Identification Number	00-0000000
Entity Address, Address Line One	16 Madison Square West
Entity Address, Address Line Two	7th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10010
City Area Code	212
Local Phone Number	206-7633
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		336,208,207
Ordinary Shares [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Ordinary shares, no par value
Trading Symbol	TBLA
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		291,997,801
Warrants [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Warrants to purchase Ordinary shares
Trading Symbol	TBLAW
Security Exchange Name	NASDAQ
Non-voting Ordinary Shares [Member]
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		44,210,406

CONSOLIDATED INTERIM BALANCE SH

CONSOLIDATED INTERIM BALANCE SHEETS - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents		$ 217,230	$ 176,108
Short-term investments		0	5,725
Restricted deposits		1,312	1,407
Trade receivables (net of allowance for credit losses of $7,640 and $10,207 as of September 30, 2024 and December 31, 2023, respectively) (1)	[1]	297,330	306,307
Prepaid expenses and other current assets		61,995	69,865
Total current assets		577,867	559,412
NON-CURRENT ASSETS
Long-term prepaid expenses		24,470	39,602
Commercial agreement asset		288,061	289,451
Restricted deposits		4,078	4,247
Operating lease right of use assets		60,329	61,746
Property and equipment, net		73,696	72,155
Intangible assets, net		78,485	125,258
Goodwill		555,931	555,931
Total non-current assets		1,085,050	1,148,390
Total assets		1,662,917	1,707,802
CURRENT LIABILITIES
Trade payables	[2]	273,618	282,012
Short-term operating lease liabilities		21,873	20,264
Accrued expenses and other current liabilities		146,732	118,689
Current maturities of long-term loan		0	3,000
Total current liabilities		442,223	423,965
LONG-TERM LIABILITIES
Long-term loan, net of current maturities		146,070	142,164
Long-term operating lease liabilities		44,970	49,450
Warrants liability		1,504	6,129
Deferred tax liabilities, net		3,853	14,815
Other long-term liabilities		12,482	14,217
Total long-term liabilities		208,879	226,775
COMMITMENTS AND CONTINGENCIES (Note 11)
SHAREHOLDERS' EQUITY
Ordinary shares		0	0
Treasury Ordinary shares, at cost - 30,725,351 (29,737,055 Ordinary shares and 988,296 Non-voting Ordinary shares) and 15,240,471 Ordinary shares as of September 30, 2024 and December 31, 2023, respectively		(120,030)	(55,513)
Additional paid-in capital		1,319,043	1,262,093
Accumulated other comprehensive income		165	942
Accumulated deficit		(187,363)	(150,460)
Total shareholders' equity		1,011,815	1,057,062
Total liabilities and shareholders' equity		1,662,917	1,707,802
Non-Voting Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Ordinary shares		$ 0	$ 0
[1]Includes related party trade receivables of $51,758 and $12,297, as of September 30, 2024 and December 31, 2023, respectively.[2]Includes related party trade payables of $50,621 and $38,657, as of September 30, 2024 and December 31, 2023, respectively.

CONSOLIDATED INTERIM BALANCE _2

CONSOLIDATED INTERIM BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Trade receivables, allowance for credit losses		$ 7,640	$ 10,207
Trade receivables	[1]	$ 297,330	$ 306,307
SHAREHOLDERS' EQUITY
Ordinary shares, par value (in dollars per share)		$ 0	$ 0
Ordinary shares, shares authorized (in shares)		700,000,000	700,000,000
Ordinary shares, shares issued (in shares)		322,370,752	310,911,091
Ordinary shares, shares outstanding (in shares)		292,633,697	295,670,620
Treasury ordinary shares (in shares)		30,725,351	15,240,471
Related Party [Member]
CURRENT ASSETS
Trade receivables		$ 51,758	$ 12,297
CURRENT LIABILITIES
Trade payables		$ 50,621	$ 38,657
Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Treasury ordinary shares (in shares)		29,737,055
Non-Voting Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Ordinary shares, par value (in dollars per share)		$ 0	$ 0
Ordinary shares, shares authorized (in shares)		46,000,000	46,000,000
Ordinary shares, shares issued (in shares)		45,198,702	45,198,702
Ordinary shares, shares outstanding (in shares)		44,210,406	45,198,702
Treasury ordinary shares (in shares)		988,296
[1]Includes related party trade receivables of $51,758 and $12,297, as of September 30, 2024 and December 31, 2023, respectively.

CONSOLIDATED INTERIM STATEMENTS

CONSOLIDATED INTERIM STATEMENTS OF LOSS - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONSOLIDATED INTERIM STATEMENTS OF LOSS [Abstract]
Revenues	[1]	$ 433,012	$ 360,221	$ 1,275,180	$ 1,019,911
Cost of revenues:
Traffic acquisition cost	[2]	267,997	231,786	821,737	652,602
Other cost of revenues		32,138	27,776	96,835	80,001
Total cost of revenues		300,135	259,562	918,572	732,603
Gross profit		132,877	100,659	356,608	287,308
Operating expenses:
Research and development		36,727	35,890	106,264	101,876
Sales and marketing		67,808	59,664	200,253	181,431
General and administrative		23,784	23,839	71,397	76,533
Total operating expenses		128,319	119,393	377,914	359,840
Operating income (loss)		4,558	(18,734)	(21,306)	(72,532)
Finance expenses, net		(1,106)	(4,402)	(3,740)	(11,383)
Income (loss) before income taxes		3,452	(23,136)	(25,046)	(83,915)
Income tax expenses		(9,906)	0	(11,857)	(1,848)
Net loss		$ (6,454)	$ (23,136)	$ (36,903)	$ (85,763)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in dollars per share)		$ (0.02)	$ (0.07)	$ (0.11)	$ (0.25)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in dollars per share)		$ (0.02)	$ (0.07)	$ (0.11)	$ (0.25)
Weighted-average shares used in computing net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in shares)		342,886,216	352,591,043	343,606,187	345,631,022
Weighted-average shares used in computing net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in shares)		342,886,216	352,591,043	343,606,187	345,631,022
[1] Includes , for the three months ended September 30, 2024 and 2023 Includes

CONSOLIDATED INTERIM STATEMEN_2

CONSOLIDATED INTERIM STATEMENTS OF LOSS (Parenthetical) - Related Party [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONSOLIDATED INTERIM STATEMENTS OF LOSS [Abstract]
Revenue	$ 44,936	$ 12,307	$ 157,362	$ 26,611
Cost of revenues:
Traffic acquisition costs	$ 53,104	$ 9,869	$ 205,148	$ 9,869

CONSOLIDATED INTERIM STATEMEN_3

CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE LOSS [Abstract]
Net loss	$ (6,454)	$ (23,136)	$ (36,903)	$ (85,763)
Other comprehensive income (loss):
Unrealized and realized gains on available-for-sale marketable securities, net	0	46	6	503
Unrealized gains (losses) on derivative instruments, net	204	570	(783)	113
Other comprehensive income (loss)	204	616	(777)	616
Comprehensive loss	$ (6,250)	$ (22,520)	$ (37,680)	$ (85,147)

CONSOLIDATED INTERIM STATEMEN_4

CONSOLIDATED INTERIM STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Ordinary Shares [Member]	Ordinary Shares [Member] Non-Voting Ordinary Shares [Member]	Treasury Ordinary Shares [Member]	Treasury Ordinary Shares [Member] Non-Voting Ordinary Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning balance at Dec. 31, 2022	$ 0	$ 0	$ 0		$ 903,789	$ (68,420)	$ (834)	$ 834,535
Beginning balance (in shares) at Dec. 31, 2022	254,133,863	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expenses					50,599			50,599
Repurchase of Ordinary shares			$ (23,157)					(23,157)
Repurchase of Ordinary shares (in shares)			(6,672,915)
Exercise of options and vested RSUs					5,429			5,429
Exercise of options and vested RSUs (in shares)	12,543,489
Connexity issuance of Holdback								0
Connexity issuance of Holdback (in shares)	1,162,800
Issuance of Ordinary shares and Non-voting Ordinary shares related to Commercial agreement					288,063			288,063
Issuance of Ordinary shares and Non-voting Ordinary shares related to Commercial agreement (in shares)	39,525,691	45,198,702
Payments of tax withholding for share-based compensation					(3,213)			(3,213)
Other comprehensive income (loss)							616	616
Net loss						(85,763)		(85,763)
Ending balance at Sep. 30, 2023	$ 0	$ 0	$ (23,157)		1,244,667	(154,183)	(218)	1,067,109
Ending balance (in shares) at Sep. 30, 2023	300,692,928	45,198,702
Beginning balance at Jun. 30, 2023	$ 0	$ 0	(4,358)		1,226,572	(131,047)	(834)	1,090,333
Beginning balance (in shares) at Jun. 30, 2023	300,637,035	45,198,702
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expenses					16,650			16,650
Repurchase of Ordinary shares			$ (18,799)					(18,799)
Repurchase of Ordinary shares (in shares)			(5,230,915)
Exercise of options and vested RSUs					2,750			2,750
Exercise of options and vested RSUs (in shares)	4,705,408
Connexity issuance of Holdback								0
Connexity issuance of Holdback (in shares)	581,400
Payments of tax withholding for share-based compensation					(1,305)			(1,305)
Other comprehensive income (loss)							616	616
Net loss						(23,136)		(23,136)
Ending balance at Sep. 30, 2023	$ 0	$ 0	$ (23,157)		1,244,667	(154,183)	(218)	1,067,109
Ending balance (in shares) at Sep. 30, 2023	300,692,928	45,198,702
Beginning balance at Dec. 31, 2023	$ 0	$ 0	(55,513)		1,262,093	(150,460)	942	1,057,062
Beginning balance (in shares) at Dec. 31, 2023	295,670,620	45,198,702
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expenses					53,637			53,637
Repurchase of Ordinary shares			$ (64,517)					(64,517)
Repurchase of Ordinary shares (in shares)			(14,496,584)	(988,296)
Exercise of options and vested RSUs					5,709			5,709
Exercise of options and vested RSUs (in shares)	10,296,864
Connexity issuance of Holdback								0
Connexity issuance of Holdback (in shares)	1,162,797
Payments of tax withholding for share-based compensation					(2,396)			(2,396)
Other comprehensive income (loss)							(777)	(777)
Net loss						(36,903)		(36,903)
Ending balance at Sep. 30, 2024	$ 0	$ 0	$ (120,030)		1,319,043	(187,363)	165	1,011,815
Ending balance (in shares) at Sep. 30, 2024	292,633,697	44,210,406
Beginning balance at Jun. 30, 2024	$ 0	$ 0	(109,978)		1,301,159	(180,909)	(39)	1,010,233
Beginning balance (in shares) at Jun. 30, 2024	291,715,209	44,210,406
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expenses					17,625			17,625
Repurchase of Ordinary shares			$ (10,052)					(10,052)
Repurchase of Ordinary shares (in shares)			(2,950,000)
Exercise of options and vested RSUs					968			968
Exercise of options and vested RSUs (in shares)	3,287,091
Connexity issuance of Holdback								0
Connexity issuance of Holdback (in shares)	581,397
Payments of tax withholding for share-based compensation					(709)			(709)
Other comprehensive income (loss)							204	204
Net loss						(6,454)		(6,454)
Ending balance at Sep. 30, 2024	$ 0	$ 0	$ (120,030)		$ 1,319,043	$ (187,363)	$ 165	$ 1,011,815
Ending balance (in shares) at Sep. 30, 2024	292,633,697	44,210,406

CONSOLIDATED INTERIM STATEMEN_5

CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net loss		$ (36,903)	$ (85,763)
Adjustments to reconcile net loss to net cash flows provided by operating activities:
Depreciation and amortization		75,976	70,709
Share-based compensation expenses		51,892	48,868
Commercial agreement asset amortization		1,390	0
Net loss (income) from financing expenses		(1,131)	1,269
Revaluation of the Warrants liability		(4,625)	(733)
Amortization of loan and credit facility issuance costs		1,092	1,220
Amortization of premium and accretion of discount on short-term investments, net		230	(923)
Change in operating assets and liabilities:
Decrease in trade receivables, net	[1]	12,977	24,590
Decrease in prepaid expenses and other current assets and long-term prepaid expenses		23,787	2,554
Increase (decrease) in trade payables	[2]	(12,901)	2,222
Increase in accrued expenses and other current liabilities and other long-term liabilities		23,027	5,377
Decrease in deferred taxes, net		(10,962)	(8,218)
Change in operating lease right of use assets		14,638	12,447
Change in operating lease liabilities		(16,091)	(12,038)
Net cash provided by operating activities		122,396	61,581
Cash flows from investing activities
Purchase of property and equipment, including capitalized internal-use software		(25,130)	(19,839)
Business acquisition deferred payment		(719)	0
Investments in restricted deposits		0	(594)
Proceeds from maturities of short-term investments		5,765	107,669
Purchase of short-term investments		0	(21,991)
Net cash provided by (used in) investing activities		(20,084)	65,245
Cash flows from financing activities
Issuance costs		(695)	0
Exercise of options and vested RSUs		5,709	5,429
Payment of tax withholding for share-based compensation expenses		(2,396)	(3,213)
Repurchase of Ordinary shares		(64,517)	(23,157)
Payments on account of repurchase of Ordinary shares		(422)	0
Repayment of long-term loan		0	(32,250)
Net cash used in financing activities		(62,321)	(53,191)
Exchange rate differences on balances of cash and cash equivalents		1,131	(1,269)
Increase in cash and cash equivalents		41,122	72,366
Cash and cash equivalents - at the beginning of the period		176,108	165,893
Cash and cash equivalents - at end of the period		217,230	238,259
Cash paid during the year for:
Income taxes		13,396	9,935
Interest		11,054	14,580
Non-cash investing and financing activities:
Purchase of property and equipment, including capitalized internal-use software		4,508	5,694
Share-based compensation included in capitalized internal-use software		1,745	1,731
Creation of operating lease right-of-use assets		$ 13,221	$ 10,604
[1]Includes an increase in related party trade receivables of $39,461 and $4,791, for the nine months ended September 30, 2024 and 2023, respectively.[2]Includes an increase in related party trade payables of $11,964 and $4,717, for the nine months ended September 30, 2024 and 2023, respectively.

CONSOLIDATED INTERIM STATEMEN_6

CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Change in operating assets and liabilities:
Increase in related party trade receivables	$ 39,461	$ 4,791
Increase in related party trade payables	$ 11,964	$ 4,717

GENERAL

GENERAL	9 Months Ended
	Sep. 30, 2024
GENERAL [Abstract]
GENERAL	NOTE 1:- GENERAL a. Taboola.com Ltd. (together with its subsidiaries, the “Company” or “Taboola”) was incorporated under the laws of the state of Israel on September 3, 2006. Taboola is a technology company that powers recommendations across the Open Web with an artificial intelligence-based, algorithmic engine developed since the Company began operations in 2007. Taboola partners with websites, devices, and mobile apps (collectively referred to as “digital properties”), to recommend editorial content and advertisements on the Open Web. Digital properties use Taboola’s technology platforms to achieve their business goals, such as driving new audiences to their sites and apps or increasing engagement with existing audiences. Taboola also provides monetization opportunities to digital properties by surfacing paid recommendations by advertisers. Taboola is a business-to-business company with no competing consumer interests. Taboola empowers advertisers to leverage its proprietary AI-powered recommendation platform to reach targeted audiences utilizing effective, native ad-formats across digital properties. As part of the Company e-Commerce offerings, it also syndicates its retailer advertisers’ monetized product listings and links (clickable advertisements) into commerce content-oriented consumer experiences on both the Open Web and within the dominant traditional ad platforms. Taboola generates revenues when people (consumers) click on, purchase from or, in some cases, view the ads that appear within its recommendation platform. The Company’s customers are the advertisers, merchants and affiliate networks that advertise on the Company’s platform (“Advertisers”). Advertisers pay Taboola for those clicks, purchases or impressions, and Taboola shares a portion of the resulting revenue with the digital properties who display those ads. b. In November 2022, the Company announced it entered into a 30-year exclusive commercial agreement (the “Commercial agreement”) with Yahoo Inc. and affiliated entities (“Yahoo”), under which Taboola will power native advertising across all of Yahoo’s digital properties, expanding the Company’s native advertising offering. In connection with this transaction, and following approval by the Company’s shareholders on December 30, 2022, the articles of association of the Company were amended and restated (the “Articles”) in their entirety to include a Non-voting Ordinary share class with an authorized share capital of 46,000,000. On January 17, 2023 (the “Transaction closing date”), the Company closed the transaction related agreements, including the issuance of 39,525,691 Ordinary shares and 45,198,702 Non-voting Ordinary shares to Yahoo. Based on the closing share price, on January 17, 2023, of $3.40 per share, the aggregate fair value of the issued shares amounted to $288,063. As part of the Ordinary shares and Non-voting Ordinary shares issuance, the Company incurred $1,388 of issuance expenses. The Non-voting Ordinary shares are not entitled to vote on or receive notices with respect to any matter pursuant to the Company’s Articles and are not entitled to vote or to be counted for purposes of determining whether any vote required under the Articles has been approved by the requisite percentage of voting securities or to be counted towards any quorum required pursuant to the Articles. Except with respect to the voting rights and to the rights to receive notice of meetings of the shareholders, the Non-voting Ordinary shares have rights identical to the rights of Ordinary shares. In connection with the transaction, the Company and Yahoo entered into an Investor Rights Agreement, under which, inter alia, Yahoo is entitled, in certain circumstances, to cause the Company to register the Ordinary shares issued to Yahoo for resale under the Securities Act of 1933, as amended. The Company accounts for the consideration paid to Yahoo (the “Commercial agreement asset”) as an up-front payment for traffic acquisition costs paid to the digital property partner, which is amortized over the shorter of respective contractual terms and the economic benefit period of the digital property arrangement. During the three months ended September 30, 2024, the Company concluded it had obtained exclusivity to the extent contemplated by the Commercial agreement as currently in effect, and therefore began to record amortization expenses of the Commercial agreement asset. For the three and nine months ended September 30, 2024, the Company recorded $1,390 amortization expenses of the Commercial agreement asset.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated interim financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and include the accounts of Taboola.com Ltd. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The consolidated balance sheet as of December 31, 2023, included herein, was derived from the audited consolidated financial statements as of that date, but does not include all of the disclosures, including certain notes required by GAAP on an annual reporting basis. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto included in the Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2023, filed with the SEC on February 28, 2024. In the opinion of the Company’s management, the unaudited consolidated interim financial statements have been prepared on a basis consistent with the annual consolidated financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair presentation of the Company’s unaudited interim consolidated financial statements. The results of operations for the three and nine months ended September 30, 2024, are not necessarily indicative of the results to be expected for the full year ending December 31, 2024, or any other future interim or annual period. Use of Estimates The preparation of the interim consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the interim consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period and accompanying notes. Actual results could differ from those estimates. The Company’s management regularly evaluates its estimates, primarily those related to: (1) revenue recognition criteria, including the determination of revenue reporting as gross versus net in the Company’s revenue arrangements, (2) allowances for credit losses, (3) operating lease assets and liabilities, including the incremental borrowing rate and terms and provisions of each lease (4) the useful lives of its Commercial agreement asset, property and equipment and capitalized software development costs, (5) income taxes, (6) assumptions used in the option pricing models to determine the fair value of share-based compensation (7) the fair value of financial assets and liabilities, including the fair value of marketable securities, Private Warrants and derivative instruments (8) the fair value of acquired intangible assets and goodwill annual impairment test, and (9) the recognition and disclosure of contingent liabilities. These estimates are based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances; the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. As of September 30, 2024, the impacts to the Company’s business due to geopolitical developments , such as the wars in Israel and Ukraine and other active or possible hostilities, a Concentrations of Credit Risk The Company’s trade receivables are geographically diversified and derived mainly from sales in the United States, Israel, Germany and United Kingdom. Concentration of credit risk with respect to trade receivables is limited by credit limits, ongoing credit evaluation and account monitoring procedures. The Company performs ongoing credit evaluations of its accounts receivables and establishes an allowance for expected losses as necessary. As of September 30, 2024, the Company had a single and 12.3% As of December 31, 2023, no single customer represented 10% or more of trade receivables. No single customer accounted for more than 10% of total revenue for the three and nine months ended September 30, 2023. Significant Accounting Policies The Company’s significant accounting policies are discussed in Note 2, Summary of Significant Accounting Policies, Reclassification Certain amounts in the corresponding prior periods have been reclassified to conform with the current period presentation. Such reclassifications did not affect net loss, changes in the shareholders’ equity or cash flows. Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topics 740): Improvements to Income Tax Disclosures In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	9 Months Ended
	Sep. 30, 2024
CASH AND CASH EQUIVALENTS [Abstract]
CASH AND CASH EQUIVALENTS	NOTE 3:- CASH AND CASH EQUIVALENTS The following table presents for each reported period, the breakdown of cash and cash equivalents: September 30 December 31, 2024 2023 Unaudited Cash $ 146,761 $ 99,811 Money market funds 70,078 72,510 Time deposits 391 3,787 Total cash and cash equivalents $ 217,230 $ 176,108

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2024
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 4:- FAIR VALUE MEASUREMENTS The Company evaluates assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level to classify them for each reporting period. The Company did not have any transfers between fair value measurements levels during the nine months ended September 30, 2024. The following table sets forth the Company’s assets and liabilities that were measured at fair value as of September Fair value measurements as of Description Fair Value Hierarchy September 30 2024 December 31, 2023 Unaudited Assets: Cash equivalents: Money market funds Level 1 $ 70,078 $ 72,510 Short-term investments: Corporate debt securities Level 2 $ — $ 3,651 Commercial paper Level 2 $ — $ 2,074 Derivative instruments asset: Derivative instruments designated as cash flow hedging instruments Level 2 $ 165 $ 948 Liabilities: Warrants liability: Public Warrants Level 1 $ (1,269 ) $ (4,253 ) Private Warrants Level 3 $ (235 ) $ (1,876 ) The Company classifies its money market funds as Level 1 based on quoted market prices in active markets. The Company classifies its short-term investments and derivative instruments within Level 2 as they are valued using inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. The Company measures the fair value for Warrants by using a quoted price for the Public Warrants, which are classified as Level 1, and a Black-Scholes simulation model for the Private Warrants, which are classified as Level 3, due to the use of unobservable inputs. The key inputs into the Black-Scholes model for the Private Warrants were as follows: Input September 30 2024 December 31, 2023 Unaudited Risk-free interest rate 3.67% - 3.90 % 4.04% - 4.28 % Expected term (years) 1.00 - 1.75 1.75 - 2.50 Expected volatility 44.2% - 54.2 % 61.1% - 63.9 % Exercise price $ 11.50 $ 11.50 Underlying share price $ 3.36 $ 4.33 The Company’s use of a Black-Scholes model required the use of subjective assumptions: ● The risk-free interest rate assumption was interpolated based on constant maturity U.S. Treasury rates over a term commensurate with the expected term of the Private Warrants. ● The expected term was based on the maturity of the Private Warrants of five years following June 29, 2021, the Business Combination date, and for certain Private Warrants the maturity was determined to be five years from the date of the October 1, 2020, ION initial public offering effective date. ● The expected volatility is based on the Company’s share price volatility. For periods prior January 1, 2024, the expected share volatility assumption was based on the implied volatility from a set of comparable publicly-traded companies as determined based on size and proximity, as the Company did not have sufficient trading history The following table presents the changes in the fair value of Warrants liability: Private Public Total Input Warrants Warrants Warrants Fair value as of December 31, 2023 $ 1,876 $ 4,253 $ 6,129 Change from private to public holdings (87 ) 87 — Change in fair value (1,554 ) (3,071 ) (4,625 ) Fair value as of September 30 2024 $ 235 $ 1,269 $ 1,504

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	9 Months Ended
	Sep. 30, 2024
SHORT-TERM INVESTMENTS [Abstract]
SHORT-TERM INVESTMENTS	NOTE 5:- SHORT-TERM INVESTMENTS As of September 30, 2024, the Company did not hold available-for-sale marketable securities. The following is a summary of available-for-sale marketable securities as of December 31, 2023: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt securities $ 3,654 $ — $ (3 ) $ 3,651 Commercial paper 2,077 — (3 ) 2,074 Total $ 5,731 $ — $ (6 ) $ 5,725

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2024
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	NOTE 6:- DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company enters into foreign currency forward contracts and put and call options with financial institution s As of September 30, 2024 and December 31, 2023, the notional amounts of the Company’s derivative instruments designated as cash flow hedging instruments outstanding in U.S. dollars amounted to $38,253 and $39,347, respectively. Gross notional amounts do not quantify risk or represent assets or liabilities of the Company but are used in the calculation of settlements under the contracts. The Company records all cash flow hedging instruments on the consolidated balance sheets at fair value. The fair values of outstanding derivative instruments designated as cash flow hedging instruments and recorded as assets were $165 and $948 as of September 30, 2024 and December 31, 2023, respectively, which were recorded in prepaid expenses and other current assets in the consolidated interim balance sheet. The gains (losses) related to cash flow hedging instruments, recorded in the consolidated interim statements of loss, for the three and nine months ended September 30, 2024 and 2023, were as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Unaudited Cost of revenues $ — $ (60 ) $ 15 $ (142 ) Research and development — (627 ) 174 (1,478 ) Sales and marketing — (114 ) 43 (270 ) General and administrative — (117 ) 35 (270 ) Total gains (losses) recognized in the consolidated statements of loss, net $ — $ (918 ) $ 267 $ (2,160 ) Effect of Foreign Currency Contracts on Accumulated Other Comprehensive Income (Loss) The changes in unrealized gains (losses) on the Company’s derivative instruments recorded in accumulated other comprehensive income (loss) were as follows: Nine months ended September 30, 2024 2023 Unaudited Unrealized gains (losses) on derivative instruments at the beginning of the period $ 948 $ (313 ) Changes in fair value of derivative instruments (516 ) (2,047 ) Reclassification of losses (gains) recognized in the consolidated interim statements of loss from accumulated other comprehensive income (loss) (267 ) 2,160 Unrealized gains (losses) on derivative instruments at the end of the period (unaudited) $ 165 $ (200 ) All net deferred gains in accumulated other comprehensive income as of September 30, 2024, are expected to be recognized over the next twelve months as operating expenses in the same financial statement line item in the consolidated interim statements of loss to which the derivative relates.

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2024
GOODWILL AND INTANGIBLE ASSETS, NET [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	NOTE 7 :- GOODWILL AND INTANGIBLE ASSETS, NET Goodwill There was no impairment or additions to goodwill during the three and nine months ended September 30, 2024. Intangible Assets, Net Definite-lived intangible assets, net consist of the following: September 30, 2024 Gross Fair Value Accumulated Amortization Net Book Value Merchant/Network affiliate relationships $ 146,547 $ (100,412 ) $ 46,135 Technology 74,193 (52,162 ) 22,031 Publisher relationships 42,933 (33,094 ) 9,839 Tradenames 24,097 (24,097 ) — Customer relationship 13,146 (12,666 ) 480 Total (unaudited) $ 300,916 $ (222,431 ) $ 78,485 December 31, 2023 Gross Fair Accumulated Amortization Net Book Value Merchant/Network affiliate relationships $ 146,547 $ (75,987 ) $ 70,560 Technology 74,193 (43,535 ) 30,658 Publisher relationships 42,933 (25,044 ) 17,889 Tradenames 24,097 (18,739 ) 5,358 Customer relationships 13,146 (12,353 ) 793 Total $ 300,916 $ (175,658 ) $ 125,258 Amortization expenses for intangible assets were $15,080 and $15,980, for the three months ended September 30, 2024 and 2023, respectively, and $46,773 and $47,911, for the nine months ended September 30, 2024 and 2023, respectively. The estimated future amortization expense of definite-lived intangible assets as of September 30, 2024, is as follows (unaudited): Year Ending December 31, 2024 (Remainder) $ 13,745 2025 51,407 2026 13,244 2027 89 Total $ 78,485

FINANCING ARRANGEMENTS

FINANCING ARRANGEMENTS	9 Months Ended
	Sep. 30, 2024
FINANCING ARRANGEMENTS [Abstract]
FINANCING ARRANGEMENTS	NOTE 8:- FINANCING ARRANGEMENTS Long-term loan Concurrently with the closing of the Connexity Acquisition, on September 1, 2021, the Company entered into a $300,000 senior secured term loan credit agreement (the “Credit Agreement”), among the Company, Taboola Inc., a wholly-owned Company’s subsidiary (the “Borrower”), the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement provides for borrowings in an aggregate principal amount of up to $300,000 (the “Facility”). The Facility was fully drawn at closing, net of issuance expenses of $11,250, and the proceeds were used by the Company to finance a portion of the Connexity Acquisition. The Facility is subject to customary borrowing conditions. In accordance with the terms of the Credit Agreement, the Credit Agreement was amended on June 12, 2023, to replace LIBOR with SOFR and accordingly the Facility bears interest at a variable annual rate based on Term SOFR or Base Rate plus a fixed margin. The Facility will mature on the seven The Credit Agreement also contains customary representations, covenants and events of default. Failure to meet the covenants beyond applicable grace periods could result in acceleration of outstanding borrowings and/or termination of the Facility. As of September 30, 2024, the Company was in compliance with the Facility covenants. The Facility is guaranteed by the Company and all of its wholly-owned material subsidiaries, subject to certain exceptions set forth in the Credit Agreement (collectively, the “Guarantors”). The obligations of the Borrower and the Guarantors are secured by substantially all the assets of the Borrower and the Guarantors including shares of subsidiaries, subject to certain exceptions set forth in the Credit Agreement. The total interest expenses, including issuance costs amortization, recognized in connection with the long-term loan were $3,971 and $5,141, for the three months ended September 30, 2024 and 2023, respectively, and $11,879 and $15,641, for the nine months ended September 30, 2024 and 2023, respectively. The long-term loan interest and issuance costs amortization, included as interest expenses, are recognized through the remaining term of the Credit agreement using the effective interest rate. Revolving Credit Agreement Certain representations, events of default and covenants of the Revolving Credit Agreement are substantially the same as those in the Credit Agreement. However, the Revolving Credit Agreement contains a financial covenant requiring the Company to maintain a Total Net Leverage Ratio (as defined in the Revolving Credit Agreement) as at the last day of each fiscal quarter. Borrowings under the Revolving Credit Agreement are subject to customary conditions and will bear interest at a variable annual rate based on Term SOFR or Base Rate plus a fixed margin. The lenders under the Credit Agreement and the lenders under the Revolving Credit Agreement are secured by the same collateral, including substantially all the assets of the Borrower and the Guarantors (as defined in the Credit Agreement) including shares of subsidiaries, subject to certain exceptions in the governing documents. The proceeds of any Revolving Loans may be used for the working capital, capital expenditures and other general corporate purposes of Taboola and its subsidiaries and may also be used for Restricted Payments, Investments (including permitted acquisitions) and Restricted Debt Payments (each, as defined in the Credit Agreement) to the extent permitted under the Credit Agreement. As of September 30, 2024, the Company was in compliance with the financial covenants and had no outstanding borrowings under the Revolving Credit Agreement. As of September 30, 2024 and December 31, 2023, deferred financing costs associated with entering into the Revolving Credit Agreement in the total amount of $717 and $893, respectively, were included in short-term and long-term prepaid expenses in the Company’s consolidated balance sheets. The deferred financing costs are amortized on a straight-line basis over the term of the Revolving Credit Agreement. Deferred financing costs amortization amounted to $61 and $63, for the three months ended September 30, 2024 and 2023, respectively, and $176 and $190, for the nine months ended September 30, 2024 and 2023, respectively.

SHAREHOLDERS' EQUITY AND SHARE

SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS	9 Months Ended
	Sep. 30, 2024
SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS [Abstract]
SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS	NOTE 9:- SHAREHOLDERS’ EQUITY AND SHARE INCENTIVE PLANS Share Capital Holders of Ordinary shares have the right to receive notice of, and to participate in, all general meetings of the Company, where each Ordinary share shall have one vote. Each holder has the right to receive dividends, if any, in proportion to their respective Ordinary share holdings. In the event of Taboola’s liquidation, after satisfaction of liabilities to creditors, Company assets will be distributed to the holders of its Ordinary shares in proportion to their shareholdings. On December 30, 2022, in connection with the Yahoo transaction, the Company’s shareholders approved an amendment and restatement to the Articles to include a Non-voting Ordinary share class with an authorized share capital of 46,000,000. In January 2023 the Company issued 45,198,702 Non-voting Ordinary shares to Yahoo. The Non-voting Ordinary shares are not entitled to vote, except in limited circumstances as provided in the Articles. Other than the voting rights, the rights to receive notice of meetings of shareholders and limited circumstances as described in the Company’s Articles, the Non-voting Ordinary shares will have rights identical to the rights of Ordinary shares as described above (see Note 1b). Share Buyback Program The Company’s board of directors authorized a share buyback program of the Company’s outstanding Ordinary shares, which commenced in June 2023 and does not have an expiration date (the “Buyback Program”). In 2023, the Company’s board of directors authorized up to $80,000 of buybacks under the Buyback Program. In February 2024, the Company’s board of directors authorized up to $100,000 for use under the Buyback Program, including any remaining authority from the 2023 board of directors authorization, subject to satisfying required conditions under the Israeli Companies Law and the Companies Regulations (Reliefs for Corporations, Whose Securities Are Listed on Foreign Stock Exchanges) - 2000. As permitted by the Buyback Program, share repurchases may be made from time to time, in privately negotiated transactions or in the open market, including through trading plans, at the discretion of the Company’s management and as permitted by securities laws and other legal requirements. The Buyback Program does not obligate the Company to repurchase any specific number of shares and the number of shares repurchased may depend upon market and economic conditions and other factors. The Buyback Program may be discontinued, modified or suspended at any time. During the nine months ended September 30, 2024, the Company repurchased 15,484,880 of its shares, consisting of 14,496,584 Ordinary shares, and 988,296 Non-voting Ordinary shares (see Note 12) at an average price of $4.14 per share (excluding broker and transaction fees of $362). As of September 30, 2024, the Company had remaining authorization under the Buyback Program to repurchase Ordinary shares up to an aggregate amount of $55,579, subject to satisfying required conditions under the Companies Law and Companies Regulations. Share Incentive Plans a . In addition to the Buyback Program detailed above, the Company utilizes a net issuance mechanism to satisfy tax withholding obligations related to equity-based compensation on behalf of its directors, officers and other employees (the “Net Issuances”). In April 2024, the Company satisfied the required conditions, as set forth in the Israeli Companies Law and the Companies Regulations, to conduct future repurchases of its Ordinary shares under the Buyback Program and Net Issuances in an aggregate amount up to $100,000, which amount was partly utilized under the Company’s previous Israeli court authorization. The Company’s board of directors have the authority to determine the amount to be utilized for Net Issuances and Ordinary share repurchases. For the nine months ended September 30, 2024 and 2023, the Company utilized the net issuance mechanism in connection with equity-based compensation for certain Office Holders, which resulted in a tax withholding payment by the Company of $2,396 and $3,213, respectively, which were recorded as a reduction of additional paid-in capital. b. The following is a summary of share option activity and related information for the nine months ended September 30, 2024 (including employees, directors, officers and consultants of the Company): Outstanding Share Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Balance as of January 1, 2024 29,291,285 $ 3.35 5.27 $ 57,118 Exercised (2,808,002 ) 2.08 — 5,787 Forfeited (516,515 ) 4.00 — — Balance as of September 30, 2024 (unaudited) 25,966,768 $ 3.48 4.93 $ 32,179 Exercisable as of September 30, 2024 (unaudited) 23,291,098 $ 3.13 4.73 $ 30,357 During the nine months ended September 30, 2024, the Company did not grant options. The aggregate intrinsic value in the table above represents the total intrinsic value that would have been received by the option holders had all option holders exercised their options on the last date of the period. As of September 30 , , unrecognized share-based compensation cost related to unvested share options was $6,984, which is expected to be recognized over a weighted-average period of years. c. The following is a summary of the RSU activity and related information for the nine months ended September 30 , : Outstanding Restricted Shares Unit Weighted Average Grant Date Fair Value Balance as of January 1, 2024 23,479,308 $ 5.13 Granted 13,969,685 4.63 Vested (*) (7,488,862 ) 5.34 Forfeited (1,648,529 ) 4.75 Balance as of September 30, 2024 (unaudited) 28,311,602 $ 4.85 (*) A portion of the shares that vested w ere netted out to satisfy the tax obligations of the recipients. During the , a total of RSUs were to satisfy tax obligations, resulting in net issuance of 593,712 Ordinary shares. The total release date fair value of RSUs was $29,971, during the nine months ended September 30, 2024. As of September 30, 2024, unrecognized share-based compensation cost related to unvested RSUs was $118,483, which is expected to be recognized over a weighted-average period of 2.53 years. The total share-based compensation expense related to all of the Company s share-based awards recognized for the three , 202 , was comprised as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Unaudited Cost of revenues $ 933 $ 999 $ 3,040 $ 3,082 Research and development 6,785 6,256 20,015 18,281 Sales and marketing 4,671 4,127 13,526 12,813 General and administrative 4,797 4,869 15,311 14,692 Total share-based compensation expense $ 17,186 $ 16,251 $ 51,892 $ 48,868

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
INCOME TAXES [Abstract]
INCOME TAXES	NOTE 10 :- INCOME TAXES The Company’s effective tax rate is highly dependent upon the geographic distribution of its worldwide earnings or losses and tax regulations. The Company’s effective tax rates were (287.0%) and 0.0% for the three months ended September 30, 2024 and 2023, respectively, and (47.3%) and (2.2%) for the nine months ended September

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11:- COMMITMENTS AND CONTINGENCIES Commercial Commitments In the ordinary course of the business, the Company enters into agreements with certain digital properties, under which, in some cases it agrees to pay them a guaranteed amount, generally per thousand page views on a monthly basis. These agreements could cause a gross loss on digital property accounts in which the guarantee is higher than the actual revenue generated. These contracts generally range in duration from 2 to 5 years, though some can be shorter or longer. Non-cancelable Purchase Obligations In the normal course of business, the Company enters into non-cancelable purchase commitments with various parties to purchase primarily software and IT related-based services. As of September 30, 2024, the Company had outstanding non-cancelable purchase obligations in the amount of $20,819. Legal Proceedings In the ordinary course of business, the Company may be subject from time to time to various proceedings, lawsuits, disputes, or claims. The Company investigates these claims as they arise and records a provision, as necessary. Provisions are reviewed and adjusted to reflect the impact of negotiations, estimated settlements, legal rulings, advice of legal counsel and other information and events pertaining to a particular matter. Although claims are inherently unpredictable, the Company is currently not aware of any matters that, it believes would individually or taken together, have a material adverse effect on its business, financial position, results of operations, or cash flows.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12:- RELATED PARTY TRANSACTIONS The Company is a party to certain transaction-related agreements with Yahoo, pursuant to which the Company issued 39,525,691 Ordinary shares and 45,198,702 Non-voting Ordinary shares to Yahoo, and granting Yahoo the right to appoint one representative to the Company’s board of directors, resulting in Yahoo to become a principal shareholder effective the Transaction closing on January 17, 2023 (see Note 1b). In June 2024, the Company repurchased 988,296 of the Non-voting Ordinary shares at a price of $4.07 per share, based on the terms stipulated in the agreement, for an aggregate purchase price of $4,022, as part of the Buyback Program (see Note 9). The Company and its affiliates are parties to several agreements in the ordinary course of business with Yahoo and its affiliates. Revenues from the related party are derived from Yahoo’s advertiser spend on the Company’s network, for which Yahoo is the billing entity. Traffic acquisition cost to the related party is compensation for placing Taboola’s platform on Yahoo`s digital property. In connection with these agreements, the Company recorded revenues from Yahoo in the amount of $44,936 and $12,307, for the three months ended September 30, 2024 and 2023, respectively, and in the amount of $157,362 and $26,611, for the nine months ended September for the three months ended September September September September As of September The Company and Yahoo, pursuant to the Omnibus Agreement entered into on November 28, 2022, each agreed to pay certain expenses in connection with the transaction and each party agreed to reimburse the other for some or all of these expenses. Under these arrangements, the Company recognized expenses, net of $416 and $1,297, for the three months ended September September

GEOGRAPHIC INFORMATION

GEOGRAPHIC INFORMATION	9 Months Ended
	Sep. 30, 2024
GEOGRAPHIC INFORMATION [Abstract]
GEOGRAPHIC INFORMATION	NOTE 13 :- GEOGRAPHIC INFORMATION The following table represents total revenue by geographic area based on the Advertisers’ billing address: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Unaudited Israel $ 23,995 $ 34,878 $ 82,317 $ 141,475 United States 192,986 138,131 591,218 376,838 Germany 36,471 33,392 108,901 94,829 United Kingdom 17,420 19,739 53,784 54,956 Rest of the world 162,140 134,081 438,960 351,813 Total $ 433,012 $ 360,221 $ 1,275,180 $ 1,019,911

NET LOSS PER SHARE ATTRIBUTABLE

NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS	9 Months Ended
	Sep. 30, 2024
NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS [Abstract]
NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS	NOTE 14:- NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Ordinary shares Non-voting Ordinary shares Ordinary shares Non-voting Ordinary shares Ordinary shares Non-voting Ordinary shares Ordinary shares Non-voting Ordinary shares Unaudited Numerator: Net loss attributable to Ordinary shareholders, basic and diluted $ (5,622 ) $ (832 ) $ (20,170 ) $ (2,966 ) $ (32,095 ) $ (4,808 ) $ (75,246 ) $ (10,517 ) Denominator: Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders, basic and diluted 298,675,810 44,210,406 307,392,341 45,198,702 298,843,067 44,763,120 303,246,891 42,384,131 Net loss per share attributable to Ordinary and non-voting Ordinary shareholders, basic and diluted $ (0.02 ) $ (0.02 ) $ (0.07 ) $ (0.07 ) $ (0.11 ) $ (0.11 ) $ (0.25 ) $ (0.25 ) The potential shares of O rdinary hares that were excluded from the computation of diluted net loss per share attributable to rdinary shareholders for the periods presented because including them would have been anti-dilutive are as follows: Three months ended September 30 Nine September 30 2024 2023 2024 2023 Unaudited Warrants 12,349,990 12,349,990 12,349,990 12,349,990 RSUs 29,023,527 25,936,360 29,241,690 26,166,672 Outstanding share options 19,553,542 31,565,977 20,506,933 28,164,922 Issuable Ordinary shares related to Business Combination under holdback arrangement 387,600 1,356,592 710,601 1,679,592 Total 61,314,659 71,208,919 62,809,214 68,361,176

INSIDER TRADING ARRANGEMENTS

INSIDER TRADING ARRANGEMENTS	3 Months Ended
	Sep. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated interim financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and include the accounts of Taboola.com Ltd. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The consolidated balance sheet as of December 31, 2023, included herein, was derived from the audited consolidated financial statements as of that date, but does not include all of the disclosures, including certain notes required by GAAP on an annual reporting basis. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto included in the Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2023, filed with the SEC on February 28, 2024. In the opinion of the Company’s management, the unaudited consolidated interim financial statements have been prepared on a basis consistent with the annual consolidated financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair presentation of the Company’s unaudited interim consolidated financial statements. The results of operations for the three and nine months ended September 30, 2024, are not necessarily indicative of the results to be expected for the full year ending December 31, 2024, or any other future interim or annual period.
Use of Estimates	Use of Estimates The preparation of the interim consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the interim consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period and accompanying notes. Actual results could differ from those estimates. The Company’s management regularly evaluates its estimates, primarily those related to: (1) revenue recognition criteria, including the determination of revenue reporting as gross versus net in the Company’s revenue arrangements, (2) allowances for credit losses, (3) operating lease assets and liabilities, including the incremental borrowing rate and terms and provisions of each lease (4) the useful lives of its Commercial agreement asset, property and equipment and capitalized software development costs, (5) income taxes, (6) assumptions used in the option pricing models to determine the fair value of share-based compensation (7) the fair value of financial assets and liabilities, including the fair value of marketable securities, Private Warrants and derivative instruments (8) the fair value of acquired intangible assets and goodwill annual impairment test, and (9) the recognition and disclosure of contingent liabilities. These estimates are based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances; the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. As of September 30, 2024, the impacts to the Company’s business due to geopolitical developments , such as the wars in Israel and Ukraine and other active or possible hostilities, a
Concentrations of Credit Risk	Concentrations of Credit Risk The Company’s trade receivables are geographically diversified and derived mainly from sales in the United States, Israel, Germany and United Kingdom. Concentration of credit risk with respect to trade receivables is limited by credit limits, ongoing credit evaluation and account monitoring procedures. The Company performs ongoing credit evaluations of its accounts receivables and establishes an allowance for expected losses as necessary. As of September 30, 2024, the Company had a single and 12.3% As of December 31, 2023, no single customer represented 10% or more of trade receivables. No single customer accounted for more than 10% of total revenue for the three and nine months ended September 30, 2023.
Reclassification	Reclassification Certain amounts in the corresponding prior periods have been reclassified to conform with the current period presentation. Such reclassifications did not affect net loss, changes in the shareholders’ equity or cash flows.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topics 740): Improvements to Income Tax Disclosures In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	9 Months Ended
	Sep. 30, 2024
CASH AND CASH EQUIVALENTS [Abstract]
Breakdown of Cash and Cash Equivalents	The following table presents for each reported period, the breakdown of cash and cash equivalents: September 30 December 31, 2024 2023 Unaudited Cash $ 146,761 $ 99,811 Money market funds 70,078 72,510 Time deposits 391 3,787 Total cash and cash equivalents $ 217,230 $ 176,108

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
FAIR VALUE MEASUREMENTS [Abstract]
Assets and Liabilities Measured at Fair Value	The following table sets forth the Company’s assets and liabilities that were measured at fair value as of September Fair value measurements as of Description Fair Value Hierarchy September 30 2024 December 31, 2023 Unaudited Assets: Cash equivalents: Money market funds Level 1 $ 70,078 $ 72,510 Short-term investments: Corporate debt securities Level 2 $ — $ 3,651 Commercial paper Level 2 $ — $ 2,074 Derivative instruments asset: Derivative instruments designated as cash flow hedging instruments Level 2 $ 165 $ 948 Liabilities: Warrants liability: Public Warrants Level 1 $ (1,269 ) $ (4,253 ) Private Warrants Level 3 $ (235 ) $ (1,876 )
Key Inputs into Black-Scholes Model	The key inputs into the Black-Scholes model for the Private Warrants were as follows: Input September 30 2024 December 31, 2023 Unaudited Risk-free interest rate 3.67% - 3.90 % 4.04% - 4.28 % Expected term (years) 1.00 - 1.75 1.75 - 2.50 Expected volatility 44.2% - 54.2 % 61.1% - 63.9 % Exercise price $ 11.50 $ 11.50 Underlying share price $ 3.36 $ 4.33
Changes in Fair Value of Warrants Liability	The following table presents the changes in the fair value of Warrants liability: Private Public Total Input Warrants Warrants Warrants Fair value as of December 31, 2023 $ 1,876 $ 4,253 $ 6,129 Change from private to public holdings (87 ) 87 — Change in fair value (1,554 ) (3,071 ) (4,625 ) Fair value as of September 30 2024 $ 235 $ 1,269 $ 1,504

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
SHORT-TERM INVESTMENTS [Abstract]
Summary of Available-for-Sale Marketable Securities	The following is a summary of available-for-sale marketable securities as of December 31, 2023: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt securities $ 3,654 $ — $ (3 ) $ 3,651 Commercial paper 2,077 — (3 ) 2,074 Total $ 5,731 $ — $ (6 ) $ 5,725

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2024
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Gains (Losses) Related to Cash Flow Hedging Instruments, Recorded in Consolidated Statements of Loss	The gains (losses) related to cash flow hedging instruments, recorded in the consolidated interim statements of loss, for the three and nine months ended September 30, 2024 and 2023, were as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Unaudited Cost of revenues $ — $ (60 ) $ 15 $ (142 ) Research and development — (627 ) 174 (1,478 ) Sales and marketing — (114 ) 43 (270 ) General and administrative — (117 ) 35 (270 ) Total gains (losses) recognized in the consolidated statements of loss, net $ — $ (918 ) $ 267 $ (2,160 )
Changes in Unrealized Gains (Losses) on Derivative Instruments Recorded in Accumulated Other Comprehensive Income (Loss)	The changes in unrealized gains (losses) on the Company’s derivative instruments recorded in accumulated other comprehensive income (loss) were as follows: Nine months ended September 30, 2024 2023 Unaudited Unrealized gains (losses) on derivative instruments at the beginning of the period $ 948 $ (313 ) Changes in fair value of derivative instruments (516 ) (2,047 ) Reclassification of losses (gains) recognized in the consolidated interim statements of loss from accumulated other comprehensive income (loss) (267 ) 2,160 Unrealized gains (losses) on derivative instruments at the end of the period (unaudited) $ 165 $ (200 )

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2024
GOODWILL AND INTANGIBLE ASSETS, NET [Abstract]
Definite-Lived Intangible Assets	Definite-lived intangible assets, net consist of the following: September 30, 2024 Gross Fair Value Accumulated Amortization Net Book Value Merchant/Network affiliate relationships $ 146,547 $ (100,412 ) $ 46,135 Technology 74,193 (52,162 ) 22,031 Publisher relationships 42,933 (33,094 ) 9,839 Tradenames 24,097 (24,097 ) — Customer relationship 13,146 (12,666 ) 480 Total (unaudited) $ 300,916 $ (222,431 ) $ 78,485 December 31, 2023 Gross Fair Accumulated Amortization Net Book Value Merchant/Network affiliate relationships $ 146,547 $ (75,987 ) $ 70,560 Technology 74,193 (43,535 ) 30,658 Publisher relationships 42,933 (25,044 ) 17,889 Tradenames 24,097 (18,739 ) 5,358 Customer relationships 13,146 (12,353 ) 793 Total $ 300,916 $ (175,658 ) $ 125,258
Estimated Future Amortization Expense of Other Intangible Assets	The estimated future amortization expense of definite-lived intangible assets as of September 30, 2024, is as follows (unaudited): Year Ending December 31, 2024 (Remainder) $ 13,745 2025 51,407 2026 13,244 2027 89 Total $ 78,485

SHAREHOLDERS' EQUITY AND SHAR_2

SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS (Tables)	9 Months Ended
	Sep. 30, 2024
SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS [Abstract]
Share Option Activity	b. The following is a summary of share option activity and related information for the nine months ended September 30, 2024 (including employees, directors, officers and consultants of the Company): Outstanding Share Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Balance as of January 1, 2024 29,291,285 $ 3.35 5.27 $ 57,118 Exercised (2,808,002 ) 2.08 — 5,787 Forfeited (516,515 ) 4.00 — — Balance as of September 30, 2024 (unaudited) 25,966,768 $ 3.48 4.93 $ 32,179 Exercisable as of September 30, 2024 (unaudited) 23,291,098 $ 3.13 4.73 $ 30,357
Summary of RSU activity	c. The following is a summary of the RSU activity and related information for the nine months ended September 30 , : Outstanding Restricted Shares Unit Weighted Average Grant Date Fair Value Balance as of January 1, 2024 23,479,308 $ 5.13 Granted 13,969,685 4.63 Vested (*) (7,488,862 ) 5.34 Forfeited (1,648,529 ) 4.75 Balance as of September 30, 2024 (unaudited) 28,311,602 $ 4.85 (*) A portion of the shares that vested w ere netted out to satisfy the tax obligations of the recipients. During the , a total of RSUs were to satisfy tax obligations, resulting in net issuance of 593,712 Ordinary shares.
Equity Based Compensation Expense	The total share-based compensation expense related to all of the Company s share-based awards recognized for the three , 202 , was comprised as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Unaudited Cost of revenues $ 933 $ 999 $ 3,040 $ 3,082 Research and development 6,785 6,256 20,015 18,281 Sales and marketing 4,671 4,127 13,526 12,813 General and administrative 4,797 4,869 15,311 14,692 Total share-based compensation expense $ 17,186 $ 16,251 $ 51,892 $ 48,868

GEOGRAPHIC INFORMATION (Tables)

GEOGRAPHIC INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2024
GEOGRAPHIC INFORMATION [Abstract]
Revenue by Geographic Area Based on Advertisers' Billing Address	The following table represents total revenue by geographic area based on the Advertisers’ billing address: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Unaudited Israel $ 23,995 $ 34,878 $ 82,317 $ 141,475 United States 192,986 138,131 591,218 376,838 Germany 36,471 33,392 108,901 94,829 United Kingdom 17,420 19,739 53,784 54,956 Rest of the world 162,140 134,081 438,960 351,813 Total $ 433,012 $ 360,221 $ 1,275,180 $ 1,019,911

NET LOSS PER SHARE ATTRIBUTAB_2

NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS (Tables)	9 Months Ended
	Sep. 30, 2024
NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS [Abstract]
Computation of Basic and Diluted Net Loss Per Share	Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Ordinary shares Non-voting Ordinary shares Ordinary shares Non-voting Ordinary shares Ordinary shares Non-voting Ordinary shares Ordinary shares Non-voting Ordinary shares Unaudited Numerator: Net loss attributable to Ordinary shareholders, basic and diluted $ (5,622 ) $ (832 ) $ (20,170 ) $ (2,966 ) $ (32,095 ) $ (4,808 ) $ (75,246 ) $ (10,517 ) Denominator: Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders, basic and diluted 298,675,810 44,210,406 307,392,341 45,198,702 298,843,067 44,763,120 303,246,891 42,384,131 Net loss per share attributable to Ordinary and non-voting Ordinary shareholders, basic and diluted $ (0.02 ) $ (0.02 ) $ (0.07 ) $ (0.07 ) $ (0.11 ) $ (0.11 ) $ (0.25 ) $ (0.25 )
Antidilutive Securities Excluded from Computation of Diluted Net Loss Per Share	The potential shares of O rdinary hares that were excluded from the computation of diluted net loss per share attributable to rdinary shareholders for the periods presented because including them would have been anti-dilutive are as follows: Three months ended September 30 Nine September 30 2024 2023 2024 2023 Unaudited Warrants 12,349,990 12,349,990 12,349,990 12,349,990 RSUs 29,023,527 25,936,360 29,241,690 26,166,672 Outstanding share options 19,553,542 31,565,977 20,506,933 28,164,922 Issuable Ordinary shares related to Business Combination under holdback arrangement 387,600 1,356,592 710,601 1,679,592 Total 61,314,659 71,208,919 62,809,214 68,361,176

GENERAL (Details)

GENERAL (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Jan. 17, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 30, 2022
Shares Granted or Issued, Share-Based Payment Arrangement [Abstract]
Period of commercial agreement				30 years
Authorized share capital (in shares)		700,000,000		700,000,000		700,000,000	46,000,000
Closing share price (in dollars per share)	$ 3.4
Fair value of shares issued	$ 288,063				$ 288,063
Issuance expenses	$ 1,388
Amortization expenses of commercial agreement asset		$ 1,390	$ 0	$ 1,390	$ 0
Non-Voting Ordinary Shares [Member]
Shares Granted or Issued, Share-Based Payment Arrangement [Abstract]
Authorized share capital (in shares)		46,000,000		46,000,000		46,000,000	46,000,000
Issuance of shares (in shares)	45,198,702
Ordinary Shares [Member]
Shares Granted or Issued, Share-Based Payment Arrangement [Abstract]
Issuance of shares (in shares)	39,525,691				39,525,691
Ordinary Shares [Member] | Non-Voting Ordinary Shares [Member]
Shares Granted or Issued, Share-Based Payment Arrangement [Abstract]
Issuance of shares (in shares)	45,198,702				45,198,702

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details) - Customer	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Trade Receivable [Member]
Concentrations of Credit Risks [Abstract]
Number of major customers			1		0
Trade Receivable [Member] | Customer Concentration Risk [Member]
Concentrations of Credit Risks [Abstract]
Concentration risk threshold percentage			17.40%		10%
Revenue [Member]
Concentrations of Credit Risks [Abstract]
Number of major customers	1	0	1	0
Revenue [Member] | Customer Concentration Risk [Member]
Concentrations of Credit Risks [Abstract]
Concentration risk threshold percentage	10.40%	10%	12.30%	10%

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Breakdown of Cash and Cash Equivalents [Abstract]
Cash	$ 146,761	$ 99,811
Money market funds	70,078	72,510
Time deposits	391	3,787
Total cash and cash equivalents	$ 217,230	$ 176,108

FAIR VALUE MEASUREMENTS, Assets

FAIR VALUE MEASUREMENTS, Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Level 1 [Member] | Public Warrants [Member]
Liabilities [Abstract]
Warrants liability	$ (1,269)	$ (4,253)
Level 1 [Member] | Money Market Funds [Member]
Assets [Abstract]
Cash equivalents	70,078	72,510
Level 2 [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Short-term investments	0	3,651
Level 2 [Member] | Commercial Paper [Member]
Assets [Abstract]
Short-term investments	0	2,074
Level 2 [Member] | Derivative Instruments Asset [Member]
Assets [Abstract]
Derivative instruments designated as cash flow hedging instruments	165	948
Level 3 [Member] | Private Warrants [Member]
Liabilities [Abstract]
Warrants liability	$ (235)	$ (1,876)

FAIR VALUE MEASUREMENTS, Key In

FAIR VALUE MEASUREMENTS, Key Inputs to Warrants (Details)	Sep. 30, 2024 $ / shares	Dec. 31, 2023 $ / shares
Private Warrants [Member] | Risk Free Interest Rate [Member] | Minimum [Member]
Key Inputs into Black-Scholes Model [Abstract]
Private Warrants, Measurement Input	0.0367	0.0404
Private Warrants [Member] | Risk Free Interest Rate [Member] | Maximum [Member]
Key Inputs into Black-Scholes Model [Abstract]
Private Warrants, Measurement Input	0.039	0.0428
Private Warrants [Member] | Expected Term [Member] | Minimum [Member]
Key Inputs into Black-Scholes Model [Abstract]
Warrants maturity period	1 year	1 year 9 months
Private Warrants [Member] | Expected Term [Member] | Maximum [Member]
Key Inputs into Black-Scholes Model [Abstract]
Warrants maturity period	1 year 9 months	2 years 6 months
Private Warrants [Member] | Expected Volatility [Member] | Minimum [Member]
Key Inputs into Black-Scholes Model [Abstract]
Private Warrants, Measurement Input	0.442	0.611
Private Warrants [Member] | Expected Volatility [Member] | Maximum [Member]
Key Inputs into Black-Scholes Model [Abstract]
Private Warrants, Measurement Input	0.542	0.639
Private Warrants [Member] | Exercise Price [Member]
Key Inputs into Black-Scholes Model [Abstract]
Private Warrants, Measurement Input	11.5	11.5
Private Warrants [Member] | Underlying Share Price [Member]
Key Inputs into Black-Scholes Model [Abstract]
Private Warrants, Measurement Input	3.36	4.33
Certain Private Warrants [Member]
Key Inputs into Black-Scholes Model [Abstract]
Warrants maturity period	5 years

FAIR VALUE MEASUREMENTS, Change

FAIR VALUE MEASUREMENTS, Changes in Fair Value of Warrants Liability (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Warrants [Member]
Changes in Fair Value of Warrants Liability [Roll Forward]
Fair value, beginning balance	$ 6,129
Change from private to public holdings	0
Change in fair value	(4,625)
Fair value, ending balance	1,504
Private Warrants [Member]
Changes in Fair Value of Warrants Liability [Roll Forward]
Fair value, beginning balance	1,876
Change from private to public holdings	(87)
Change in fair value	(1,554)
Fair value, ending balance	235
Public Warrants [Member]
Changes in Fair Value of Warrants Liability [Roll Forward]
Fair value, beginning balance	4,253
Change from private to public holdings	87
Change in fair value	(3,071)
Fair value, ending balance	$ 1,269

SHORT-TERM INVESTMENTS (Details

SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Summary of available-for-sale marketable securities [Abstract]
Amortized Cost		$ 5,731
Gross Unrealized Gains		0
Gross Unrealized Losses		(6)
Fair Value	$ 0	5,725
Corporate Debt Securities [Member]
Summary of available-for-sale marketable securities [Abstract]
Amortized Cost		3,654
Gross Unrealized Gains		0
Gross Unrealized Losses		(3)
Fair Value		3,651
Commercial Paper [Member]
Summary of available-for-sale marketable securities [Abstract]
Amortized Cost		2,077
Gross Unrealized Gains		0
Gross Unrealized Losses		(3)
Fair Value		$ 2,074

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES, Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative Instrument [Abstract]
Derivative notional amount	$ 38,253	$ 39,347
Prepaid Expenses and Other Current Assets [Member]
Derivative Instrument [Abstract]
Fair value of cash flow hedging instruments recorded as assets	$ 165	$ 948

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES, Changes Related to Cash Flow Hedging Instruments, Recorded in Consolidated Statements of Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Changes Related to Cash Flow Hedging Instruments, Recorded in Consolidated Interim Statements of Loss [Abstract]
Gains (losses) recognized in the consolidated statements of loss, net	$ 0	$ (918)	$ 267	$ (2,160)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)
Cost of Revenues [Member]
Changes Related to Cash Flow Hedging Instruments, Recorded in Consolidated Interim Statements of Loss [Abstract]
Gains (losses) recognized in the consolidated statements of loss, net	$ 0	$ (60)	$ 15	$ (142)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Revenue	Cost of Revenue	Cost of Revenue	Cost of Revenue
Research and Development [Member]
Changes Related to Cash Flow Hedging Instruments, Recorded in Consolidated Interim Statements of Loss [Abstract]
Gains (losses) recognized in the consolidated statements of loss, net	$ 0	$ (627)	$ 174	$ (1,478)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Research and Development Expense	Research and Development Expense	Research and Development Expense	Research and Development Expense
Sales and Marketing [Member]
Changes Related to Cash Flow Hedging Instruments, Recorded in Consolidated Interim Statements of Loss [Abstract]
Gains (losses) recognized in the consolidated statements of loss, net	$ 0	$ (114)	$ 43	$ (270)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Sales and marketing	Sales and marketing	Sales and marketing	Sales and marketing
General and Administrative [Member]
Changes Related to Cash Flow Hedging Instruments, Recorded in Consolidated Interim Statements of Loss [Abstract]
Gains (losses) recognized in the consolidated statements of loss, net	$ 0	$ (117)	$ 35	$ (270)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	General and administrative	General and administrative	General and administrative	General and administrative

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES, Changes in Unrealized Gains (Losses) on Derivative Instruments Recorded in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Summary of Derivative Instruments by Hedge Designation [Abstract]
Unrealized gains (losses) on derivative instruments at the beginning of the period	$ 948	$ (313)
Changes in fair value of derivative instruments	(516)	(2,047)
Reclassification of losses (gains) recognized in the consolidated interim statements of loss from accumulated other comprehensive income (loss)	(267)	2,160
Unrealized gains (losses) on derivative instruments at the end of the period (unaudited)	$ 165	$ (200)

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET, Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
GOODWILL AND INTANGIBLE ASSETS, NET [Abstract]
Impairment to goodwill	$ 0
Additions to goodwill	$ 0

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS, NET, Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Intangible Assets [Abstract]
Gross fair value	$ 300,916		$ 300,916		$ 300,916
Accumulated amortization	(222,431)		(222,431)		(175,658)
Net book value	78,485		78,485		125,258
Amortization expenses related to intangible assets	15,080	$ 15,980	46,773	$ 47,911
Merchant/Network Affiliate Relationships [Member]
Intangible Assets [Abstract]
Gross fair value	146,547		146,547		146,547
Accumulated amortization	(100,412)		(100,412)		(75,987)
Net book value	46,135		46,135		70,560
Technology [Member]
Intangible Assets [Abstract]
Gross fair value	74,193		74,193		74,193
Accumulated amortization	(52,162)		(52,162)		(43,535)
Net book value	22,031		22,031		30,658
Publisher Relationships [Member]
Intangible Assets [Abstract]
Gross fair value	42,933		42,933		42,933
Accumulated amortization	(33,094)		(33,094)		(25,044)
Net book value	9,839		9,839		17,889
Tradenames [Member]
Intangible Assets [Abstract]
Gross fair value	24,097		24,097		24,097
Accumulated amortization	(24,097)		(24,097)		(18,739)
Net book value	0		0		5,358
Customer Relationships [Member]
Intangible Assets [Abstract]
Gross fair value	13,146		13,146		13,146
Accumulated amortization	(12,666)		(12,666)		(12,353)
Net book value	$ 480		$ 480		$ 793

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS, NET, Estimated Future Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Estimated Future Amortization Expense of Other Intangible Assets [Abstract]
2024 (Remainder)	$ 13,745
2025	51,407
2026	13,244
2027	89
Net book value	$ 78,485	$ 125,258

FINANCING ARRANGEMENTS (Details

FINANCING ARRANGEMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Aug. 09, 2022	Sep. 01, 2021
Debt Instruments [Abstract]
Interest expenses recognized with the long-term loan	$ 3,971	$ 5,141	$ 11,879	$ 15,641
Revolving Credit Agreement [Member]
Debt Instruments [Abstract]
Long term debt	0		$ 0
Long-term loan term			5 years
Deferred financing costs	717		$ 717		$ 893
Deferred financing costs amortization	61	$ 63	176	$ 190
Revolving Credit Agreement [Member] | Maximum [Member]
Debt Instruments [Abstract]
Aggregate committed principal amount						$ 90,000
Credit Agreement [Member]
Debt Instruments [Abstract]
Senior secured term loan credit agreement							$ 300,000
Issuance expenses	$ 11,250		$ 11,250
Long-term loan maturity			7 years
Frequency of periodic payment			quarterly
Facility amortization rate	1%		1%
Long term debt	$ 152,735		$ 152,735

SHAREHOLDERS' EQUITY AND SHAR_3

SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS, Share Capital (Details)		9 Months Ended
	Jan. 17, 2023 shares	Sep. 30, 2024 Vote shares	Dec. 31, 2023 shares	Dec. 30, 2022 shares
Share Capital [Abstract]
Vote per share | Vote		1
Authorized share capital (in shares)		700,000,000	700,000,000	46,000,000
Non-Voting Ordinary Shares [Member]
Share Capital [Abstract]
Authorized share capital (in shares)		46,000,000	46,000,000	46,000,000
Net issuance of shares (in shares)	45,198,702

SHAREHOLDERS' EQUITY AND SHAR_4

SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS, Share Buyback Program (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Feb. 29, 2024	Dec. 31, 2023
Share Buyback Program [Abstract]
Broker and transaction fees				$ 362,000
Non-Voting Ordinary Shares [Member]
Share Buyback Program [Abstract]
Average price paid per share (in dollars per share)	$ 4.07
Remaining authorized repurchase of common stock	$ 4,022,000
Treasury Ordinary Shares [Member]
Share Buyback Program [Abstract]
Number of shares repurchased (in shares)		2,950,000	5,230,915	14,496,584	6,672,915
Treasury Ordinary Shares [Member] | Non-Voting Ordinary Shares [Member]
Share Buyback Program [Abstract]
Number of shares repurchased (in shares)	988,296			988,296
Share Buyback Program [Member]
Share Buyback Program [Abstract]
Share repurchase program, authorized amount						$ 100,000	$ 80,000
Number of shares repurchased (in shares)				15,484,880
Average price paid per share (in dollars per share)				$ 4.14
Share Buyback Program [Member] | Maximum [Member]
Share Buyback Program [Abstract]
Remaining authorized repurchase of common stock		$ 55,579		$ 55,579
Share Buyback Program [Member] | Non-Voting Ordinary Shares [Member]
Share Buyback Program [Abstract]
Number of shares repurchased (in shares)				988,296
Share Buyback Program [Member] | Treasury Ordinary Shares [Member]
Share Buyback Program [Abstract]
Number of shares repurchased (in shares)				14,496,584

SHAREHOLDERS' EQUITY AND SHAR_5

SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS, Share Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Stock Option Plan [Abstract]
Additional equity-based compensation plan		$ 17,625	$ 16,650	$ 53,637	$ 50,599
Payments of tax withholding for share based compensation		$ 709	1,305	$ 2,396	3,213
Maximum [Member]
Stock Option Plan [Abstract]
Additional equity-based compensation plan	$ 100,000
Share Options [Member]
Outstanding Share Options [Roll Forward]
Outstanding, beginning of period (in shares)				29,291,285
Granted (in shares)				0
Exercised (in shares)				(2,808,002)
Forfeited (in shares)				(516,515)
Outstanding, end of period (in shares)		25,966,768		25,966,768		29,291,285
Exercisable (in shares)		23,291,098		23,291,098
Weighted-Average Exercise Price Per Share [Roll Forward]
Outstanding, beginning of period (in dollars per share)				$ 3.35
Exercised (in dollars per share)				2.08
Forfeited (in dollars per share)				4
Outstanding, end of period (in dollars per share)		$ 3.48		3.48		$ 3.35
Exercisable (in dollars per share)		$ 3.13		$ 3.13
Weighted Average Remaining Contractual Term [Abstract]
Weighted-average remaining contractual life				4 years 11 months 4 days		5 years 3 months 7 days
Weighted-average remaining contractual life, exercisable				4 years 8 months 23 days
Aggregate Intrinsic Value [Abstract]
Aggregate intrinsic value, outstanding		$ 32,179		$ 32,179		$ 57,118
Aggregate intrinsic value, exercised				5,787
Aggregate intrinsic value, exercisable		30,357		30,357
Additional Paid-in Capital [Member]
Stock Option Plan [Abstract]
Additional equity-based compensation plan		17,625	16,650	53,637	50,599
Payments of tax withholding for share based compensation		$ 709	$ 1,305	$ 2,396	$ 3,213

SHAREHOLDERS' EQUITY AND SHAR_6

SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS, Share Option Plan and Related Information (Details) - Share Options [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Stock-based compensation [Abstract]
Unrecognized share based compensation cost	$ 6,984
Weighted-average period expected to be recognized	11 months 4 days

SHAREHOLDERS' EQUITY AND SHAR_7

SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS, RSU Activity (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares
Ordinary Shares [Member]
Outstanding Restricted Share Unit [Roll Forward]
Net issuance of shares (in shares)	593,712
Restricted Share Units [Member]
Outstanding Restricted Share Unit [Roll Forward]
Outstanding, beginning of period (in shares)	23,479,308
Granted (in shares)	13,969,685
Vested (in shares)	(7,488,862)	[1]
Forfeited (in shares)	(1,648,529)
Outstanding, end of period (in shares)	28,311,602
Vested shares netted out to satisfy tax obligations (in shares)	593,721
Fair value of RSUs | $	$ 29,971
Unrecognized share based compensation cost related to unvested RSUs | $	$ 118,483
Weighted-average period to be recognized	2 years 6 months 10 days
Weighted-Average Grant Date Fair Value Per Share [Roll Forward]
Outstanding, beginning of period (in dollars per share) | $ / shares	$ 5.13
Granted (in dollars per share) | $ / shares	4.63
Vested (in dollars per share) | $ / shares	5.34
Forfeited (in dollars per share) | $ / shares	4.75
Outstanding, end of period (in dollars per share) | $ / shares	$ 4.85
[1]A portion of the shares that vested were netted out to satisfy the tax obligations of the recipients. During the nine months ended September 30, 2024, a total of 593,721 RSUs were canceled to satisfy tax obligations, resulting in net issuance of 593,712 Ordinary shares.

SHAREHOLDERS' EQUITY AND SHAR_8

SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS, Equity-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity Based Compensation Expense [Abstract]
Total share-based compensation expense	$ 17,186	$ 16,251	$ 51,892	$ 48,868
Cost of Revenues [Member]
Equity Based Compensation Expense [Abstract]
Total share-based compensation expense	933	999	3,040	3,082
Research and Development [Member]
Equity Based Compensation Expense [Abstract]
Total share-based compensation expense	6,785	6,256	20,015	18,281
Sales and Marketing [Member]
Equity Based Compensation Expense [Abstract]
Total share-based compensation expense	4,671	4,127	13,526	12,813
General and Administrative [Member]
Equity Based Compensation Expense [Abstract]
Total share-based compensation expense	$ 4,797	$ 4,869	$ 15,311	$ 14,692

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Rate [Abstract]
Effective tax rate	(287.00%)	0%	(47.30%)	(2.20%)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Non-cancelable Purchase Obligations [Abstract]
Purchase obligation	$ 20,819
Minimum [Member]
Commercial Commitments [Abstract]
Period of contract	2 years
Maximum [Member]
Commercial Commitments [Abstract]
Period of contract	5 years

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ / shares in Units, $ in Thousands			1 Months Ended	3 Months Ended		9 Months Ended
		Jan. 17, 2023 shares	Jun. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($) shares	Sep. 30, 2024 USD ($) Respresentative shares	Sep. 30, 2023 USD ($) shares	Dec. 31, 2023 USD ($)
Related Party Transaction [Abstract]
Revenues	[1]			$ 433,012	$ 360,221	$ 1,275,180	$ 1,019,911
Traffic acquisition cost	[2]			267,997	231,786	821,737	652,602
Trade receivable balance	[3]			297,330		297,330		$ 306,307
Trade payable balance	[4]			273,618		273,618		282,012
Expenses from transaction				$ 128,319	$ 119,393	$ 377,914	$ 359,840
Non-Voting Ordinary Shares [Member]
Related Party Transaction [Abstract]
Issuance of shares (in shares) | shares		45,198,702
Purchase price paid per share (in dollars per share) | $ / shares			$ 4.07
Aggregate purchase price			$ 4,022
Ordinary Shares [Member]
Related Party Transaction [Abstract]
Issuance of shares (in shares) | shares		39,525,691					39,525,691
Ordinary Shares [Member] | Non-Voting Ordinary Shares [Member]
Related Party Transaction [Abstract]
Issuance of shares (in shares) | shares		45,198,702					45,198,702
Treasury Ordinary Shares [Member]
Related Party Transaction [Abstract]
Number of shares repurchased (in shares) | shares				2,950,000	5,230,915	14,496,584	6,672,915
Treasury Ordinary Shares [Member] | Non-Voting Ordinary Shares [Member]
Related Party Transaction [Abstract]
Number of shares repurchased (in shares) | shares			988,296			988,296
Related Party [Member]
Related Party Transaction [Abstract]
Trade receivable balance				$ 51,758		$ 51,758		12,297
Related Party [Member] | Yahoo [Member]
Related Party Transaction [Abstract]
Number of representatives that can be appointed to Board of Directors | Respresentative						1
Revenues				44,936	$ 12,307	$ 157,362	$ 26,611
Traffic acquisition cost				53,104	9,869	205,148	9,869
Trade receivable balance				51,758		51,758		12,297
Trade payable balance				50,621		50,621		$ 38,657
Expenses from transaction				$ 416	$ 1,297	$ 1,441	$ 3,920
Related Party [Member] | Yahoo [Member] | Non-Voting Ordinary Shares [Member]
Related Party Transaction [Abstract]
Issuance of shares (in shares) | shares		45,198,702
Related Party [Member] | Yahoo [Member] | Ordinary Shares [Member]
Related Party Transaction [Abstract]
Issuance of shares (in shares) | shares		39,525,691
[1] Includes , for the three months ended September 30, 2024 and 2023 Includes

GEOGRAPHIC INFORMATION (Details

GEOGRAPHIC INFORMATION (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segments, Geographical Areas [Abstract]
Revenues	[1]	$ 433,012	$ 360,221	$ 1,275,180	$ 1,019,911
Israel [Member]
Segments, Geographical Areas [Abstract]
Revenues		23,995	34,878	82,317	141,475
United States [Member]
Segments, Geographical Areas [Abstract]
Revenues		192,986	138,131	591,218	376,838
Germany [Member]
Segments, Geographical Areas [Abstract]
Revenues		36,471	33,392	108,901	94,829
United Kingdom [Member]
Segments, Geographical Areas [Abstract]
Revenues		17,420	19,739	53,784	54,956
Rest of the World [Member]
Segments, Geographical Areas [Abstract]
Revenues		$ 162,140	$ 134,081	$ 438,960	$ 351,813
[1] Includes , for the three months ended September 30, 2024 and 2023

NET LOSS PER SHARE ATTRIBUTAB_3

NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Denominator: [Abstract]
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders, basic (in shares)	342,886,216	352,591,043	343,606,187	345,631,022
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders, diluted (in shares)	342,886,216	352,591,043	343,606,187	345,631,022
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.11)	$ (0.25)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.11)	$ (0.25)
Antidilutive Securities [Abstract]
Antidilutive securities (in shares)	61,314,659	71,208,919	62,809,214	68,361,176
Non-Voting Ordinary Shares [Member]
Numerator: [Abstract]
Net loss attributable to Ordinary shareholders, basic	$ (832)	$ (2,966)	$ (4,808)	$ (10,517)
Net loss attributable to Ordinary shareholders, diluted	$ (832)	$ (2,966)	$ (4,808)	$ (10,517)
Denominator: [Abstract]
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders, basic (in shares)	44,210,406	45,198,702	44,763,120	42,384,131
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders, diluted (in shares)	44,210,406	45,198,702	44,763,120	42,384,131
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.11)	$ (0.25)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.11)	$ (0.25)
Ordinary Shares [Member]
Numerator: [Abstract]
Net loss attributable to Ordinary shareholders, basic	$ (5,622)	$ (20,170)	$ (32,095)	$ (75,246)
Net loss attributable to Ordinary shareholders, diluted	$ (5,622)	$ (20,170)	$ (32,095)	$ (75,246)
Denominator: [Abstract]
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders, basic (in shares)	298,675,810	307,392,341	298,843,067	303,246,891
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders, diluted (in shares)	298,675,810	307,392,341	298,843,067	303,246,891
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.11)	$ (0.25)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.11)	$ (0.25)
Warrants [Member]
Antidilutive Securities [Abstract]
Antidilutive securities (in shares)	12,349,990	12,349,990	12,349,990	12,349,990
RSUs [Member]
Antidilutive Securities [Abstract]
Antidilutive securities (in shares)	29,023,527	25,936,360	29,241,690	26,166,672
Outstanding Share Options [Member]
Antidilutive Securities [Abstract]
Antidilutive securities (in shares)	19,553,542	31,565,977	20,506,933	28,164,922
Issuable Ordinary Shares Related to Business Combination Under Holdback Arrangement [Member]
Antidilutive Securities [Abstract]
Antidilutive securities (in shares)	387,600	1,356,592	710,601	1,679,592