everyone. morning, good and Adam, Thanks,
strong start Adam XXXX. As mentioned, we a had to
through double-digit Ex-TAC levels. million profit and accelerating advertisers benefit growth by year-over-year, XX% of available $XXX driven gross supply represented we as well $XXX in growth our million, approximately advertising were in having revenues our the was saw spend Yahoo as a was year-over-year. QX e-commerce of platform from by business. and as QX growth grew which growth accelerating Yahoo Ex TAC on-boarded XX% Our
included Yahoo's new note we in advertising financials the of that quarter. spend related note spend, each to our transitioning will organic in addition, party premium our brand as on financial platform demand outs. which saw of our as XX-Q, is and advertising from our well double-digit statements growth Taboola. call you In growth On One this strong
call and party traffic see For instance, our out revenue on we acquisition costs. you statement, related will income that
those revenue -- relatively traffic the for it through statement. supply. share revenue we might not spending disclosure understand. on quite is flows pay on you payables party is As the Yahoo!. guess, flow cost is -- This advertisers numbers The related in sheet of and the Yahoo! types simple simple. to cash as The are change party Yahoo! There acquisition X are related balance and payables to of to
DSP, These advertisers but revenue that are and multiple They formats is what omnichannel have appear we called Yahoo!, and on there are Yahoo! native. still platform, they by revenue are of First, all recognized advertising built as through the as native party revenue. historically advertisers. a Taboola the Taboola collected spent and so the display, video buy by are related
directly that or Yahoo customers customers native on been do appear spending type other the related The video Taboola Taboola there advertisers related customer spend but Yahoo!, revenue is parties, through spending since DSP. because Taboola advertiser they and they disclosure related party on supply note through Taboola advertiser that or the through related of advertiser They the of that amount are not historically small related also only are on. not Taboola. we've by these and to they platform that has Yahoo The second Yahoo! a party. now I from that spent an appear Taboola an is related in last advertiser transitioned formats billed not so in other historical do are collected that but not in brought historically Yahoo by now and other through are no revenue -- is is the the type to collected companies not display, was platform. party either other These of or through will party had now new is on revenue advertisers built
cash our party help ago Yahoo! also year to flow EBITDA, net the full the change preceded loss scheduled However, million, related higher primarily income net the explain related to Supply from million, stronger related these offset of the sheet to very adjusted was adjusted is the programming. regularly representing that EBITDA party benefit EBITDA through than flows the was get EBITDA the receivables and of line revenue into Yahoo!. and $XX.X will in due a expenses the of part In the that what also Yahoo! were our non-GAAP cash revenue. positive disclosures.Now in XX% are was margin. Year-over-year down, flow QX, party onboarding was me $XX.X transitions. $X.X million. was the related the a and back that period partially Free balance onboarding in the the which I small note to to which of forecasted Advertiser expenses by hope not related of let benefited our receivables. adjusted Adjusted in I statement
ex-TAC of happy our drove in associated Operating transitions especially inventory cost million catch costs are improving We performance the the as with QX, as advertiser Through costs, gaining that efficiency, very up from expansion. we expenses in which revenue we significant revenue year, and the margin QX. teams accelerating expect are Yahoo! the of $X up year-over-year the remainder a the the with Yahoo. onboard result to were will drive $XXX million -- addition of incurred
margin strong million included hold that income. of of $XX.X to expectations, to expect XXXX, flat of non-GAAP for to Despite of of expenses back of support the which compensation hiring growth million, all With long-term compensation is of still net ongoing million head adjusted discipline. net in peak continue GAAP our count approach onboarding $XX.X July intangibles Connect will of XXXX. Yahoo!, share-based EBITDA were continue QX focus discipline in roughly acquisition $X.X from we on million to to XX%. We excluded we related amortization $XX.X target our loss cost this our and expenses required and expense relative its the
Our $X.X income the range. was net guidance end high million of non-GAAP above our of
a generation, on free had publisher $XX.X $X.X cash interest of debt, million. which cash payments QX million operating which This our a net of and terms we cash million. includes long-term of of and of use $XX.X of flow prepayments, cash million flow $X.X In were in approximately cash in source were
the I have to cash turn lower balance prepayments previous note that of would net As fact that amortization prepayments.Let's were I in highlighted a historical to new the the prepayments than quarter were quarters, source sheet. publisher due this of
net cash that remains You can our healthy. see balance
the our short-term end loan share of the Cash end cash million above our $XXX.X short-term and even remained investments QX. of and of at long-term QX, and were million $XXX $XX.X of Our net position Cash remained positive repurchases. after equivalents million. plus cash equivalents cash at investments balance
announced and have outstanding $XX repurchase at our dilution was QX of least repurchased our end share our of stated maintain in Speaking offset We our we expansion initiated QX. previously our $XXX authorization When million under of buyback plan. shares $XX of million levels. any XXXX to at and repurchases, that million program, still we we intent of our issued shares
have lower exceeded the million issued the of we goal that our that see almost outstanding by and XXXX shares. can You than of as shares end at QX X were QX XXXX end
cash, In flow. operating organic able terms growth use our of be future to fund to from cash investments of our we continue
that shares. we our at long-term additional of As extent we our that down we to believe valuations, last the To free quarter, current flow cash debt. consider said best paying use buy back the deploy, to we is cash have will
specified working to has report capital. updated post As on repurchases the of that that must sufficient been a repurchases Taboola in still we Under process always, companies buybacks. strength intend no listed in buy days, share within upon Israel. conclude financial a securities contingent debt we Israeli and website to with also to outside of I'm test rules. that can as object Board notice back early availability new we both process the for the process, retirement Israel we if shares, begin share XX for our are requires creditors The like meet the and happy our the
back investor to guidance. you expectations shift Two intention forward-looking going us of let page.Now shares see included important to forward, our our guidance. in our notices to this are So buy may post me
to left the complete migration we be while there is by advertiser of will done, be Yahoo to the expect and work we XXXX. year, into middle this continue First, Yahoo significant ramping
investments advertising as Second, contextual the yield growth of with and data addition to to Yahoo network expect we in turn supply and our of the XXXX performance in positive fruit. our our volume bear increases other
profitability. mentioned, guidance line and to guidance we top reiterating start for are XXXX, implies This strong and with we are our improving As happy strong growth the I XXXX. very
represents billion to of expect at midpoint. $X.XX billion, $X.XX of We XX% revenue the which growth
$XXX We of profit million is at of the That to expect ex XX% million. TAC ex-TAC to year-over-year up profit and $XXX million gross $XXX midpoint. million gross roughly $XXX
of guidance XXXX. adjusted expectation reiterating flow will and cash adjusted are free of We EBITDA a of over our $XXX guidance XXXX both versus million EBITDA and million. cash roughly I that free the $XXX doubling over represents flow metrics note
income net are million $XX $XXX to expecting million we non-GAAP Finally, in of XXXX.
are guidance. introducing We also QX XXXX
profit million, ex million to $XX adjusted income $XXX $XXX million, positive of we quarter, and $XXX million of TAC $XXX This to of EBITDA $XX $X $XXX profit million gross gross to million. $XX revenues million net of to $XXX million million, to of expect non-GAAP
we me performance. happy finish that our first are very by Let quarter with saying
will be journey to that, And and web. are expecting for new to that to remarks. me we partnership in accelerating with in Apple Our supply closing growth in -- of Adam for pass XXXX, The becoming our and in is additional onboarding a is is some XXXX, scale let additional have accelerating the we must-buy forward we Yahoo! our the it as open part back towards advertisers made with I'm reach XXXX. looking in a the investments bringing growth financials consumers step looking the change
