TBLA TABOOLA COM LTD

Bombas Teams with Taboola to Drive 300% Return on Ad Spend Using Taboola's Performance Advertising-Focused Bidding Technology Called Maximize Conversions

Bombas Teams with Taboola to Drive 300% Return on Ad Spend Using Taboola's Performance Advertising-Focused Bidding Technology Called Maximize Conversions

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced the results of a successful holiday advertising campaign with comfort-focused apparel brand , driving 300% Return On Ad Spend (ROAS) in November 2023.

Bombas, a trusted Taboola partner since 2016, is a comfort-focused apparel brand that donates a specially-designed item to those facing housing insecurity for every item sold. Ahead of the 2023 holiday season, Bombas set a goal to drive as many conversions as possible, keeping costs at a minimum.

To drive success, Bombas used Taboola’s , an automated bidding solution that enables advertisers to evolve beyond manual and time-consuming cost per click (CPC) bidding optimizations, in favor of simply specifying a budget and having Taboola’s algorithm automate the CPC bid to drive as many conversions as possible, while staying within budget. Through this, in Q4, Taboola was able to drive 224% total ROAS, 50% higher ROAS than the goal, and a $36 CPA, 49% lower than the goal.

The strong collaboration comes on the heels of successful between Taboola and Bombas in 2022, which drove over 50% ROAS.

“This standout holiday campaign showcased Taboola as a reliable partner for Bombas during pivotal periods, driving new customer acquisition effectively,” said Carolyn Dixon at Bombas. “It showcased Maximize Conversions as a valuable offering and Taboola's capability to assist Bombas in achieving conversions within budget constraints, optimizing campaign spending, and delivering strong performance on a significant scale.”

"Maximize Conversions continues to be used by top brands because it drives real advertiser success, and it’s great to see more of our longtime partners, like Bombas, adopting it,” said Adam Singolda, Founder and CEO of Taboola. “I’m excited about these results and Maximize Conversions being one of our most rapidly adopted offerings ever.”

About Taboola

Taboola powers recommendations for the open web, helping people discover things they may like.

The company’s platform, powered by artificial intelligence, is used by digital properties, including websites, devices and mobile apps, to drive monetization and user engagement. Taboola has long-term partnerships with some of the top digital properties in the world, including Yahoo, CNBC, BBC, NBC News, Business Insider, The Independent and El Mundo. 

Around 18,000 advertisers use Taboola to reach nearly 600 million daily active users in a brand-safe environment. Taboola is a leader in powering e-commerce recommendations, driving more than 1 million monthly transactions, with leading brands including Walmart, Macy’s, Skechers and eBay among key customers.

Learn more at and follow @taboola on Twitter.

Disclaimer - Forward-Looking Statements

Taboola (the “Company”) may, in this communication, make certain statements that are not historical facts and relate to analysis or other information which are based on forecasts or future or results. Examples of such forward-looking statements include, but are not limited to, statements regarding future prospects, product development and business strategies. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means for identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 under Part 1, Item 1A “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

About Bombas

Bombas is a comfort focused apparel brand with a mission to help those facing housing insecurity. The company launched in 2013, after the founders learned that socks are the #1 most requested clothing item at homeless shelters. From there, they set out to help solve that problem, donating a pair of socks for every pair they sell. How do you donate a lot of socks? You sell a lot. And how do you sell a lot? You make the most comfortable socks in the history of feet. Bombas continued to innovate and used its expertise in comfort to launch into apparel with underwear and t-shirts and now donates specially designed versions of the top 3 (#1 socks, #2 underwear, #3 t-shirts) most requested clothing items in homeless shelters. To date, Bombas has donated more than 100 million items to those facing housing insecurity. You can learn more at .

 



Media contact:
Dave Struzzi
 
EN
17/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TABOOLA COM LTD

 PRESS RELEASE

Taboola Introduces Taboola Select, Empowering Large Advertisers to Dri...

Taboola Introduces Taboola Select, Empowering Large Advertisers to Drive Performance Campaigns on a Curated Set of the World’s Most Trusted Publishers Advertisers Can Leverage Standalone, Brand Safe Inventory in High Visibility Ad Environments, on Premium Publishers including Yahoo, Business Insider, The Associated Press and more NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced Taboola Select, a new offering created exclusively for large advertisers that provides access to a curated selection of T...

 PRESS RELEASE

Bombas Teams with Taboola to Drive 300% Return on Ad Spend Using Taboo...

Bombas Teams with Taboola to Drive 300% Return on Ad Spend Using Taboola's Performance Advertising-Focused Bidding Technology Called Maximize Conversions NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced the results of a successful holiday advertising campaign with comfort-focused apparel brand , driving 300% Return On Ad Spend (ROAS) in November 2023. Bombas, a trusted Taboola partner since 2016, is a comfort-focused apparel brand that donates a specially-designed item to those facing housing insec...

 PRESS RELEASE

Taboola to Release First Quarter 2024 Financial Results and Host Earni...

Taboola to Release First Quarter 2024 Financial Results and Host Earnings Conference Call on May 8, 2024 NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced that it will release first quarter 2024 financial results on Wednesday, May 8, 2024 before market open, followed by a conference call and webcast at 8:30 a.m. ET that same day. Conference call details below: What: Taboola First Quarter 2024 Financial Results Conference Call When: Wednesday, May 8, 2024 at 8:30 a.m. ET Details: Taboola's s...

 PRESS RELEASE

Taboola Turnkey Commerce to Power New AP Buyline Offering From The Ass...

Taboola Turnkey Commerce to Power New AP Buyline Offering From The Associated Press NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced an update to its agreement with independent global news organization , whose website and mobile app garner over 160 million page views per month. Through the agreement, AP will use Taboola to power its new AP Buyline offering, which will provide consumer-focused content, including factual product reviews, created by Taboola’s editorial team. “We’re excited to offer a...

 PRESS RELEASE

Taboola Reports Strong Q4 Net Income and Adj. EBITDA; Profits Beat Hig...

Taboola Reports Strong Q4 Net Income and Adj. EBITDA; Profits Beat High End of Guidance for Q4 and FY 2023; 2024 Guidance Calls for Record Year With Substantial Growth Across All Key Metrics Key Highlights2023 Financials - strong exiting momentum sets Taboola up for great 2024 Q4 2023 Revenue +13%, Gross profit +4%, and ex-TAC Gross Profit +6% inline with guidance midpoint (including small impact from changes to Microsoft’s ad platform)Q4 2023 strong Net income, and Adj. EBITDA beat above high end of guidance range 2024 Financials - step function top line growth and massive Adj. EBITDA/mar...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch