Artificial Intelligence

Taboola Beats Q2 Guidance, Raises Expectations for Rest Of The Year and 2022

Published

3 years ago

August 11, 2021

NEW YORK, Aug. 10, 2021 (GLOBE NEWSWIRE) — Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, helping people discover things they may like, today announced its results for the quarter ended June 30, 2021.

“We went public over one month ago, and we recently announced that we are acquiring Connexity for $800M to bring e-Commerce to the open web in a big way, and we had strong momentum in Q2,” said Adam Singolda, Founder & CEO, Taboola. “I’m pleased to share that our Q2 results included growth and profits above our expectations as we continue to grow our publisher partners, with new partnerships with publications such as BBC, Hearst, SheMedia and others. We’re also seeing growth of premium demand coming from agencies and brands such as video and native branding on premium supply, including placements like middle of article, homepages and section fronts. We are focused on executing on our plans and delivering on our commitments, and these results give us confidence to increase our 2021 guidance across all measures, including growing ex-TAC Gross Profit 22 to 23% for the year. With Connexity, we are positioning ourselves for an even stronger future by expanding our addressable market, scaling our offering to align with the direction of the open web, and hiring incredible talent. Amazon has millions of merchants, but merchants mainly have Amazon. That changes now.”

For more commentary on the quarter, please refer to Taboola’s Q2 2021 Shareholder Letter, which was furnished to the SEC and also posted on Taboola’s website today at https://investors.taboola.com.

Second Quarter 2021 Results Summary (unaudited)

	Three Months Ended
	June 30,
(dollars in thousands)	2021			2020

Revenues	$	329,072		$	267,668

Gross Profit	$	100,245		$	84,104

Net Income (loss)¹	$	(61,416	)	$	12,905

Ratio of Net income (loss) to Gross profit		(61.3)	%		15.30	%

Cash Flow from Operations	$	23,083		$	36,834

Cash, cash equivalents and short-term deposits	$	585,243		$	152,740

Non-GAAP Financial Data*

ex-TAC Gross Profit	$	116,870		$	98,885

Adjusted EBITDA	$	40,802		$	34,865

Ratio of Adjusted EBITDA to ex-TAC Gross Profit		34.9	%		35.3	%

Free Cash Flow	$	6,945		$	33,177

¹For the 2021 periods, a substantial majority is Share-based compensation expenses related to going public.

Second Quarter Financial Highlights

Q2 results exceeded guidance across all measures
- Revenues of $329 million versus guidance of $315 to $320 million.
- Gross Profit of $100 million versus guidance of $88 to $95 million.
- ex-TAC Gross Profit of $117 million versus guidance of $108 to $113 million.
- Adjusted EBITDA of $41 million versus guidance of $34 to $36 million.
Revenue grew $61 million or 22.9% year-over-year.
- New digital property partners¹ drove $23 million of growth
- Existing digital property partners² grew $38 million which translates to net dollar retention³ (NDR) of 114% and reflects strong improvement in yield as well as lower demand in the prior year due to COVID.
Gross Profit grew $16.1 million or 19.2% year-over-year and ex-TAC Gross Profit grew $18 million or 18.2% year-over-year.
- In each case, the increase in gross profit was driven primarily by growth from new digital property partners,¹ and growth from existing digital property partners that was driven by strong improvements in yield. These gains year over year were partially offset by the withholding in the prior year of $10 million in guarantee TAC payments to publishers that we subsequently volunteered to pay in the fourth quarter of 2020.
Operating expenses grew $87.8 million or 133.2% year-over-year. Excluding higher share based compensation of $76.0 million year over year, mostly triggered from going public, operating expenses grew $11.8 million or 18.5% year-over-year. This increase was driven by:
- An $0.2M increase in research and development as increases in headcount were partially offset by lower depreciation related to timing of new server investments. We continue to invest in our proprietary, deep learning data engine as well as new products and tools to support our publishers and advertisers.
- An $3.6M increase in sales and marketing expenses to support our business growth.
- An $8.0M increase in general and administrative expenses related to public company investments and a partial return to more normal operations following the COVID pandemic.
Net loss of $61.4 million was $74.3 million lower year over year primarily driven by the higher share based compensation. Adjusted EBITDA of $40.8 million increased by $5.9 million year over year driven by the higher revenue.
- Net income (loss) to Gross profit Margin was (61.3)% and the Ratio of Adjusted EBITDA to ex-TAC Gross Profit was 34.9%.
GAAP EPS was $(1.39) in Q2. The EPS was based on GAAP shares outstanding of 48.5 million.
Our fully diluted shares outstanding to start Q3 2021 is estimated to be approximately 256 million.
Cash Flow from Operations of $23.1 million and Free Cash Flow of $6.9 million declined year over year driven by higher purchases of property and equipment and changes in working capital.

¹New digital property partners within the first 12 months that were live on our network

²Net growth of existing digital property partners, including the growth of new digital property partners (beyond the revenue contribution determined based on the run-rate revenue generated by them when they are first on-boarded)

³Net Dollar Retention is the net growth of existing digital property partners for the given period divided by the revenues from the same period in the prior-year.

Third Quarter 2021 and Full Year 2021 Guidance

The Company’s strong Second Quarter results provide us confidence to raise our Third Quarter and Full Year 2021 guidance above our previous projections and guidance. Our guidance does not incorporate our pending acquisition of Connexity which is expected to close in the third quarter. Including Connexity, we expect in 2022 to grow ex-TAC Gross Profit over 30% on a reported, non-pro forma basis and 17%+ on a pro forma basis, above our previous standalone expectation to grow ex-TAC Gross Profit 16% in 2022. For Taboola as a standalone company, we expect the following.

For the Third Quarter 2021, the Company currently expects:

Revenues of $325 to $328 million
Gross Profit of $95 to $98 million
ex-TAC Gross Profit of $115 to $117 million
Adjusted EBITDA of $33 to $34 million

For the Full Year 2021, the Company currently expects:

(dollars in millions)	Increased Guidance (as of 8/10/21)	Year over Year Growth	Previous Guidance (as of 5/17/21)
Revenues	$1,316 to $1,323	~11%	$1,298 to $1,308
Gross Profit	$390 to $396	22% to 24%	$374 to $386
ex-TAC Gross Profit	$468 to $472	22% to 23%	$456 to $466
Adjusted EBITDA	$150 to $153	41% to 44%	$140 to $150

Although we provide guidance for Adjusted EBITDA, we are not able to provide guidance for projected Net income (loss), the most directly comparable GAAP measures. Certain elements of Net income (loss), including share-based compensation expenses, are not predictable due to the high variability and difficulty of making accurate forecasts. As a result, it is impractical for us to provide guidance on Net Income (loss) or to reconcile our Adjusted EBITDA guidance without unreasonable efforts. Consequently, no disclosure of projected Net income (loss) is included. For the same reasons, we are unable to address the probable significance of the unavailable information.

Our guidance assumes that the global economy continues to recover, with no major COVID-19 related setbacks that may cause economic conditions to deteriorate or significantly reduce advertiser demand.

Webcast Details

Taboola’s senior management team will discuss the Company’s earnings on a call that will take place tomorrow, August 11, 2021, at 8:30 AM ET. The call can be accessed via webcast at https://investors.taboola.com, or by conference call by dialing (877) 312-1874, or (470) 495-9527 for international callers, and entering the conference ID 7791954. The webcast will be available for replay for one year, through the close of business on August 11, 2022.

*About Non-GAAP Financial Information

This press release includes ex-TAC Gross Profit, Adjusted EBITDA, Ratio of Adjusted EBITDA to ex-TAC Gross Profit and Free Cash Flow, which are non-GAAP financial measures. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to revenues, gross profit, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company’s presentation of these measures may not be comparable to similarly-titled measures used by other companies.

The Company believes non-GAAP financial measures provide useful information to management and investors regarding future financial and business trends relating to the Company. The Company believes that the use of these measures provides an additional tool for investors to use in evaluating operating results and trends and in comparing the Company’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures are subject to inherent limitations because they reflect the exercise of judgments by management about which items are excluded or included in calculating them. Please refer to the appendix at the end of this press release for reconciliations to the most directly comparable measures in accordance with GAAP.

Note Regarding Forward-Looking Statements

Certain statements in this press release are forward-looking statements. Forward-looking statements generally relate to future events including future financial or operating performance of Taboola.com Ltd. (the “Company”). For example, the expected timing and completion of the pending acquisition of Connexity and guidance for the third quarter of and Full Year 2021, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Uncertainties and risk factors that could affect the Company’s future performance and cause results to differ from the forward-looking statements in this presentation include, but are not limited to: the ability to recognize the anticipated benefits of the recent transaction between the Company and ION Acquisitions Corp. 1 Ltd. (the “Business Combination”), which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; costs related to the Business Combination; changes in applicable laws or regulations; the Company’s estimates of expenses and profitability and underlying assumptions with respect to shareholder redemptions and purchase price and other adjustments; ability to attract new digital properties and advertisers; ability to meet minimum guarantee requirements in contracts with digital properties; intense competition in the digital advertising space, including with competitors who have significantly more resources; ability to grow and scale the Company’s ad and content platform through new relationships with advertisers and digital properties; ability to secure high quality content from digital properties; ability to maintain relationships with current advertiser and digital property partners; ability to make continued investments in the Company’s AI-powered technology platform; the need to attract, train and retain highly-skilled technical workforce; changes in the regulation of, or market practice with respect to, “third party cookies” and its impact on digital advertising; continued engagement by users who interact with the Company’s platform on various digital properties; the impact of the ongoing COVID-19 pandemic; reliance on a limited number of partners for a significant portion of the Company’s revenue; changes in laws and regulations related to privacy, data protection, advertising regulation, competition and other areas related to digital advertising; ability to enforce, protect and maintain intellectual property rights; and risks related to the fact that we are incorporated in Israel and governed by Israeli law; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s registration statement on Form F-4 relating to the Business Combination filed on April 30, 2021, and in subsequent filings with the Securities and Exchange Commission (“SEC”), including the final prospectus/proxy statement relating to the Business Combination.

Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no duty to update these forward-looking statements except as may be required by law.

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 CNBC, NBC News, Business Insider, The Independent and El Mundo. More than 13,000 advertisers use Taboola to reach over 500 million daily active users in a brand-safe environment. The company has offices in 15 cities worldwide, including New York and Tel Aviv.

Learn more at www.taboola.com and follow @taboola on Twitter.

Investor Contact:	Press Contact:
Jennifer Horsley	Ran Gishri
[email protected]	[email protected]

CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands, except share and per share data

	June 30,			December 31,
		2021			2020
	Unaudited			Audited

ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	585,243		$	242,811
Restricted deposits		1,061			3,664
Trade receivables		139,019			158,050
Prepaid expenses and other current assets		37,636			21,609
Total current assets		762,959			426,134
NON-CURRENT ASSETS
Long-term prepaid expenses		20,923			5,289
Restricted deposits		3,367			3,300
Deferred tax assets		2,281			1,382
Right of use assets		58,385			68,058
Property and equipment, net		58,310			52,894
Intangible assets, net		2,627			3,905
Goodwill		19,206			19,206
		165,099			154,034
Total assets		928,058			580,168


CONSOLIDATED BALANCE SHEETS (continued)
U.S. dollars in thousands, except share and per share data

	June 30,			December 31,
		2021			2020
	Unaudited			Audited

LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade payable	$	157,658		$	189,352
Lease liability		15,287			15,746
Accrued expenses and other current liabilities		101,029			95,135
Total current liabilities		273,974			300,233

LONG TERM LIABILITIES
Deferred tax liabilities		27			45
Warrant liability		54,155			–
Lease liability		52,564			63,044
Total long-term liabilities		106,746			63,089

CONVERTIBLE PREFERRED SHARES
Preferred A, B, B-1, B-2, C, D and E shares with no par value – Authorized: 123,389,750 shares at December 31, 2020; Issued and outstanding: 121,472,152 shares at December 31, 2020: Aggregate liquidation preference of 308,765 as of December 31, 2020.		–			170,206

SHAREHOLDERS’ EQUITY
Ordinary shares with no par value- Authorized: 700,000,000 and 176,535,661 shares as of June 30 , 2021 and December 31, 2020 respectively; 211,198,259 and 41,357,049 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively.		–			–
Additional paid-in capital		621,664			78,137
Accumulated deficit		(74,326	)		(31,497	)
Total shareholders’ equity		547,338			46,640
Total liabilities, convertible preferred shares, and shareholders’ equity	$	928,058		$	580,168

CONSOLIDATED STATEMENTS OF INCOME (LOSS)
U.S. dollars in thousands, except share and per share data

	Three months ended June 30,						Six months ended June 30,
		2021			2020			2021			2020
	Unaudited						Unaudited

Revenues	$	329,072		$	267,668		$	632,022		$	547,014
Cost of revenues:
Traffic acquisition cost		212,202			168,783			409,238			379,161
Other cost of revenues		16,625			14,781			33,040			30,973
Total cost of revenues		228,827			183,564			442,278			410,134
Gross profit		100,245			84,104			189,744			136,880
Operating expenses:
Research and development expenses		30,050			21,908			53,943			43,907
Sales and marketing expenses		69,136			31,396			103,444			66,832
General and administrative expenses		54,468			12,576			64,144			27,755
Total operating expenses		153,654			65,880			221,531			138,494
Operating income (loss) before finance expenses		(53,409	)		18,224			(31,787	)		(1,614	)
Finance expenses, net		(85	)		(654	)		(883	)		(206	)
Income (loss) before income taxes		(53,494	)		17,570			(32,670	)		(1,820	)
Provision for income taxes		(7,922	)		(4,665	)		(10,159	)		(9,128	)
Net income (loss)	$	(61,416	)	$	12,905		$	(42,829	)	$	(10,948	)
Less: Undistributed earnings allocated to participating securities		(6,029	)		(5,646	)		(11,944	)		(11,228	)
Net Income (loss) attributable to ordinary shares – basic and diluted		(67,445	)		7,259			(54,773	)		(22,176	)
Net income (loss) per share attributable to ordinary shareholders, basic	$	(1.39	)	$	0.19		$	(1.18	)	$	(0.54	)
Weighted-average shares used in computing net income (loss) per share attributable to ordinary shareholders, basic		48,518,124			37,895,239			46,351,830			41,217,908
Net income (loss) per share attributable to ordinary shareholders, diluted	$	(1.39	)	$	0.12		$	(1.18	)	$	(0.54	)
Weighted-average shares used in computing net income (loss) per share attributable to ordinary shareholders, diluted		48,518,124			60,096,610			46,351,830			41,217,908

SHARE BASED COMPENSATION BREAK-DOWN BY EXPENSE LINE
U.S. dollars in thousands

	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
	(unaudited)		(unaudited)
Cost of revenues	455	111	580	252
Research and development	8,947	1,037	12,385	2,051
Sales and marketing	35,040	919	36,171	1,897
General and administrative	34,081	156	34,518	293
Total share-based compensation expense	78,523	2,223	83,654	4,493

CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands, except share and per share data

	Three months ended June 30,						Six months ended June 30,
		2021			2020			2021			2020
	Unaudited						Unaudited
Cash flows from operating activities:

Net income (loss)	$	(61,416	)	$	12,905		$	(42,829	)	$	(10,948	)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:
Depreciation and amortization		8,646			9,076			16,890			18,827
Share based compensation expenses		78,523			2,223			83,654			4,493
Net loss (gain) from financing expenses		(2,970	)		(517	)		(1,357	)		824
Increase in deferred taxes, net		(1,693	)		(890	)		(917	)		(1,456	)
Revaluation of the warrant liability		272						272
Accrued interest, net		–			155			–			332

Change in operating assets and liabilities:
Decrease (increase) in trade receivables		(13,410	)		18,248			19,031			43,296
Decrease (increase) in prepaid expenses and other current assets and long-term prepaid expenses		(16,998	)		9,069			(33,757	)		14,985
Increase (decrease) in trade payable		16,497			(30,722	)		(31,025	)		(35,535	)
Increase in accrued expenses and other current liabilities		15,671			16,578			5,284			14,333
Change in operating lease Right of use assets		3,659			3,343			7,291			6,639
Change in operating Lease liabilities		(3,698	)		(2,634	)		(8,557	)		(7,948	)
Net cash provided by operating activities		23,083			36,834			13,980			47,842

Cash flows from investing activities
Purchase of property and equipment, including capitalized platform costs		(16,138	)		(3,657	)		(21,675	)		(10,634	)
Cash paid in connection with acquisitions		–			–			–			(202	)
Decrease (increase) in restricted deposits		(118	)		(12,965	)		2,536			(2	)
Decrease in short-term deposits		–			24,968			–			24,964
Net cash provided by (used in) investing activities		(16,256	)		8,346			(19,139	)		14,126

Cash flows from financing activities
Exercise of options		1,368			400			4,919			677
Issuance of share, net of offering costs		290,908			–			287,432			–
Issuance of warrant		53,883						53,883
Net cash provided by financing activities		346,159			400			346,234			677
Exchange differences on balances of cash, cash equivalents		2,970			517			1,357			(824	)

Increase in cash, cash equivalents		355,956			46,097			342,432			61,821
Cash, cash equivalents – at the beginning of the period		229,287			102,644			242,811			86,920
Cash, cash equivalents – at end of the period	$	585,243		$	148,741		$	585,243		$	148,741

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
U.S. dollars in thousands, except share and per share data
	Three months ended June 30,				Six months ended June 30,
		2021		2020		2021		2020
	(unaudited)				(unaudited)
Supplemental disclosures of cash flow information:

Cash paid for income taxes	$	4,502	$	431	$	5,831	$	963
Supplemental disclosures of noncash investing and financing activities:
Deferred offering costs incurred during the period included in the Long-term prepaid expenses	$	2,950	$	–	$	2,950	$	–

Purchase of property, plant and equipment	$	966	$	3,030	$	966	$	3,030

APPENDIX: Non-GAAP Reconciliation

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES FOR Q2 2021

(Unaudited)

The following table provides a reconciliation of Revenues to ex-TAC Gross Profit.

	Three Months Ended June 30,				Six Months Ended June 30,
		2021		2020		2021		2020
	(unaudited)				(unaudited)
	(dollars in thousands)				(dollars in thousands)
Revenues	$	329,072	$	267,668	$	632,022	$	547,014
Traffic acquisition cost		212,202		168,783		409,238		379,161
Other cost of revenues		16,625		14,781		33,040		30,973
Gross Profit	$	100,245	$	84,104	$	189,744	$	136,880
Add back: Other cost of revenues		16,625		14,781		33,040		30,973
ex-TAC Gross Profit	$	116,870	$	98,885	$	222,784	$	167,853

The following table provides a reconciliation of Net income (loss) to Adjusted EBITDA.

	Three Months Ended June 30,					Six Months Ended June 30,
		2021			2020		2021			2020
	(unaudited)					(unaudited)
	(dollars in thousands)					(dollars in thousands)
Net income (loss)	$	(61,416	)	$	12,905	$	(42,829	)	$	(10,948	)
Adjusted to exclude the following:
Financial expenses, net		85			654		883			206
Tax expenses		7,922			4,665		10,159			9,128
Depreciation and amortization		8,646			9,076		16,890			18,827
Share-based compensation expenses⁽¹⁾		78,523			2,223		83,654			4,493
M&A costs⁽²⁾		7,042			5,342		5,588			11,439
Adjusted EBITDA	$	40,802		$	34,865	$	74,345		$	33,145

¹For the 2021 periods, a substantial majority is Share-based compensation expenses related to going public.

²For 2020 periods, represents costs associated with the proposed strategic transaction with Outbrain Inc.which we elected not to consummate, and for 2021 periods, relates to the acquisition of ION Acquisition Corp. 1 Ltd. and going public.

We calculate Ratio of Net income (loss) to Gross profit as Net income (loss) divided by Gross profit. We calculate Ratio of Adjusted EBITDA to ex-TAC Gross Profit, a non-GAAP measure, as Adjusted EBITDA divided by ex-TAC Gross Profit. We believe that the Ratio of Adjusted EBITDA to ex-TAC Gross Profit is useful because TAC is what we must pay digital properties to obtain the right to place advertising on their websites, and we believe focusing on ex-TAC Gross Profit better reflects the profitability of our business. The following table reconciles Ratio of Net income (loss) to Gross Profit and Ratio of Adjusted EBITDA to ex-TAC Gross Profit for the period shown.

	Three Months Ended June 30,						Six Months Ended June 30,
		2021			2020			2021			2020
	(unaudited)						(unaudited)
	(dollars in thousands)						(dollars in thousands)
Gross profit	$	100,245		$	84,104		$	189,744		$	136,880
Net income (loss)	$	(61,416	)	$	12,905		$	(42,829	)	$	(10,948	)
Ratio of Net income (loss) to Gross profit		(61.3	)%		15.3	%		(22.6	)%		(8.0	)%

ex-TAC Gross Profit	$	116,870		$	98,885		$	222,784		$	167,853
Adjusted EBITDA	$	40,802		$	34,865		$	74,345		$	33,145
Ratio of Adjusted EBITDA Margin to ex-TAC Gross Profit		34.9	%		35.3	%		33.4	%		19.7	%

The following table provides a reconciliation of Net cash provided by operating activities to Free Cash Flow.

	Three Months Ended June 30,						Six Months Ended June 30,
		2021			2020			2021			2020
	(unaudited)						(unaudited)
	(dollars in thousands)						(dollars in thousands)
Net cash provided by operating activities	$	23,083		$	36,834		$	13,980		$	47,842
Purchases of property and equipment, including capitalized platform costs		(16,138	)		(3,657	)		(21,675	)		(10,634	)
Free Cash Flow	$	6,945		$	33,177		$	(7,695	)	$	37,208

APPENDIX: Non-GAAP Reconciliation

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES FOR Q3 2021 and FULL YEAR 2021 GUIDANCE

(Unaudited)

The following table provides a reconciliation of Gross Profit to ex-TAC Gross Profit.

	Q3 2021	FY 2021
	(unaudited)
	(dollars in millions)
Revenues	$325 – $328	$1,316 – $1,323
Traffic acquisition cost	($210 – $211)	($848 – $851)
Other cost of revenues	($19 – $20)	($75 – $77)
Gross Profit	$95 – $98	$390 – $396
Add back: Other cost of revenues	$19 – $20	$75 – $77
ex-TAC Gross Profit	$115 – $117	$468 – $472

Related Topics:AI Artificial Intelligence Machine learning

Up Next

Global X-Ray Security Screening Systems Market Is Expected to Reach USD 4.67 billion by 2028 : Fior Markets

Don't Miss

10X Capital Venture Acquisition Corp. II Announces Pricing of $200 Million Initial Public Offering

GlobeNewswire

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

RepTrak Announces 2024 Global RepTrak® 100 Report

Published

8 hours ago

April 18, 2024

CISION (PR Newswire)

BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.

After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
Logo – https://mma.prnewswire.com/media/2391550/RepTrak_Logo_Logo.jpg
Photo – https://mma.prnewswire.com/media/2391551/2024_GRT_Spreads__Instagram_Post.jpg

View original content:https://www.prnewswire.co.uk/news-releases/reptrak-announces-2024-global-reptrak-100-report-302121513.html

Artificial Intelligence

Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost

Published

10 hours ago

April 18, 2024

CISION (PR Newswire)

group-ib-takes-part-in-a-global-operation-to-cripple-canadian-phishing-as-a-service-provider-labhost

SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.

“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
For media inquiries, please contact [email protected]
Photo – https://mma.prnewswire.com/media/2391017/Group_IB.jpgPhoto – https://mma.prnewswire.com/media/2391018/Group_IB_2.jpgLogo – https://mma.prnewswire.com/media/1853638/4657466/Group_IB_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/group-ib-takes-part-in-a-global-operation-to-cripple-canadian-phishing-as-a-service-provider-labhost-302121388.html

Artificial Intelligence

Malaysia Data Center Market to Witness $3.97 Billion Investment Opportunities by 2029, Get Insights on 34 Existing Data Centers and 33 Upcoming Facilities across Malaysia – Arizton

Published

10 hours ago

April 18, 2024

CISION (PR Newswire)

malaysia-data-center-market-to-witness-$3.97-billion-investment-opportunities-by-2029,-get-insights-on-34-existing-data-centers-and-33-upcoming-facilities-across-malaysia-–-arizton

CHICAGO, April 18, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Malaysia data center market is growing at a CAGR of 13.92% during the forecast period.

To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Malaysia Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 3.97 Billion (2029)
Market Size (Area)
883 Thousand Sq. Feet (2029)
Market Size (Power Capacity)
163 MW (2029)
CAGR Investment (2023-2029)
13.92 %
Colocation Market Size (Revenue)
USD 1.23 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Over the next few years, Malaysia is poised to witness significant growth in data center investments, driven by the influx of operators like AirTrunk, Equinix, Princeton Digital Group, and other leading companies. Key hubs like Cyberjaya, Kuala Lumpur, and Johor Bahru are expected to see heightened activity, hosting most of the country’s data centers.
The wholesale colocation sector is projected to experience a revenue surge fueled by major cloud players like Microsoft, Google, and AWS. These companies have unveiled plans to establish dedicated cloud regions within Malaysia, with expected timelines for deployment within the next one to two years. This trend underscores Malaysia’s growing importance as a regional hub for data infrastructure and cloud services.
Malaysia is among the top expensive markets globally for developing data centers. Malaysia’s data center construction cost in 2023 stood at about $8.5-$10 million per MW, making it the costliest market in the APAC region after Singapore and Jakarta.
Investment Opportunities in the Malaysia Data Center Market
In November 2023, ST Telemedia Global Data Centres announced its plans to develop a new data center campus in Johor. The construction of the first building is likely to begin soon and become operational by 2025. The company formed a joint venture with Basis Bay to develop a new data center campus with two buildings, Cyberjaya DC.2 and STT Kuala Lumpur 1 in Cyberjaya, Selangor.In October 2023, EDGNEX Data Centres by DAMAC announced its plans to enter the APAC market for the first time; the company is considering a facility in Cyberjaya, Selangor. The expected investment can cross the $52 million mark.In October 2023, Infinaxis Data Centre Holdings, the joint venture between Gaw Capital Partners and A3 Capital, announced the construction of its first data center facility in Cyberjaya. The facility will have 10 data halls and will likely be operational by Q2 2025.In September 2023, EdgeConneX announced its plans to expand its footprint in Malaysia with the development of three data centers sites across Bukit Jalil, Kuala Lumpur, and Cyberjaya. The company plans to develop data centers in partnership with Cyberview.To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Market Trends
According to IRENA, in 2022, hydroenergy accounted for around 69% of the renewable energy capacity in Malaysia, followed by solar energy, which contributed about 21%, along with a 10% contribution by bioenergy.Malaysia aims to achieve the target of net-zero carbon emissions by 2050. To make this goal a reality, WWF-Malaysia is partnering with Boston Consulting Group to develop an independent joint study on the country’s optimal net zero pathway.The government of Malaysia has established a green tariff scheme to support its carbon-neutrality target. Under the scheme, subscribers can get electricity from solar or hydro sources instead of fossil fuel sources.Mergers, acquisitions, joint ventures, and partnerships are key strategies employed by operators to expand their portfolios and global footprint. For example:
In December 2023, Chindata Group merged with BCPE Chivalry Merger Sub, a wholly owned subsidiary of BCPE Chivalry Bidco, completing its transition to a private company from a public one.November 2023 saw ST Telemedia Global Data Centres, in a joint venture with Basis Bay, announcing plans to develop a new data center campus with two buildings in Cyberjaya, Selangor.A3 Capital and Gaw Capital Partners formed a joint venture in February 2023 to establish Infinaxis Data Centre Holdings to develop and operate data centers across Malaysia and Southeast Asia.MN Holdings, an engineering services and solutions company, signed a Memorandum of Understanding (MoU) in April 2023 with Shanghai DC-Science, outlining an investment of approximately $600 million to develop a data center site at the Sedenak Tech Park, Johor.Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and Malaysia colocation market revenue.An assessment of the data center investment in Malaysia by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing Malaysia data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in MalaysiaFacilities Covered (Existing): 34Facilities Identified (Upcoming): 33Coverage: 9 LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in MalaysiaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe Malaysia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Post-Purchase Benefit                            
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsSwitches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC and CRAHChillersCooling Tower and Dry CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesBuilding & Engineering DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IV GeographySelangorJohorOther StatesVendor Landscape
IT Infrastructure Providers
Cisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseHuawei TechnologiesIBMInspurLenovoNetAppData Center Construction Contractors & Sub-Contractors
Advance Power EngineeringAsima ArchitectsAVO TechnologyB-Global TechCTC-GlobalCSF GroupCyclect GroupDSCO GroupGamudaGCM TechnologiesHSS EngineersISGKienta Engineering ConstructionLSK EngineeringMES GroupM+W Group (Exyte)MN HoldingsNakanoNTT FACILITIESPowerware SystemsS5 EngineeringShaw ArchitectSunway Construction GroupUnique CentralSupport Infrastructure Providers
ABBCaterpillarCumminsEatonFuji ElectricHITEC Power ProtectionKOHLER PowerLegrandMitsubishi ElectricNarada Power SourcePiller Power SystemsRittalRolls-RoyceSchneider ElectricSiemensSocomecSTULZTraneVertivData Center Investors
Bridge Data CentresEdge CentresGDS ServicesIRIX (PP TELECOMMUNICATION)Keppel Data CentresNTT DATAOpen DCTM OneVantage Data CentersYTL Data Center HoldingsNew Entrants
AirTrunkAmazon Web Services (AWS)EdgeConneXEquinixFutureData (Cyclect Group + TSG Group)Googlei-BerhadInfinaxis Data Centre HoldingsMN Holdings + Shanghai DC-ScienceMicrosoftNEXTDCPrinceton Digital GroupRegal OrionSingtelST Telemedia Global Data CentresYondrTo Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Key Questions Answered in the Report:  
What factors are driving the Malaysian data center industry?
How big is the Malaysia data center market?
How many MW of power capacity will be added across Malaysia during 2024 to 2029?
What is the growth rate of the Malaysia data center market?
Which states are included in the Malaysia data center market report?
Get the Detailed TOC @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Check Out Some of the Top-Selling Research Reports:
Indonesia Data Center Market – Investment Analysis & Growth Opportunities 2024-2029
Thailand Data Center Colocation Market – Supply and Demand Analysis 2024-2029
Singapore Data Center Market – Investment Analysis & Growth Opportunities 2023-2028
Australia Data Center Market – Investment Analysis & Growth Opportunities 2023–2028
Why Arizton?
100% Customer Satisfaction                     
24×7 availability – we are always there when you need us                     
200+ Fortune 500 Companies trust Arizton’s report                     
80% of our reports are exclusive and first in the industry                     
100% more data and analysis                     
1500+ reports published till date                      
About Us:                                                          
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.                                                        
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.                                                         
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.                                                               
Contact UsCall: +1-312-235-2040                                                                  +1 302 469 0707                                                      Mail: [email protected]                                                        Contact Us: https://www.arizton.com/contact-us                                                        Blog: https://www.arizton.com/blog                                                        Website: https://www.arizton.com/
Photo: https://mma.prnewswire.com/media/2390971/Malaysia_Data_Center_Market.jpgLogo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/malaysia-data-center-market-to-witness-3-97-billion-investment-opportunities-by-2029–get-insights-on-34-existing-data-centers-and-33-upcoming-facilities-across-malaysia—arizton-302120944.html

arm-ceo-rene-haas-will-be-delivering-a-partner’s-event-speech-at-computex-2024

Uncategorized7 days ago

Arm CEO Rene Haas will be delivering a Partner’s Event Speech at COMPUTEX 2024

Artificial Intelligence6 days ago

In-Depth Analysis of Germany and France Data Center Markets: Germany Poised to Contribute Over $12.24 Billion Opportunities in the Next 6 Years – Arizton