10:26 AM EDT, 05/08/2024 (MT Newswires) -- Taboola.com ( TBLA ) shares were down 6.3% in recent Wednesday trading after the company reported Q1 financial results.

The company reported a Q1 net loss Wednesday of $0.08 per diluted share, narrowing from a loss of $0.09 a year earlier. Analysts polled by Capital IQ expected a loss of $0.08.

Revenue for the quarter ended March 31 was $414 million, up from $327.7 million a year earlier. Analysts expected $403.1 million.

For Q2, Taboola.com ( TBLA ) is projecting revenue of $410 million to $440 million. Analysts are looking for $433.4 million.

For 2024, the company is forecasting revenue between $1.89 billion and $1.94 billion. Analysts are looking for $1.92 billion.

Price: 4.25, Change: -0.29, Percent Change: -6.29