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New YouGov Study Shows Only 25% of Advertisers are Ready for Cookie Deprecation, Advertisers Intend to Diversify Media Mixes in a Post-Cookie World

NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced results from study conducted on its behalf by YouGov, focused on advertiser reactions to cookie deprecation.

Advertisers are bracing for the cookieless world and despite a recent decision by Google to delay the cookie phaseout, advertisers still have questions about their readiness for the new world and the ultimate effect on business results it will have.

The new Taboola/YouGov study polled decision makers in advertising and marketing to understand their level of preparedness for cookie deprecation, the effect they anticipate it will have on their business, and how it will affect their decision to invest in certain advertising channels. Key highlights include:

  • Advertisers aren’t ready for the cookieless future and many agree with Google’s decision to delay the phaseout. Only 25 percent of advertisers are completely prepared for the cookie phaseout and 46 percent are happy with Google’s decision to delay the phaseout.
  • Advertisers will change the way they spend in a cookieless world. 44% of advertisers anticipate shifting advertising spend to different channels, as the cookie is phased out.
  • Advertisers see different channels as providing better performance and return on investment in a cookieless world. Search advertising and native advertising were among those ranked as the strongest.1

All figures, unless otherwise stated, are from YouGov Plc. The independent YouGov study was conducted on behalf of Taboola, and polled 202 decision makers in advertising and marketing, in companies with at least 100 employees. Fieldwork was conducted online, and was undertaken between 3rd - 9th May 2024. The figures are unweighted.

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 www.taboola.com 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.

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1 Outside of social media, advertisers think search advertising (59%) and digital native advertising (55%) were likely to provide the best performance/better return on investment.


Contact
Dave Struzzi
Dave.s@taboola.com

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