TRENOWATCH 11 2.2.2.8.8.6.6 P .... NYWHERE. MOVIES | the | 22 Tab99la ��@@0 What are Blue Zones and why they are the secret to ANYTHING. ANYWHERE. AGENDA 2 Q4 Updates & Momentum 1 3 ● Platform advantage driven by Taboola's technology (Brands & Agencies, Taboola News, Newsroom) EXPANDING EX-TAC MARGINS ex-TAC Margin By Year 40.00% 40.7% 37.3% 35.00% 32.3% <-TAC Marg 31.0% 30.00% 28.2% 27.0% 25.00% 22.5% 20.00% 18.8% 15.00% 2020A 2022A 2015A 2016A 2017A 2018A 2019A 2021A → Margins increase as competitive adva ...