Despite frequent criticism, the Israeli ad tech company Taboola's revenue is skyrocketing

• Despite absorbing a fair share of criticism, the content recommendation platform Taboola's growth has not slowed.
• The ad tech company, which uses widgets to place links on publisher websites to articles, videos and products, is projecting over $1 billion in revenue in 2018.
• It also reached nearly half of the world's desktop internet users in December (43.6%) according to comScore.
• Taboola has billed itself as an alternative to Google and Facebook over the years, attempting to own "discovery" as they own search and social advertising respectively, but it isn't necessarily going to be easy.

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The amount of revenue this content recommendation company expects to brings in this year will shock you.

From ads appearing alongside unsavory content to accusations of spreading fake news to old fashioned clickbait, ad tech platform Taboola is best known for delivering those ubiquitous "Sponsored Headlines" that appear near the bottom of many web pages has many critics.

But none of that seems to have had any bearing on the company's growth.

In fact, 10 year-old Taboola, which uses widgets to place links on publisher websites to articles, videos and products, is projecting over $1 billion in revenue as well as profitability in 2018, claiming that it powers more than 450 billion recommendations globally each month.

It has also expanded its footprint considerably. Taboola's recommendations reach nearly half of the world's desktop internet users (43.6%) according to comScore Key Measures rankings from December 2017, reaching 89%, 86% and 63.5% of all desktop users in the US, UK and Germany respectively.

Speaking to Business Insider, Taboola founder and CEO Adam Singolda attributed the growth to a combination of factors, including the success and adoption of its Taboola Feed and self-service platform products as well as international expansion.

"Our proposition has always been to aid the consumer discovery process in the open web," said Singolda. "Our growth shows that the open web is big and brands should diversify their advertising buckets and that publishers can achieve scale."

Hoping to help publishers feeling burned by Facebook

Over the years, Taboola has billed itself as an alternative to Google and Facebook, attempting to own "discovery" in the same way those two giants own search and social advertising respectively. Taboola has been advocating for its recommendation links to become an essential strategy for brands to reach quality audiences as they discover content on premium publisher sites.

The company's growth comes at a time when many publishers are facing the consequences of becoming overly reliant on distribution from digital giants like Facebook. Just last week, for instance, Facebook's most recent algorithm tweak forced female-focused digital publisher LittleThings to shutter, after its organic reach plummeted 75% as a direct result of the change.

Given the current environment, Singolda is more bullish than ever on wider adoption of Taboola's positioning and offerings.

"Both brands and publishers are increasingly realizing that they need to get intimate with a variety of technology that can help them diversify outside of search and social," he said. "It's never a good thing to be overly dependent on one thing."

To that end, it has invested in several new product offerings over the past year. It introduced Taboola Feed in May 2017 for example, mimicking Facebook and Instagram's feeds to serve relevant and personalized content to users in an infinite scroll on the open web.

Besides new product, Taboola plans to expand its employee base to 13,00 by the end of the year across its 13 offices around the globe.

Moving fast and breaking things

Still, it's not been entirely smooth-sailing for the company, and at a time when issues of ad fraud and brand safety continue to plague the industry, it is not necessarily going to be easy ahead either.

Just last week, Taboola found itself in hot water when it was associated with controversial site Infowars, which alleged that the recent Parkland school shooting was a "deep state false flag operation." The site was running a native ad widget from Taboola due to a partnership with a third party vendor, which was later removed in accordance with Taboola's policy to not work with publishers that intentionally deceive or harm consumers.

"Do I think we made a mistake? - Absolutely, it was a fuck-up, no doubt. But companies make mistakes when they are moving fast and innovating," said Singolda. "But there's a clear distinction between intent and making a mistake. We made a mistake, but our intent was never wrong."