Welcome to our dedicated page for PubMatic news (Ticker: PUBM), a resource for investors and traders seeking the latest updates and insights on PubMatic stock.
PubMatic, Inc. (NASDAQ: PUBM) is a leading marketing automation software company that specializes in serving premium publishers. Headquartered in Redwood City, California, PubMatic empowers publishers to maximize their revenue through real-time analytics, yield management, and workflow automation.
With a focus on providing flexibility in audience discovery and media planning, PubMatic's platform offers a single view into advertiser relationships across all screens, channels, and formats. This makes it easier for publishers to make informed inventory decisions and improve their revenue performance.
PubMatic has achieved significant milestones, including being ranked by Deloitte as one of the fastest-growing companies in the U.S. for four consecutive years up to 2015. The company operates globally with offices in various locations, ensuring comprehensive support and service to its clients worldwide.
In recent developments, PubMatic has expanded its product offerings by launching innovative tools like Activate and Convert. These products help publishers and advertisers navigate the complex and fragmented digital advertising landscape. The company has also reinforced its engineering and sales teams, aiming to boost technological innovation and client relationships.
PubMatic's partnerships with industry giants like Instacart and Roblox reflect its commitment to providing scalable, privacy-compliant solutions in digital advertising. By leveraging first-party data and machine learning AI technology, PubMatic ensures robust user privacy while driving measurable advertising outcomes.
Financially, PubMatic stands out for its strong profitability, high margins, zero debt, and significant free cash flow. The company reported a record revenue of $267 million in 2023 and plans to continue investing in growth initiatives to enhance its market presence and customer value.
Overall, PubMatic is a pivotal player in the digital advertising ecosystem, helping publishers and advertisers achieve their business objectives through innovative, transparent, and efficient solutions.
PubMatic and GroupM are expanding their global partnership to enhance GroupM Premium Marketplace (GPM) in the Latin America region. The expansion will provide GroupM clients with direct access to PubMatic's publisher inventory, offering a unified approach to programmatic buying of connected TV, digital video, and display advertising.
The partnership aims to centralize GroupM's media investments across LATAM, providing competitive bidding, top-tier technology, and supply chain transparency. The initiative will launch alongside PubMatic's Activate product, bringing Supply Path Optimization (SPO) to the region. According to OnAudience, programmatic ad spending in LATAM has grown from $5.2 billion in 2017 to $16.77 billion in 2023, with projections reaching $23.6 billion by 2028.
PubMatic has expanded its collaboration with Western Union to enhance their commerce media business. The partnership leverages PubMatic's SSP capabilities for onsite monetization and uses Western Union's first-party data for offsite audience extension via Convert. Western Union will utilize PubMatic's SSP and OpenWrap header bidding solution through a unified tech stack to streamline operations and reduce fragmentation. The collaboration aims to create customized advertising opportunities targeting Western Union's diverse multicultural consumer base across premium digital channels. According to EMARKETER, US ad spending on financial media networks is projected to grow from $350 million in 2024 to $1.5 billion in 2026.
PubMatic and DIGITS Agency announce a strategic partnership to leverage PubMatic's Convert platform for digital grocery advertising. The collaboration will launch with Fareway Stores ($1.5B annual revenue, 140 stores) and Vroom Delivery, targeting the growing digital grocery market expected to exceed $200B in 2024. The partnership aims to monetize digital grocery advertising inventory through programmatic technology with omnichannel, closed-loop reporting. According to EMARKETER, grocery is projected to become the largest e-commerce category by 2026, reaching $335.19B in sales by 2027.
Xumo, a streaming platform joint venture between Comcast and Charter, has partnered with PubMatic (PUBM) to make Xumo's premium inventory programmatically available to advertisers. The collaboration aims to provide advertisers with enhanced reach and targeting capabilities across Xumo properties. Xumo has reported significant growth, with September 2024 streaming hours on Xumo Play increasing 83% year-over-year, and viewers spending an average of 90 minutes daily on its 350+ channels. The partnership comes as programmatic CTV ad spending is projected to reach $23.8 billion in 2024.
PubMatic (PUBM), a digital advertising technology company, has announced its management team's participation in two upcoming financial conferences in December 2024. The team will attend the Wolfe Research Small and Mid-Cap Conference on December 4 and the Raymond James TMT and Consumer Conference on December 11, both in New York. A live webcast of the Raymond James fireside chat will be accessible through PubMatic's investor relations website, with replay available for 90 days after the presentation.
PubMatic announced its Q3 2024 financial results, surpassing guidance with revenue of $71.8 million, a 13% increase YoY. Omnichannel video revenue grew 25%, and gross profit rose 23% to $46.3 million. Despite a net loss of $(0.9) million, adjusted EBITDA was $18.5 million, representing a 26% margin. The company repurchased 3.6 million shares YTD, accounting for 6.5% of fully diluted shares. PubMatic's platform saw significant growth, with monetized impressions from CTV doubling for the third consecutive quarter. The company launched new AI-driven products and CTV Marketplaces, enhancing inventory and monetization. Strategic partnerships and an optimized infrastructure contributed to processing nearly 70 trillion impressions, a 25% increase YoY. PubMatic's Q4 2024 revenue is projected between $86 million to $90 million, with adjusted EBITDA ranging from $34 million to $37 million. Full-year 2024 revenue is expected to grow 10% to $292-$296 million, with an adjusted EBITDA margin of 31%.
SoundCloud and PubMatic have announced a strategic partnership to offer SoundCloud's premium advertising inventory through PubMatic's advertising solutions. For the first time, PubMatic will provide global programmatic inventory for all video and display advertising on SoundCloud's desktop and mobile app platforms. SoundCloud, with 175 million monthly listeners, hosts 400+ million tracks from 40+ million artists across 193 countries. The partnership aims to enhance advertiser access to SoundCloud's global audience, capitalizing on the growing digital audio advertising market, which is projected to reach $11.13 billion in 2024 with 1.6 billion users by 2028.
PubMatic (PUBM) has been named a Leader in The Forrester Wave™: Sell-Side Platforms, Q4 2024 report. The company received the highest possible scores in 14 criteria, including Programmatic Auctions, Commerce Media, Publisher Protections, and Innovation, as well as the highest possible score in the Market Presence category. The evaluation was conducted among 10 top sell-side platforms based on 33 criteria. Forrester highlighted PubMatic's scale, cross-channel support, and extensive experience in programmatic advertising, noting that their OpenWrap unified auctions are a 'resounding success for publishers.'
PubMatic (Nasdaq: PUBM), a digital advertising supply chain technology company, has announced it will release its financial results for the third quarter of 2024 after market close on November 12, 2024. The company will host a webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day to discuss these results.
Investors and interested parties can access the live and archived webcast from the News & Events section of PubMatic's Investor Relations website at https://investors.pubmatic.com. This announcement provides an opportunity for stakeholders to gain insights into PubMatic's financial performance and future outlook.
PubMatic (NASDAQ:PUBM) has been chosen by global healthcare company Haleon as a preferred supply partner for supply path optimisation (SPO). This collaboration aims to increase efficiency and streamline access to video, display, and connected TV (CTV) inventory globally, while making media investments more sustainable.
The partnership provides Haleon with direct access to inventory sources, maximizing commercial efficiency, transparency, data-driven insights, and optimization capabilities. It also helps reduce carbon emissions related to Haleon's media investments by directing them towards responsible media and decarbonizing the media supply chain.
Haleon benefits from PubMatic's transparent bidding technology and support for brands like Advil, Centrum, and Tums through programmatic media buys. This approach enables Haleon to make more informed decisions about programmatic ad spend and deliver better outcomes for its brands.
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