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 (Nasdaq: PUBM) reported Q2 2024 financial results:
Revenue: $67.3M, up 6% YoY; Omnichannel video revenue: up 19%; Gross profit: $42.1M, up 10%; Net income: $2M, 3% margin; Adjusted EBITDA: $21.1M, 31% margin; Monetized impressions: up 12%; Cash from operations: $11.9M.
PubMatic expanded its Supply Path Optimization (SPO) to over 50% of its total activity and formed new partnerships with major CTV streamers like Roku and Disney+ Hotstar. They increased global headcount by 16% in Q2 2024.
For Q3 2024, PubMatic expects revenue between $65M and $67M, and Adjusted EBITDA between $15M and $17M. Full year 2024 revenue is forecasted at $288M-$292M, with Adjusted EBITDA between $87M and $91M.
PubMatic has released a new whitepaper titled 'Addressability in the New Digital Landscape: 5 Publisher Strategies for Improved Monetization'. The report addresses challenges in digital advertising due to privacy regulations and signal loss, offering five key strategies for publishers to enhance monetization:
1. Leveraging publisher first-party data
2. Utilizing publisher second-party data
3. Incorporating third-party data
4. Emphasizing publisher contextual data
5. Addressing industry shifts
The whitepaper highlights PubMatic's solutions like Identity Hub and Connect, which help publishers manage multiple identity solutions, activate first-party and second-party data, and optimize contextual targeting for maximum revenue.
PubMatic (Nasdaq: PUBM), a digital advertising technology company, has announced it will release its financial results for the second quarter of 2024 on August 8, 2024, after market close. 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 announced the addition of two key executives to its commerce media team. Tim Rogers, former SVP at Criteo, joins as Vice President of Commerce Media, and Somesh Bindu, former executive at Amazon Ads and Walmart Connect, takes on the role of Vice President of Product Management. These hires aim to enhance PubMatic’s Convert product and expand its influence in the commerce media landscape.
Rogers will lead the global commerce media strategy, focusing on revenue growth and market positioning. Bindu will drive product strategy and execution across Convert and other media products. PubMatic’s Convert platform, launched in July 2023, aids commerce media networks with a self-service platform for executing full-funnel campaigns. The company is poised to benefit from the projected $220 billion global retail media ad spend by 2027.
On May 15, 2024, PubMatic announced their participation in the Evercore ISI 3rd Annual Nothing But Net Internet Summit in New York, scheduled for May 29, 2024. This event will feature members of PubMatic’s management team, highlighting their role as a key player in digital advertising's supply chain. CEO Rajeev Goel and CFO Steve Pantelick will be attending, offering insights into the company's strategic initiatives and future growth plans. This participation signifies PubMatic's commitment to engaging with investors and providing transparency on their operational and financial performance.
PubMatic, Inc. announced record financial results for Q1 2024, exceeding revenue and adjusted EBITDA guidance. Revenue grew 20% year-over-year to $66.7 million, with a net loss of $(2.5) million. Adjusted EBITDA was $15.1 million, more than double from Q1 2023. Supply Path Optimization represented 50% of total activity. Cash from operating activities was $24.3 million, tripled from Q1 2023. The company has $174.1 million in cash and no debt. Key highlights include revenue growth across all formats and channels, partnerships with Instacart and Klarna, and operational priorities for 2024 include investments for growth.
PubMatic, an independent technology company, partners with Klarna, an AI-powered global payments network and shopping assistant. The partnership will allow PubMatic's advertisers to reach Klarna's high-intent global audience of 150 million shoppers directly at the point of purchase. Advertisers can access high-intent audiences to drive enhanced campaign ROI, with click-through rates three times higher than the industry average. The integration will initially be available in the US, with expansion to European markets to follow quickly thereafter.
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