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) delivers cutting-edge supply-side platform solutions for digital publishers worldwide. This news hub provides investors and industry professionals with essential updates on PUBM's strategic initiatives, financial performance, and technological advancements in programmatic advertising.
Key resources include: Earnings reports, product launch details, partnership announcements, and market expansion updates. Our curated feed ensures you never miss critical developments affecting PUBM's position in the $600B digital ad sector.
Explore comprehensive coverage of: Real-time bidding innovations, CTV/OTT platform growth, privacy-compliant targeting solutions, and global inventory monetization strategies. All content is verified through primary sources to maintain accuracy.
Bookmark this page for streamlined access to PUBM's evolving role in shaping programmatic advertising infrastructure across mobile, display, and emerging digital channels.
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.
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.
