PubMatic, Inc. - PUBM STOCK NEWS

PubMatic (Nasdaq: PUBM) announced its inclusion in the Russell 3000 and Russell 2000 Indexes, effective June 27, 2022. This recognition reflects PubMatic's growth and profitability, positioning the company among the largest public firms in the US based on market capitalization. The Russell indexes, which benchmark approximately $12 trillion in assets, are critical for investment strategies. CEO Rajeev Goel highlighted this as a significant milestone that underscores the company’s market share expansion and revenue growth over recent years.

PubMatic (Nasdaq: PUBM) has achieved a significant sustainability milestone by powering all global data centers with 100% renewable energy. This initiative is part of a broader sustainability strategy aimed for completion by the end of 2022. The company's infrastructure, primarily in 10 data centers, accounts for over 90% of its energy consumption. To reach this target, PubMatic engaged in virtual power purchase agreements and other renewable energy strategies. The company plans to publish specific sustainability goals by year-end 2022, emphasizing responsible operational practices.

PubMatic (Nasdaq: PUBM) has announced a significant milestone, achieving 100% renewable energy power for its global data centers as part of a broader sustainability strategy. This initiative aims to reduce the environmental impact of digital advertising, as the internet currently consumes 2.5% of worldwide electricity. By utilizing virtual power purchase agreements and retail supply agreements, PubMatic is investing in wind and solar power. The company plans to publish specific sustainability goals by the end of 2022, emphasizing its commitment to responsible advertising practices.

PubMatic (Nasdaq: PUBM) announced the appointment of Shelagh Glaser and Jacob Shulman to its board of directors, both seasoned financial leaders. Glaser, CFO at Zendesk, brings extensive experience from Intel, while Shulman, CFO at JFrog, has over 25 years in various sectors, including semiconductors and software. Both will serve on the Audit Committee, aiming to enhance PubMatic's growth in the digital advertising sector. CEO Amar Goel expressed excitement over their appointments, highlighting the leadership's potential to deliver value to stakeholders.

PubMatic (Nasdaq: PUBM), an independent technology company specializing in digital advertising, announced an upcoming presentation at the Jefferies Software Conference on June 2, 2022, at 12:30 pm ET. This event aims to showcase PubMatic's innovative supply chain solutions for digital advertising, enhancing customer value through effective monetization strategies. Investors can access the live webcast via the company's [investor relations website](https://investors.pubmatic.com/), where replays will be available post-event.

PubMatic (Nasdaq: PUBM) has launched Connect, an integrated platform for media buyers to effectively reach target audiences with various data signals. This solution combines first- and second-party data, contextual signals, and more, allowing brands to enhance ad relevance while prioritizing consumer privacy. The audience business has tripled in the last year, driven by supply path optimization and growth in connected TV. With daily processing of 383 billion ad impressions, Connect boosts audience targeting efficiency and ROI for advertisers.

PubMatic reported first-quarter 2022 revenue of $54.6 million, a 25% increase year-over-year. The company achieved GAAP net income of $4.8 million, with a 9% margin. Adjusted EBITDA was $17.0 million or a 31% margin. Highlights include a 140% net dollar-based retention rate and a significant 76% increase in impressions processed. Despite strong performance, the company adopted a conservative outlook due to potential headwinds, forecasting 20%-25% revenue growth for Q2. Total cash and equivalents stand at $174.7 million with no debt.

PubMatic, Inc. (Nasdaq: PUBM) has announced that it will release its financial results for the quarter ending March 31, 2022, after market close on May 9, 2022. A webcast will be held on the same day at 2:00 p.m. Pacific Time to discuss the results. PubMatic focuses on empowering digital content creators by maximizing monetization and providing programmatic solutions in real time. This announcement does not include any financial metrics, guidance, or results, leaving investors awaiting further information during the upcoming earnings call.

PubMatic has been recognized as the leading independent SSP for publishers monetizing video ad inventory programmatically, according to a study conducted with Advertiser Perceptions. The study highlights that 62% of digital video advertising is executed programmatically, with significant challenges in achieving cross-screen targeting. Key findings reveal that 54% of publishers prioritize screen-agnostic targeting, yet 86% find it challenging to implement. Paulina Klimenko, Chief Growth Officer, emphasized the goal of providing solutions to enhance publisher revenue through effective partnerships.