Pubmatic Inc ( (PUBM) ) has released its Q3 earnings. Here is a breakdown of the information Pubmatic Inc presented to its investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
PubMatic, Inc. is an independent technology company specializing in digital advertising, offering a sell-side platform that aids digital content creators in monetizing their inventory and optimizing ad performance across various devices and formats.
In its third-quarter 2024 financial results, PubMatic reported revenue of $71.8 million, marking a 13% increase from the previous year, and highlighted significant growth in omnichannel video and mobile app advertising. The company also emphasized its leadership in the sell-side platform sector, as recognized by Forrester.
The key financial metrics from the report include a gross profit of $46.3 million, a net loss of $0.9 million, and an adjusted EBITDA of $18.5 million. PubMatic’s advancements in CTV inventory and generative AI solutions have driven substantial increases in monetized impressions and attracted new publishers, showcasing the company’s strong performance in high-value ad formats.
PubMatic’s strategic initiatives, such as infrastructure optimization and expansion of its workforce, have contributed to these financial improvements. The company remains focused on leveraging its technology to drive growth in its core areas, including CTV and mobile apps.
Looking forward, PubMatic expects continued revenue growth, projecting Q4 2024 revenue between $86 million and $90 million, with adjusted EBITDA margins anticipated to remain robust. The company aims to maintain its momentum by capitalizing on its strategic partnerships and expanding its market presence.
