Pubmatic, Inc. Stock Price, News & Analysis

PubMatic (Nasdaq: PUBM) has announced the release of its financial results for Q1 2021, scheduled for May 13, 2021, post-market close. The company will hold a webcast at 2:00 p.m. PT to discuss these results. PubMatic emphasizes its role as a leading sell-side platform in digital advertising, aiming to enhance revenue for publishers while ensuring media buyers achieve ROI in a safe advertising environment. The platform has been expanding its global infrastructure since its inception in 2006.

PubMatic (Nasdaq: PUBM) has announced significant enhancements to its OpenWrap header bidding solution, now utilized by over 200 publishers globally. The upgrades include sophisticated customization and A/B testing tools aimed at improving programmatic yield and audience addressability. Available in over 30 markets, OpenWrap allows publishers to optimize their setups, focusing on identity resolution, timeout rates, and performance metrics. Recent capabilities include managing various identity providers, enabling publishers to enhance monetization strategies effectively.

PubMatic has entered a global partnership with GroupM, enhancing transparency and efficiency in digital advertising. This alliance allows GroupM to access brand-safe inventory across various platforms, optimizing programmatic advertising. PubMatic's publisher partners will benefit from increased ad spend from GroupM’s advertisers. The partnership emphasizes a commitment to innovation and ROI through strategic supply-side collaborations, especially in the growing mobile app market. Advertisers will also utilize PubMatic’s identity solutions to enhance targeting and addressability across channels.

PubMatic reported a record revenue of $56.2 million for Q4 2020, marking a 64% year-over-year growth, driven by strong performance in mobile and OTT advertising. Net income soared to $18.8 million, or $0.34 per diluted share, up from $4.1 million the previous year. Adjusted EBITDA surged 190% to $26.9 million. For the full year, revenue reached $148.7 million, a 31% increase. The company projects Q1 2021 revenue between $38.0 million and $40.0 million, predicting 21% to 24% growth over 2020.

PubMatic, Inc. (Nasdaq: PUBM) announced a significant advancement in digital advertising efficiency through its collaboration with Goodway Group, enhancing campaign performance via log level data tools. The partnership led to a 28% reduction in CPA, a 46% drop in CPM, and a 111% increase in impression purchases. By leveraging detailed auction insights, Goodway Group optimized its approach, improving its advertisers' return on ad spend (ROAS) and effectively reaching new audiences. This initiative exemplifies how data-driven strategies can enhance the programmatic media landscape.

PubMatic, a leading sell-side platform for digital advertising, announced its executives will present at three upcoming investor conferences. The presentations are scheduled for:

• KeyBanc Capital Markets Virtual Emerging Technology Summit on February 25, 2021, at 11:35am ET
• Raymond James Institutional Investors Conference on March 1, 2021, at 3:50pm ET
• JMP Securities Technology Conference on March 2, 2021, at 11:00am ET

Webcasts will be accessible from the Investor Relations section of its website.

PubMatic, Inc. (Nasdaq: PUBM), a leading sell-side platform for digital advertising, will announce its fourth quarter and fiscal year 2020 financial results after market close on February 23, 2021. The results will be discussed in a conference call and webcast scheduled for 2:00 p.m. PT. PubMatic aims to enhance monetization for app developers and publishers while helping advertisers reach target audiences effectively. The company emphasizes its commitment to innovation and global infrastructure development since its inception in 2006.

PubMatic, Inc. (Nasdaq: PUBM) successfully closed its initial public offering, selling 2,655,000 shares of Class A common stock, with an additional 885,000 shares purchased by underwriters. The shares were priced at $20.00 each. Additionally, 4,130,000 shares were sold by certain stockholders. Notably, PubMatic will not receive proceeds from stockholder sales. The company’s Class A stock began trading on December 9, 2020. Jefferies LLC and RBC Capital Markets acted as joint book-running managers for the offering.

PubMatic, Inc. has priced its initial public offering (IPO) at $20.00 per share, totaling 5,900,000 shares of Class A common stock. The company is offering 2,655,000 shares while selling stockholders will offer 3,245,000 shares. An option for underwriters to purchase an additional 885,000 shares is also available. Trading on Nasdaq begins December 9, 2020, under the symbol “PUBM,” and the offering is set to close on December 11, 2020. Jefferies and RBC Capital Markets are leading the offering. The press release includes forward-looking statements regarding PubMatic's business prospects.