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 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.
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.
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