Pubmatic, Inc. Stock Price, News & Analysis

PubMatic reported a record revenue of $256.4 million for FY 2022, marking a 13% increase from 2021. GAAP net income stood at $28.7 million, or $0.50 per diluted share, down from $56.6 million in 2021. The adjusted EBITDA margin decreased to 38% from 42% in the previous year. Cash from operations was $87.2 million. The company expanded its publisher relationships by adding 429 in 2022. Despite challenges in Q4, including a decline in mobile and desktop display revenue, PubMatic projects continued growth with an estimated market share of 4-4.5% and anticipates Q1 2023 revenue between $50 million to $52 million.

PubMatic, Inc. (Nasdaq: PUBM) announced it will release its financial results for the quarter and fiscal year ended December 31, 2022, post-market on February 28, 2023. The company will hold a webcast at 1:30 p.m. Pacific Time to discuss the results. PubMatic focuses on enhancing customer value through its technology platform, aiding digital content creators in maximizing monetization across the open internet. The company's approach promotes efficient data utilization and scalable programmatic innovation, positioning PubMatic as a key player in the digital advertising supply chain.

PubMatic (Nasdaq: PUBM) has released a report on the European commerce media landscape, indicating robust growth prospects. The study reveals that 67% of commerce media companies plan to boost their investments, while 24% will maintain current spending. The survey involved 112 professionals across France, Germany, Spain, and the UK, highlighting direct media selling as a common strategy. Retailers are leveraging commerce media for enhanced targeting and personalization, though concerns persist over costs and skilled workforce shortages. A significant 80% of retailers are inclined to collaborate with third-party vendors to achieve their commerce media goals.

PubMatic reported third-quarter 2022 revenue of $64.5 million, an 11% increase year-over-year. Omnichannel video revenue surged 45%. The company generated $3.3 million in GAAP net income, translating to a 5% margin, and $25.3 million in adjusted EBITDA, or 39% margin. Cash from operations was $28.1 million. However, net dollar-based retention decreased to 120% from 157% year-over-year. For Q4 2022, revenue guidance is set between $75 million to $78 million, amid ongoing economic pressures.

PubMatic, Inc. (Nasdaq: PUBM) announced its financial results for Q3 2022 will be released on November 8, 2022, after market close. The company will host a webcast at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss these results. PubMatic is focused on delivering an efficient digital advertising supply chain, empowering content creators to monetize their inventory effectively. Since its inception in 2006, the company has emphasized scalable programmatic innovation to enhance customer outcomes.

PubMatic (NASDAQ: PUBM) has partnered with Permutive to enhance advertising solutions using first-party data while ensuring consumer privacy. This collaboration allows advertisers to access rich publisher data and enables publishers to monetize their audiences effectively. The partnership aims to address the growing demand for privacy-centric advertising solutions without relying on third-party tracking. Through PubMatic’s Connect platform, advertisers can target audiences safely across all browsers, marking a significant step towards responsible advertising in a cookie-less environment.

PubMatic (Nasdaq: PUBM) released findings from a study titled “Transparency Will Bring More Spend to CTV/OTT,” conducted with Advertiser Perceptions. The report indicates that 62% of US brands and 82% of UK brands would increase their media spend with partners providing Content Object signals. Additionally, a significant number of advertisers are willing to pay more for transparency, with 57% in the US and 64% in the UK agreeing to this. The research emphasizes that these signals enhance transparency in programmatic media buys, encouraging advertisers to shift budgets from linear TV to CTV/OTT.

PubMatic has announced significant upgrades to its unified auction solution, OpenWrap, aimed at enhancing digital advertising for publishers, app developers, and web publishers. As of Q2 2022, revenue from OpenWrap has nearly doubled year-over-year, reflecting strong demand. The latest features include yield improvements, an upgraded management API, and enhanced analytics capabilities. OpenWrap also supports over 40 Prebid modules for web publishers and seamless integration for mobile app developers, facilitating access to top mediation providers and in-line bidding for OTT publishers.

PubMatic (Nasdaq: PUBM) announced its agreement to acquire Martin, a media measurement platform, aiming to enhance its supply path optimization (SPO) capabilities for buy-side customers. This strategic acquisition is set to close by mid-September 2022 and will be fully funded via PubMatic's cash reserves. The move responds to growing demands from clients for advanced tools to optimize digital advertising efforts. Rajeev Goel, co-founder and CEO, expressed confidence that integrating Martin's analytics will fortify PubMatic's position in the market, ultimately driving more revenue for publishers.