Pubmatic, Inc. Stock Price, News & Analysis

PubMatic (Nasdaq: PUBM) announced the opening of new offices in Pune and New Delhi on August 18, 2022, as part of its strategy to support global growth and increase headcount. The company's Q2 2022 revenue reached $63 million, up 27% from $49.7 million in Q2 2021. Despite a challenging economic environment, PubMatic continues to invest in technology and personnel, with a 30% increase in its India workforce over the past year and plans to double its global engineering staff by late 2023. The firm also processed 36.2 trillion impressions in Q2 2022.

PubMatic Expands Partnership with Havas Media Group

On August 17, 2022, PubMatic (Nasdaq: PUBM) announced a strengthened partnership with Havas Media Group (HMG) in North America, designating PubMatic as a preferred Sell-Side Platform (SSP). This collaboration focuses on enhancing data activation for brands and publishers via HMG's Converged platform, facilitating improved data connectivity. PubMatic's strong omnichannel capabilities and commitment to renewable energy were critical factors in this selection. The partnership aims to develop innovative, privacy-compliant addressability solutions to maximize campaign ROI.

PubMatic reported strong second-quarter results for 2022, with revenue reaching $63.0 million, a 27% increase year-over-year. The company achieved a GAAP net income of $7.8 million, reflecting a 12% margin, and delivered adjusted EBITDA of $23.0 million, maintaining a 37% margin. With a net dollar-based retention rate of 130%, PubMatic's diverse offerings continue to drive growth. However, cautious guidance for Q3 reflects anticipated softness in European markets and muted spending in APAC due to economic challenges.

PubMatic (Nasdaq: PUBM), a leading technology company in digital advertising, announced its management will present at two upcoming investor conferences. The details are as follows:

• Oppenheimer 25th Annual Technology, Internet & Communications Conference (Virtual) on August 10, 2022, at 12:25 pm ET.
• Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at 3:00 pm ET.

Live webcasts will be available on PubMatic’s investor relations website, with replays accessible after each event.

PubMatic, Inc. (Nasdaq: PUBM) will release its financial results for the second quarter of 2022 on August 8, 2022, after market close. A webcast detailing these results will be held at 2:00 p.m. PT (5:00 p.m. ET). PubMatic is known for delivering innovative solutions in digital advertising, utilizing a sell-side platform that enhances monetization for digital content creators. The company aims to maximize customer value and provide a transparent supply chain for digital advertising.

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.