PubMatic, Inc. (PUBM) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.05, delivering a surprise of 58.33%. Over the last four quarters, the company ...

Revenue and Growth - Revenue for Q2 2024 was $67.3 million, up 6% compared to Q2 2023, with omnichannel video revenue growing 19% year-over-year[1][5] - Revenue from high-value formats and channels, including mobile display and omnichannel video, grew 15% year-over-year and represented 78% of total revenue[5] - Revenue for Q2 2024 increased to $67.3 million, up 6.2% from $63.3 million in Q2 2023[17] - Revenue for Q2 2024 was $67.267 million, up from $63.330 million in Q2 2023[20] - For Q3 2024, the company expects revenue between $65 million to $67 million and adjusted EBITDA of $15 million to $17 million, representing a 24% margin at the midpoint[9] - Full-year 2024 revenue is projected to be between $288 million and $292 million, representing approximately 9% growth, with adjusted EBITDA expected to be $87 million to $91 million, a 31% margin at the midpoint[9] Profitability and Margins - Gross profit increased by 10% year-over-year to $42.1 million, with a net income of $2.0 million and a 3% margin[1][3] - Adjusted EBITDA for Q2 2024 was $21.1 million, representing a 31% margin, up from $10.8 million and a 17% margin in Q2 2023[1][3] - Gross profit for Q2 2024 increased to $42.1 million, up 10.1% from $38.3 million in Q2 2023[17] - Net income for Q2 2024 improved to $1.97 million, compared to a net loss of $5.72 million in Q2 2023[17] - Adjusted EBITDA for Q2 2024 was $21.078 million, a significant increase from $10.809 million in Q2 2023, with an Adjusted EBITDA margin of 31% compared to 17% in Q2 2023[20] - Non-GAAP net income for Q2 2024 was $9.671 million, compared to $0.152 million in Q2 2023[21] - Non-GAAP diluted EPS for Q2 2024 was $0.17, compared to $0.00 in Q2 2023[21] - Net income for Q2 2024 was $1.971 million, compared to a net loss of $5.724 million in Q2 2023[20] Cash Flow and Financial Position - Net cash provided by operating activities for the first six months of 2024 increased to $36.2 million, up 26.7% from $28.6 million in the same period of 2023[19] - Free cash flow for Q2 2024 was $6.913 million, down from $10.795 million in Q2 2023[22] - Net cash provided by operating activities for Q2 2024 was $11.944 million, down from $15.848 million in Q2 2023[22] - Cash and cash equivalents decreased to $73.5 million as of June 30, 2024, from $78.5 million as of December 31, 2023[16] - Total assets decreased to $673.1 million as of June 30, 2024, from $695.2 million as of December 31, 2023[16] - Accounts receivable decreased to $351.6 million as of June 30, 2024, from $375.5 million as of December 31, 2023[16] Share Repurchase and Capital Expenditures - The company repurchased 6.1 million shares of Class A common stock for $100.1 million, with $74.9 million remaining in the repurchase program[4] - CapEx for 2024 is estimated to be between $16 million and $18 million[10] Operating Expenses and Compensation - Total operating expenses for Q2 2024 increased to $46.1 million, up 1.5% from $45.4 million in Q2 2023[17] - Stock-based compensation expense for Q2 2024 increased to $9.7 million, up 33.5% from $7.3 million in Q2 2023[18] - Stock-based compensation for Q2 2024 was $9.699 million, up from $7.266 million in Q2 2023[20] - Depreciation and amortization for Q2 2024 was $11.336 million, slightly up from $10.898 million in Q2 2023[20] Monetization and Impressions - Monetized impressions grew 12% year-over-year, with Supply Path Optimization (SPO) representing over 50% of total activity[1][5] Headcount and Workforce - The company increased global headcount by 16% year-over-year in Q2 2024, adding team members across product management, engineering, and go-to-market teams[7] Interest Income - Interest income for Q2 2024 was $2.340 million, compared to $2.176 million in Q2 2023[20] Operating Loss - Operating loss for Q2 2024 narrowed to $3.99 million, compared to $7.13 million in Q2 2023[17]

Core Insights - PubMatic has partnered with Disney+ Hotstar to enhance the digital advertising landscape through programmatic monetization [1][2] - The collaboration aims to provide advertisers with access to a large and engaged audience while maintaining control over user experience [3] Company Overview - PubMatic is an independent technology company focused on maximizing customer value in digital advertising by delivering a future-oriented supply chain [4] - The company’s sell-side platform enables digital content creators to manage inventory access and enhance monetization through programmatic advertising [4] Disney+ Hotstar Overview - Disney+ Hotstar is a leading streaming platform in India, offering over 140,000 hours of content in 19 languages, including TV shows, movies, and sports [5] - The platform aims to provide a premium viewing experience while ensuring relevant and engaging advertising for its users [3][5]

Core Insights - PubMatic has released a whitepaper addressing the shifts in the digital advertising ecosystem due to new consumer privacy regulations and signal loss, while also discussing Google's decision to support third-party cookies in Chrome, which empowers consumers in addressable advertising choices [1][2]. Group 1: Publisher Strategies - The whitepaper titled "Addressability in the New Digital Landscape: 5 Publisher Strategies for Improved Monetization" outlines five strategies for publishers to enhance their addressability and monetization efforts [2][3]. - Key strategies include leveraging first-party data, utilizing second-party data from trusted partners, and maintaining the relevance of third-party data in a privacy-first environment [4]. Group 2: Importance of Data - Emphasis is placed on the significance of first-party data and alternative IDs, as well as the role of contextual targeting as a privacy-safe alternative to identity-based targeting [4]. - The whitepaper encourages publishers to adopt new open web standards and prioritize partnerships that support these initiatives [4]. Group 3: Technology and Partnerships - PubMatic's commitment to supporting publishers is highlighted through its technology solutions like the Identity Hub and Connect, which facilitate the management of multiple identity solutions and optimize revenue through effective data management [5][6]. - The company aims to empower digital content creators by enhancing their control over inventory and increasing monetization opportunities across various ad formats and devices [6].

"Publishers have a unique opportunity to better position themselves within the advertising ecosystem," said Jaan Janes, Vice President of Publisher Partnerships at PubMatic. "Our whitepaper provides actionable strategies for publishers looking to enhance their monetization through smart data management, effective audience segmentation, and embracing new technologies that elevate the performance of open internet advertising." The whitepaper also shows PubMatic's commitment to supporting publishers through it ...

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. As such, the Zacks rating upgrade for PubMatic is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisio ...

What: PubMatic's Second Quarter 2024 Earnings Webcast When: Thursday August 8, 2024 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) Webcast: A live and archived webcast can be accessed from the News & Events section of PubMatic's Investor Relations website: https://investors.pubmatic.com Webcast Details PubMatic is an independent technology company maximizing customer value by delivering digital advertising's supply chain of the future. PubMatic's sell-side platform empowers the world's leading digital c ...

Core Viewpoint - PubMatic, Inc. will release its financial results for Q2 2024 on August 8, 2024, and will host a webcast to discuss these results [1][2]. Company Overview - PubMatic is an independent technology company focused on enhancing customer value through the digital advertising supply chain [2]. - The company provides a sell-side platform that empowers digital content creators to manage their inventory and increase monetization [2]. - Since its inception in 2006, PubMatic has utilized an infrastructure-driven approach for real-time data processing and utilization [2]. - The company aims to deliver scalable and flexible programmatic innovations to improve customer outcomes while promoting a transparent digital advertising supply chain [2].

Tim Rogers, Vice President of Commerce Media, will report to Amar Goel, the company's Founder, Chairman, and Chief Innovation Officer, and lead PubMatic's global commerce media strategy, focusing on revenue growth and strengthening the company's market position. Rogers brings more than twenty years of commercial leadership and innovation within advertising technology, previously serving as the SVP of Enterprise Go-ToMarket Strategy at Criteo, where he successfully brought demand and supply solutions to mark ...

Sundry Photography Pubmatic (NASDAQ:PUBM), a global digital advertising supply side platform (SSP), has carved out a scries of competitive advantages that could help it become one of the winners in a consolidating industry. Trading now at a reasonable valuation (the current P/E is a little misleading), if the company can exceute on its anbitious long- term goals - or even if they fall somewhat short of them - it could be a market-beating investment for those that are willing to hold through advertising mark ...