NO-HEADQUARTERS/REDWOOD CITY, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today announced that it will release its financial results for the quarter and fiscal year ended December 31, 2023 after market close on February 26, 2024. On that day, PubMatic will host a webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the company’s financial results. Webcast Details What: ...

NO-HEADQUARTERS/REDWOOD CITY, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- PubMatic (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, announced recent expansion and success of Connect, its fully-integrated audience solution that leverages addressable signals from across the open internet to help data owners drive monetization and help media buyers drive performance. With Connect as a centralized access point for addressability solutions, the company h ...

PubMatic, Inc. (NASDAQ:PUBM) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Stacie Clements - Investor Relations, The Blue Shirt Group Rajeev Goel - Co-Founder & Chief Executive Officer Steve Pantelick - Chief Financial Officer Conference Call Participants Matt Swanson - RBC Shweta Khajuria - Evercore Justin Patterson - KeyBanc Jason Helfstein - Oppenheimer James Heaney - Jefferies Mauricio Munoz - Raymond James Dan Day - B. Riley Maxwell Michaelis - LakeStreet Matt Condon ...

[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for PubMatic, Inc as of and for the periods ended September 30, 2023 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $613.0 million as of September 30, 2023, primarily due to a reduction in accounts receivable and fixed assets Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | September 30, 2023 (unaudited) | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $97,730 | $92,382 | | Accounts receivable, net | $291,385 | $314,299 | | Total current assets | $474,372 | $503,478 | | **Total Assets** | **$612,986** | **$642,175** | | **Liabilities & Equity** | | | | Accounts payable | $273,169 | $277,414 | | Total current liabilities | $303,867 | $302,026 | | **Total Liabilities** | **$324,412** | **$329,987** | | **Total Stockholders' Equity** | **$288,574** | **$312,188** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company swung to a net loss of $9.8 million for the first nine months of 2023, impacted by a significant bad debt provision Statement of Operations Summary (in thousands, except per share data) | Metric | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $63,677 | $64,500 | $182,414 | $182,084 | | Gross Profit | $37,586 | $42,909 | $107,393 | $123,527 | | Operating Income (Loss) | $(571) | $9,622 | $(18,377) | $23,997 | | Net Income (Loss) | $1,774 | $3,326 | $(9,821) | $15,924 | | Diluted EPS | $0.03 | $0.06 | $(0.19) | $0.28 | - The results for the nine months ended September 30, 2023, include a **$5.7 million bad debt provision** from a Demand Side Platform (DSP) buyer that filed for Chapter 11 bankruptcy[13](index=13&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow decreased while financing cash outflow increased significantly due to $41.5 million in share repurchases Cash Flow Summary (Nine Months Ended Sep 30, in thousands) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $52,447 | $67,854 | | Net cash used in investing activities | $(7,708) | $(101,556) | | Net cash provided by (used in) financing activities | $(39,391) | $3,374 | | **Net increase (decrease) in cash** | **$5,348** | **$(30,328)** | - Financing activities in the first nine months of 2023 were primarily impacted by **$41.5 million used for treasury stock repurchases**[23](index=23&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail a significant bad debt expense, the share repurchase program, revenue concentration, and geographic revenue breakdown - The provision for expected credit losses increased by $14.5 million in the nine months ended September 30, 2023, due to a DSP buyer filing for Chapter 11 bankruptcy; after expected recoveries, this resulted in a **$5.7 million bad debt expense**[34](index=34&type=chunk) - In February 2023, the board authorized a share repurchase program of up to $75 million; as of September 30, 2023, **$35.9 million remains available** for repurchases[60](index=60&type=chunk) - As of September 30, 2023, two buyers represented a significant concentration of accounts receivable, accounting for **32% and 18% respectively**[32](index=32&type=chunk) Revenue by Geographic Area (Nine Months Ended Sep 30, in thousands) | Region | 2023 | 2022 | | :--- | :--- | :--- | | United States | $108,608 | $111,826 | | EMEA | $57,345 | $48,210 | | APAC | $13,117 | $19,352 | | Rest of the world | $3,344 | $2,696 | | **Total** | **$182,414** | **$182,084** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes flat revenue to macroeconomic challenges, noting a decreased retention rate, lower gross margin, and a decline in Adjusted EBITDA - The net dollar-based retention rate for the trailing twelve months ended September 30, 2023, was **97%**, a decrease from 120% for the same period in 2022, primarily due to a decline in run rate from one publisher[87](index=87&type=chunk)[100](index=100&type=chunk) - Gross margin for the nine months ended September 30, 2023, decreased to **59% from 68%** in the prior-year period, primarily due to infrastructure investments for capacity expansion and engineering projects[131](index=131&type=chunk) - General and administrative expenses for the nine months ended September 30, 2023, increased by $9.6 million, primarily due to a **$5.7 million provision for bad debt** and a $4.9 million increase in personnel costs[140](index=140&type=chunk) Financial Highlights (in thousands) | Metric | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $63,677 | $64,500 | $182,414 | $182,084 | | Net Income (Loss) | $1,774 | $3,326 | $(9,821) | $15,924 | | Adjusted EBITDA | $18,240 | $25,137 | $36,403 | $65,192 | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company identifies interest rate, currency exchange, and inflation as primary market risks, with currency fluctuations posing the most direct impact - The company's portfolio of cash, cash equivalents (**$97.7M**), and marketable securities (**$73.6M**) is considered relatively insensitive to interest rate changes due to short maturities[167](index=167&type=chunk) - A hypothetical 10% change in the USD to Indian Rupee exchange rate could change the operating loss by **$1.4 million** for the nine months ended Sep 30, 2023[168](index=168&type=chunk) - A hypothetical 10% change in the USD to British Pound exchange rate could change the operating loss by **$1.3 million** for the nine months ended Sep 30, 2023[168](index=168&type=chunk) [Item 4. Controls and Procedures](index=39&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective with no material changes to internal controls during the quarter - The principal executive officer and principal financial officer concluded that as of September 30, 2023, the company's **disclosure controls and procedures were effective**[170](index=170&type=chunk) - **No changes occurred** in internal control over financial reporting during the quarter ended September 30, 2023, that have materially affected or are likely to materially affect internal controls[171](index=171&type=chunk) [PART II - OTHER INFORMATION](index=41&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=41&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently party to any legal proceedings expected to have a material adverse effect on its business - As of the report date, the company is **not a party to any legal proceedings** that are expected to have a material adverse effect on its business[176](index=176&type=chunk) [Risk Factors](index=41&type=section&id=Item%201A.%20Risk%20Factors) Key risks include dependency on advertising demand, customer concentration, industry competition, and impacts from the deprecation of third-party cookies - The business is highly dependent on overall advertising demand, which can be adversely affected by **macroeconomic factors** like inflation, rising interest rates, and economic downturns[181](index=181&type=chunk) - A limited number of large DSPs, particularly **The Trade Desk and Google DV360**, account for a significant portion of ad impressions purchased on the platform[184](index=184&type=chunk) - The **rejection or restriction of third-party cookies**, mobile device identifiers, and other tracking technologies could significantly diminish the value of the company's solutions[196](index=196&type=chunk)[197](index=197&type=chunk)[198](index=198&type=chunk) - Evolving data privacy laws like **GDPR in Europe and CCPA/CPRA in California** could increase compliance costs, limit data use, and expose the company to significant fines and liability[242](index=242&type=chunk)[246](index=246&type=chunk)[250](index=250&type=chunk) - In June 2023, a DSP buyer filed for Chapter 11 bankruptcy, leading to a **$5.7 million bad debt expense**, highlighting payment-related risks from buyers[217](index=217&type=chunk) - The dual-class stock structure gives holders of Class B common stock, including directors and officers, approximately **64% of the voting power**, allowing them to control corporate matters[299](index=299&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=68&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased over 1 million shares in Q3 2023, with $35.9 million remaining under its current repurchase authorization Share Repurchases in Q3 2023 | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | July 2023 | 193,395 | $18.53 | | August 2023 | 585,367 | $13.78 | | September 2023 | 283,000 | $14.04 | | **Total Q3** | **1,061,762** | - | - The share repurchase program, announced on February 28, 2023, authorizes up to **$75 million in repurchases** through December 31, 2024[307](index=307&type=chunk) [Other Information](index=69&type=section&id=Item%205.%20Other%20Information) The Chief Innovation Officer adopted a Rule 10b5-1 trading plan for the potential sale of up to 174,110 shares - On September 1, 2023, Chief Innovation Officer Amar Goel adopted a **Rule 10b5-1 trading plan** for the sale of up to 174,110 shares, expiring July 9, 2024[311](index=311&type=chunk)

PubMatic, Inc. (NASDAQ:PUBM) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Stacie Clements - IR, The Blue Shirt Group Rajeev Goel - Co-Founder & CEO Steve Pantelick - CFO Conference Call Participants Matt Swanson - RBC James Heaney - Jefferies Jason Helfstein - Oppenheimer Dan Day - B. Riley Tim Nollen - Macquarie Shweta Khajuria - Evercore Andrew Boone - JMP Max Michaelis - Lake Street Operator Hello, everyone and welcome to PubMatic's Second Quarter 2023 Earnings Call. My ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File Number: 001-39748 PUBMATIC, INC. (Exact name of registrant as specified in its charter) Delaware 20-5863224 (State or other jur ...

PubMatic, Inc. (NASDAQ:PUBM) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Stacie Clements - Investor Relations Rajeev Goel - Co-Founder and Chief Executive Officer Steve Pantelick - Chief Financial Officer Conference Call Participants Shweta Khajuria - Evercore Matt Swanson - RBC Jason Helfstein - Oppenheimer Miles Jakubiak - KeyBanc James Heaney - Jefferies Tim Nollen - Macquarie Dan Day - B. Riley Mauricio Munoz - Raymond James Operator Hello, everyone and welcome to PubMa ...

This presentation contains forward-looking statements. These statements may relate to, but are not limited to, expectations of Q2 2023 and full-year 2023 operating results or financial performance, market size and growth opportunities, the calculation of certain of our key financial and operating metrics, capital expenditures, plans for future operations, competitive position, new products, technological capabilities, and strategic relationships, as well as assumptions relating to the foregoing. Forward-loo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File Number: 001-39748 PUBMATIC, INC. (Exact name of registrant as specified in its charter) Washington, DC 20549 FORM 10-Q (Mark One) Delaware 20-5863224 (State or other ju ...

PubMatic, Inc. (NASDAQ:PUBM) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Stacie Clements – The Blueshirt Group Rajeev Goel – Co-Founder and Chief Executive Officer Steve Pantelick – Chief Financial Officer Conference Call Participants Jason Helfstein – Oppenheimer Justin Patterson – KeyBanc Shweta Khajuria – Evercore Matt Swanson – RBC James Heney – Jefferies Andrew Boone – JMP Andrew Marok – Raymond James Eric Martinuzzi – Lake Street Operator Hello, everyone, and wel ...