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, 2024 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 ...

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]

NEW DELHI, India and REDWOOD CITY, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- PubMatic (Nasdaq: PUBM), an independent technology company delivering digital advertising's supply chain of the future, today announced its association with Disney+ Hotstar, to transform the advertising landscape for digital advertising. Disney+ Hotstar, India's streaming platform offering a wide range of content across Indian and international titles, has selected PubMatic to enable programmatic monetization of content across mult ...

NO-HEADQUARTERS/REDWOOD CITY, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- PubMatic, an independent technology company delivering digital advertising's supply chain of the future, has published a new whitepaper that addresses the profound shifts in the digital advertising ecosystem caused by new consumer privacy regulations and continued signal loss. The paper also addresses Google's recent decision to continue support for third-party cookies in Chrome, which puts the choice around addressable advertising in t ...

"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 ...

NO-HEADQUARTERS/REDWOOD CITY, Calif., July 15, 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 ended June 30, 2024 after market close on August 8, 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: PubMatic's Second Quar ...

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 ...