Previous Close | 23.53 |
Open | 23.50 |
Bid | 24.01 x 300 |
Ask | 24.09 x 100 |
Day's Range | 23.22 - 24.51 |
52 Week Range | 10.92 - 24.51 |
Volume | |
Avg. Volume | 515,409 |
Market Cap | 1.201B |
Beta (5Y Monthly) | 1.52 |
PE Ratio (TTM) | 150.12 |
EPS (TTM) | 0.16 |
Earnings Date | May 07, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 25.13 |
Robust Revenue Growth and Strategic Partnerships Drive Performance
Programmatic advertising platform Pubmatic (NASDAQ: PUBM) beat analysts' expectations in Q1 CY2024, with revenue up 20.4% year on year to $66.7 million. Guidance for next quarter's revenue was also better than expected at $70 million at the midpoint, 1.8% above analysts' estimates. It made a non-GAAP profit of $0.09 per share, improving from its loss of $0.11 per share in the same quarter last year.
Revenue and adjusted EBITDA exceeded guidance; Delivered accelerated year-over-year revenue growth of 20%; Net loss of $(2.5) million or (4)% margin; Adjusted EBITDA of $15.1 million or 23% margin, more than double from Q1 2023; Supply Path Optimization represented 50% of total activity; Generated $24.3 million in cash from operating activities and tripled free cash flow over Q1 2023 to $16.3 million NO-HEADQUARTERS/REDWOOD CITY, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- PubMatic, Inc. (Nasdaq: P