PubMatic (PUBM) is expanding its footprint in the digital advertising landscape with its recent collaboration with GroupM, the media investment arm of WPP.The collaboration provides advertisers with cohort-based modeling capabilities powered by a distributed AI model developed by Resolve, a Choreograph company, to enable scalable targeting across multiple publishers, ensuring privacy-first ad buying at scale.By seamlessly integrating this proprietary technology into the PubMatic SSP (Sell-Side-Platform), th ...

NEW YORK and LONDON, April 16, 2024 (GLOBE NEWSWIRE) -- PubMatic, (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today announced a partnership with GroupM, WPP's media investment group, to deliver cohort-based modeling capabilities for advertisers. This collaboration, a first-of-its-kind in the market, leverages a distributed AI model via Resolve, a Choreograph company, to enable scaled targeting across multiple publishers simultaneously, ensuri ...

The ad tech company delivered a stellar fourth quarter, and is poised for revenue growth in 2024.In 2024, digital advertising is forecasted to grow 13% over last year, and account for nearly 70% of global ad spending. This is good news for ad tech firm PubMatic (PUBM -5.21%).In fact, the advertising industry's strong growth is already helping the company. PubMatic experienced a phenomenal fourth quarter, sending its stock to a 52-week high of $24.19 on April 4.Shares have dipped since then, so is now the ti ...

Key TakeawaysRoblox has partnered with PubMatic to allow for media purchases of Roblox's video ad inventory when it is available later this year.Roblox, which began testing out its video ad platform in November, said that teaming with PubMatic will give more advertisers the ability to reach its users.Roblox shares were up 1.5% in late-afternoon trading, bucking a broader downturn for U.S. equities. Roblox (RBLX) shares were higher Wednesday afternoon, bucking a broader downturn for U.S. equities, after the ...

REDWOOD CITY, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- PubMatic (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today announced a partnership with Roblox (NYSE:RBLX), a global immersive platform for communication and connection, to enable programmatic media buying of Roblox's video advertising inventory when it becomes available later this year. The partnership will allow more brands to seamlessly reach Roblox's global community of over 71 mill ...

Shares of advertising technology (adtech) company PubMatic (PUBM -1.78%) rose 37.9% during February, according to data provided by S&P Global Market Intelligence. The stock meandered along for most of the month before skyrocketing right at the end. The sharp rise in late February coincided with the company's latest financial report.The report in question was for PubMatic's fourth quarter of 2023. It came out on Feb. 26 and showed that the company generated quarterly revenue of nearly $85 million, up 14% yea ...

In case you weren't paying attention earlier, the stock market can be wildly unpredictable from one year to the next. After the dismal year of 2022, few were predicting big gains, but the Nasdaq Composite index ended up surging an unimaginable 43% in 2023.Trying to time major market moves will always be guesswork, but it's a game that individual investors don't need to play. Buying shares of great businesses at fair prices and simply holding them over long periods is a nearly surefire way to build wealth ov ...

NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- PubMatic (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, announced that it has been named as a preferred supply partner by Wpromote, a top independent marketing agency, to drive efficiency and maximize performance across the open internet. Through this partnership, Wpromote's clients will gain transparent access to PubMatic's premium publisher inventory across display, video and connected TV (CTV) inven ...

| --- | --- | --- | --- | --- | --- | --- | |-------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | \| PubMatic | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | This presentation contains forward-looking statements regarding our future business expectations, including but not limited to our guidance relating to our revenue and adjusted EBITDA for the first quarter of 2024 and revenue, adjusted EBITDA margin, free cash flow and capex for the full year 2024, our expectat ...

Financial Performance - For the year ended December 31, 2023, the company's revenue was $267.0 million, an increase from $256.4 million in 2022, representing a growth of approximately 0.25%[358]. - The company's net income for 2023 was $8.9 million, a significant decrease from $28.7 million in 2022, reflecting a decline of approximately 68.9%[365]. - The company reported a gross profit of $167.79 million in 2023, down from $174.87 million in 2022, a decrease of about 4.0%[365]. - The company's income before provision for income taxes for 2023 was $10,505,000, a decrease of 72.0% from $37,467,000 in 2022[479]. - The effective tax rate for 2023 was 15.44%, down from 23.43% in 2022, indicating a significant reduction in the tax burden[479]. Assets and Liabilities - Total current assets increased to $561.96 million in 2023 from $503.48 million in 2022, marking a growth of about 11.6%[363]. - The company's total liabilities increased to $399.04 million in 2023 from $329.99 million in 2022, representing a growth of approximately 20.9%[363]. - The company's cash and cash equivalents decreased to $78.51 million in 2023 from $92.38 million in 2022, a decline of about 15.0%[363]. - Total accounts payable increased to $347.673 million as of December 31, 2023, up from $277.414 million in 2022[435]. - Total deferred tax assets, net of valuation allowance, increased to $30,514,000 in 2023 from $13,564,000 in 2022, representing a growth of 125.5%[480]. Operating Expenses - Operating expenses rose to $165.75 million in 2023, up from $134.35 million in 2022, indicating an increase of approximately 23.3%[365]. - Depreciation and amortization expenses increased to $44,770,000 in 2023 from $34,249,000 in 2022[374]. - Stock-based compensation rose to $28,862,000 in 2023, compared to $20,646,000 in 2022[374]. - Operating lease cost increased to $7,468,000 in 2023 from $6,876,000 in 2022, reflecting a growth of approximately 8.6%[446]. Cash Flow and Investments - Operating cash flow for 2023 was $81,121,000, slightly lower than $87,212,000 in 2022[374]. - The company reported a net cash used in investing activities of $39,018,000 in 2023, compared to $81,371,000 in 2022[374]. - The Company capitalized $21.3 million in software development costs during the year ended December 31, 2023, compared to $14.5 million in 2022[433]. Stock and Equity - The Company repurchased treasury stock at a cost of $59,617,000 in 2023, compared to no repurchases in 2022[374]. - The total stockholders' equity as of December 31, 2023, was $296,199,000, an increase from $312,188,000 in 2022[371]. - The Company granted 2,573 RSUs in 2023, with a weighted-average grant date fair value of $15.98 per share[468]. - The total stock-based compensation expense for 2023 was $28.9 million, an increase from $20.6 million in 2022 and $14.1 million in 2021[476]. Revenue Recognition and Accounting Policies - The company recognized revenue net of payments to publishers, with a critical audit matter related to the revenue cycle due to the complexity of the revenue recognition process[359]. - Revenue is recognized on a net basis, as the Company does not act as the principal in the purchase and sale of digital advertising inventory[406]. - The Company capitalizes internal use software development costs, which are amortized over an estimated useful life of two to five years[393]. Market and Competitive Environment - The digital advertising industry is intensely competitive, and failure to effectively compete could adversely affect the company's business and financial condition[24]. - The company relies on third-party data centers, and any disruption could adversely affect its operations and financial results[24]. - Future acquisitions or strategic investments may be difficult to identify and integrate, potentially disrupting business operations[24]. Foreign Currency and Economic Factors - A hypothetical 10% change in the U.S. Dollar to Indian Rupee exchange rate could result in a change of $2.0 million in operating income for the year ended December 31, 2023[345]. - The company has not entered into any hedging arrangements for foreign currency risk, which could affect operating income if foreign sales and expenses increase[345]. - The company does not believe that inflation has had a material effect on its business, but significant inflationary pressures could adversely affect operations[346]. Legal and Regulatory Compliance - The company is subject to evolving legal and industry standards regarding data protection, which could impact its operations[24].