The earnings call highlighted significant achievements in revenue growth, particularly in CTV and mobile app sectors, along with successful use of generative AI. However, the company faced challenges with a DSP partner's bidding changes affecting display advertising. The overall sentiment reflects a positive outlook despite some hurdles.
Company Guidance
During PubMatic's earnings call for the fourth quarter and full year 2024, the company provided guidance that highlighted several significant metrics and strategic directions. Rajeev Goel, the CEO, emphasized that the company achieved a 9% revenue growth over the previous year, with adjusted EBITDA margins expanding to 32%. Notably, Connected TV (CTV) accounted for 20% of Q4 revenue, more than doubling its share from the prior year. The company also highlighted that 53% of platform activity was transacted via Supply Path Optimization, marking substantial growth from two years prior. Political ad spending and new partnerships contributed to these positive trends, with Q4 revenue excluding political and DSP impacts growing 16% year-over-year. Looking forward, PubMatic is targeting 15%+ growth in its underlying business for 2025, with strategic investments in product innovation, generative AI, and expansion into high-engagement channels such as CTV, mobile apps, and commerce media. Additionally, the company reported strong cash flow, with $73 million in operating cash flow and $35 million in free cash flow, and it plans to continue leveraging generative AI to drive efficiency and growth.
Solid Revenue Growth and Margin Expansion
2024 marked a year of solid revenue growth of 9% over 2023 and expanded adjusted EBITDA margins of 32%.
CTV Business Growth
The CTV business represented 20% of Q4 revenue, more than doubling its share compared to the prior year.
Supply Path Optimization Success
Over 53% of platform activity was transacted via Supply Path Optimization, up from a third two years ago.
Generative AI Impact
Generative AI increased engineering productivity by over 15% in 2024 and led to new customer-facing products.
Mobile App Growth
Mobile app business grew 16% year-over-year, driven by the OpenWrap SDK.
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PubMatic (PUBM) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PUBM Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 27, 2025
$13.97
$10.63
-23.91%
Nov 12, 2024
$16.43
$16.26
-1.03%
Aug 08, 2024
$19.60
$14.06
-28.27%
May 07, 2024
$24.02
$22.58
-6.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pubmatic Inc (PUBM) report earnings?
Pubmatic Inc (PUBM) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Pubmatic Inc (PUBM) earnings time?
Pubmatic Inc (PUBM) earnings time is at May 13, 2025, TBA Not Confirmed.
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