PubMatic (PUBM) shares have lost 10.4% year to date against the Zacks Computer and Technology Sector and S&P 500 index’s return of 19.5% and 18.1%, respectively.PubMatic stock has also underperformed the Zacks Internet - Software industry’s return of 15.7% in the same time frame. The underperformance is mainly due to PUBM stock’s sharp decline following its missed revenue estimates for the second quarter of 2024.However, PUBM is constantly winning big clients, implying the company’s ability to gain market s ...

One customer is making changes and causing PubMatic to miss its mark.Shares of programmatic advertising technology (adtech) company PubMatic (PUBM -30.25%) were crushed on Friday after the company reported financial results for the second quarter of 2024. As of 11 a.m. ET, PubMatic stock was down a painful 30%.Why the market disliked PubMatic's quarterIn my opinion, Q2 results weren't so bad for PubMatic. But allow me to acknowledge why investors are dumping this stock today. Management had guided for Q2 re ...

PubMatic, Inc. (PUBM) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.05, delivering a surprise of 58.33%.Over the last four quarters, the company h ...

财务表现 - 公司收入增长5.8%至67.267亿美元[86] - 调整后EBITDA增长95.1%至21.078亿美元[86] - 净收益由亏损转为盈利1.971亿美元[86] - 净现金流由经营活动提供11.944亿美元[87] 收入增长驱动因素 - 净收入同比增长主要来自广告印象量增加、新产品销售增长以及买家关系拓展[90] - 公司正在加强与现有客户的关系并拓展新客户[90] - 公司通过供应链优化等措施提高买家的广告投放效果[90] - 公司持续开发新产品如Activate和Convert以拓展收入来源[93] 成本管控 - 公司持续投资软硬件基础设施以提高处理广告印象的效率[92] - 公司预计未来将继续增加技术开发和销售营销投入[95] - 公司一般和管理费用在2024年第二季度和2024年上半年分别同比下降24%和10%[117][119] 财务预测 - 公司收入在2024年第二季度和2024年上半年分别同比增长6%和13%[102][103] - 公司毛利率在2024年第二季度和2024年上半年分别为63%和62%，同比有所提升[102][103] - 公司技术和研发费用在2024年第二季度和2024年上半年分别同比增长29%和25%[107][109] - 公司销售和营销费用在2024年第二季度和2024年上半年分别同比增长17%和12%[112][114] 其他财务指标 - 公司2024年第二季度和上半年利息收入分别同比增长8%和21%[122][124] - 利息收入由于利率上升而增加[125] - 其他收入(费用)净额在2024年6月30日结束的三个月和六个月期间相比上年同期大幅增加[126][128] - 其他收入增加主要是由于与谷歌隐私沙盒计划相关的4.0百万美元收入[129] - 2024年6月30日结束的三个月和六个月期间所得税费用分别下降24%和106%[131][133] - 2024年6月30日结束的三个月和六个月期间所得税费用下降主要由于外国衍生无形资产收益、研发税收抵免等因素[134] - 公司调整后EBITDA在2024年上半年同比增长99%至3613.4万美元[135] 财务状况 - 公司现金及现金等价物为7.35亿美元，有价证券为9.21亿美元[147] - 公司主要收入合同以美元计价，主要费用以美元、印度卢比和英镑计价[148] - 公司认为目前通胀对其业务、经营业绩和财务状况没有重大影响[149] - 公司投资组合的公允价值对利率变化相对不敏感[147] - 公司目前未使用任何对冲安排来应对外汇风险[148]

财务表现 - 收入为6730万美元，同比增长6%[1] - 毛利润为4210万美元，同比增长10%[1] - 净利润为200万美元，利润率为3%[2] - 调整后EBITDA为2110万美元，利润率为31%[2] - 从经营活动中获得1190万美元现金流[2] - 2024年上半年总收入为1.339亿美元，同比增长12.8%[41] - 2024年上半年毛利为8.338亿美元，毛利率为62.2%[41] - 2024年上半年调整后EBITDA为3.613亿美元，同比增长99.1%[48] - 2024年上半年调整后EBITDA利润率为27%，较上年同期提高12个百分点[48] 业务表现 - 货币化广告曝光量同比增长12%[2] - 供应路径优化(SPO)业务占总业务的50%以上[2] - 移动应用和CTV等高价值广告形式收入同比增长15%，占总收入的78%[12] - CTV等视频广告收入同比增长19%[12] - 前10大广告行业收入同比增长18%[13] 财务状况 - 2024年6月30日现金及现金等价物为7.352亿美元[40] - 2024年6月30日应收账款净额为3.516亿美元[40] - 2024年6月30日总资产为6.731亿美元[40] - 2024年6月30日总负债为3.904亿美元[40] - 2024年6月30日股东权益为2.827亿美元[40] - 2024年6月30日三个月和六个月的净收入(亏损)、调整后EBITDA和非GAAP净收入包括与谷歌隐私沙盒集成相关的其他收益4.0百万美元[53] - 2024年6月30日三个月的自由现金流为6,913万美元，六个月为2.3175亿美元[55] - 2024年6月30日三个月的营业活动产生的现金流为1.1944亿美元，六个月为3.6238亿美元[55] - 2024年6月30日三个月的资本支出为736万美元，六个月为1,537万美元[55] - 2024年6月30日三个月的资本化软件开发成本为4,295万美元，六个月为1.1526亿美元[55] 其他 - 从第三季度开始，公司不再从调整后EBITDA和非GAAP净收入中排除马丁收购的关键员工的收购后现金补偿协议的影响[53]

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 ...

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 ...

Investors might want to bet on PubMatic, Inc. (PUBM) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.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.The power ...

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 Quart ...

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 ...