Why PubMatic Stock Rose 38% Last Month
PUBMPubMatic(PUBM) The Motley Fool·2024-03-06 02:21

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% ye ...