earnings
confidence high
sentiment negative
materiality 0.75
PubMatic Q2 revenue $63.3M ahead of guidance; GAAP net loss $5.7M; CTV up 30% YoY
PubMatic, Inc.
2023-Q2 EPS reported
-$0.22
revenue$118,737,000
- Revenue $63.3M, ahead of guidance; CTV revenue grew over 30% YoY.
- GAAP net loss $(0.11)/share vs net income $0.14/share year ago; adjusted EBITDA $12.0M (19% margin) vs $23.0M (37%).
- Incremental bad debt expense ~$5.7M from demand-side platform buyer bankruptcy.
- Cash from operations $15.8M; free cash flow $10.8M; total cash $170.9M with no debt.
- Repurchased 1.8M shares for $27.5M; $47.5M remaining in buyback program.