earnings
confidence high
sentiment positive
materiality 0.70
PubMatic Q3 revenue and adjusted EBITDA beat guidance; SPO reaches 45%
PubMatic, Inc.
2023-Q3 EPS reported
-$0.19
revenue$182,414,000
- Revenue $63.7M (down 1% YoY), GAAP net income $1.8M ($0.03 EPS), exceeded guidance.
- Adjusted EBITDA $18.2M (29% margin) vs $25.1M (39%) YoY; Non-GAAP EPS $0.14.
- Supply Path Optimization activity rose to 45% of total, up from prior quarters.
- CTV revenue down 3% YoY but up 5% sequentially; net dollar retention 97%.
- Cash from ops $23.8M; free cash flow $17.2M; $46.6M used for share buybacks YTD.