PubMatic reports FY 2024 revenue up 9% to $291.3M; CTV more than doubles to 20% of Q4 revenue

PubMatic, Inc.

2024-FY EPS reported $0.23 revenue$291,256,000

FY 2024 revenue $291.3M (+9% YoY); GAAP net income $12.5M ($0.23 diluted EPS) vs $8.9M ($0.16) in 2023.
Adjusted EBITDA $92.3M (32% margin) up 23% from $75.3M (28% margin); non-GAAP EPS $0.78 vs $0.57.
Q4 2024 revenue $85.5M (+1% YoY); GAAP net income $13.9M ($0.26) vs $18.7M ($0.34); adjusted EBITDA margin 44% vs 46%.
CTV revenue more than doubled year-over-year in Q4, representing 20% of total revenue; Supply Path Optimization 53% of activity in 2024.
Repurchased 4.3M shares in 2024 (7.9% of fully diluted shares); cash $140.6M, no debt.

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