secwatch.observer — SEC 8-K summary
======================================

Issuer:     PubMatic, Inc. (PUBM)
CIK:        0001422930
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001422930-25-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1422930/000142293025000009/0001422930-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1422930/000142293025000009/pubm-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001422930-25-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer