PubMatic Inc. (PUBM) video advertising revenue jumped by triple-digits in its first press release following its IPO in December 2020. The stock rose 30% to $ 60.27 as a result of the report. The market capitalization was $ 2.85 billion. PubMatic Inc.’s stock is up 22.57% in the past week and 59.19% in the past month. Its price is up 115.56% year-to-date.

Revenue for the quarter grew 64 % year over year to $56.2 million. Earnings rose from $ 4.1 million to $ 18.8 million, or $0.34 per share, in Q4 2019 to $ 18.8 million, or $0.34. By the end of 2020, revenue increased 31%, reaching $ 148.7 million. These indicators were $ 26.6 million, or $ 0.46 per share, whereas a year earlier, they were $ 6.6 million and $ 0.04.

PubMatic is a cloud-based ad sales platform that is comparable to its more well-known competitor Magnite. Publishers and app developers can monetize with PubMatic tools by more effectively engaging older audiences and attracting new subscribers.

Streaming, on-demand video, and connected television advertising all show higher growth rates than advertising in the other segments. Revenue in this segment increased by 100% YoY in the fourth quarter. Young people are increasingly attracted to video content, and PubMatic may be one of the industry’s growth beneficiaries in this direction.

Compared to the previous years, in which internet services demand soared because of COVID-19, PubMatic expects growth to be less rapid in 2021. Revenues will be between $ 180 million and $ 185 million (+ 21 – 24%) by the end of the current business year. An adjusted EBITDA margin of 25 – 27 % is expected to be achieved.

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