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Mar 31, 2022
PubMatic Q1 2022 Earnings Report
PubMatic announced first quarter 2022 financial results, delivering revenue of $54.6 million, up 25% year over year.
Key Takeaways
PubMatic's Q1 2022 revenue reached $54.6 million, a 25% increase year-over-year. The company reported a GAAP net income of $4.8 million, with adjusted EBITDA at $17.0 million. They are actively investing in long-term growth and market share expansion.
Revenue in the first quarter of 2022 was $54.6 million, an increase of 25% over the same period of 2021.
GAAP net income was $4.8 million, or $0.08 per diluted share in the first quarter.
Adjusted EBITDA was $17.0 million, or 31% margin.
Net cash provided by operating activities was $19.3 million, an increase of 52%.
PubMatic
PubMatic
Forward Guidance
For the second quarter 2022, PubMatic expects revenue to grow 20% to 25% year over year in the range of $60 million to $62 million. We expect adjusted EBITDA to be in the range of $18 million to $20 million, representing approximately a 31% margin at the midpoint. For fiscal year 2022, based on anticipated supply path optimization activity, CTV growth and political spend in the second half, we are maintaining our prior guidance. We expect revenue to be in the range of $282 million to $286 million, representing year-over-year growth of 25% at the midpoint. We expect adjusted EBITDA to be in the range of $101 million to $106 million, or 36% to 37% margin.
Positive Outlook
- Revenue to grow 20% to 25% year over year in the range of $60 million to $62 million for Q2 2022.
- Adjusted EBITDA to be in the range of $18 million to $20 million for Q2 2022.
- Revenue to be in the range of $282 million to $286 million for fiscal year 2022.
- Year-over-year growth of 25% at the midpoint for fiscal year 2022.
- Adjusted EBITDA to be in the range of $101 million to $106 million for fiscal year 2022.
Challenges Ahead
- War in Ukraine.
- High inflation.
- Rising interest rates.
- Covid related issues.
- Economic conditions deteriorate or otherwise significantly reduce advertiser demand.