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Jun 30, 2023
PubMatic Q2 2023 Earnings Report
PubMatic's Q2 2023 financial performance was marked by revenue out-performance, driven by strong customer relationships and the value of the PubMatic platform, despite macro headwinds.
Key Takeaways
PubMatic announced Q2 2023 financial results with a revenue of $63.3 million, slightly up from $63.0 million in the same period of 2022. The company's CTV revenue grew over 30% year over year, and supply path optimization accelerated to over 40% of total activity. However, GAAP net loss was reported at $5.7 million, and non-GAAP net income was $1.3 million.
Revenue reached $63.3 million, exceeding guidance.
CTV revenue increased by over 30% year over year.
Supply Path Optimization (SPO) grew to over 40% of total activity.
Net dollar-based retention was 100%.
PubMatic
PubMatic
PubMatic Revenue by Segment
Revenue by Segment
Omnichannel Video (incl. CTV) Revenue
CapyFin.com Forward Guidance
For the third quarter of 2023, PubMatic expects revenue to be between $58 million and $61 million, and adjusted EBITDA to be in the range of $13 million to $15 million, representing approximately a 23% margin at the midpoint. The company expects CapEx to be in the range of $10M – $13M for full year 2023.