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Jun 30, 2024
PubMatic Q2 2024 Earnings Report
PubMatic's Q2 2024 financial results were announced, featuring revenue growth and strategic advancements.
Key Takeaways
PubMatic reported Q2 2024 revenue of $67.3 million, a 6% increase year-over-year. The company achieved a net income of $2.0 million and an adjusted EBITDA of $21.1 million. Growth was driven by omnichannel video and mobile app revenue, with supply path optimization representing over 50% of total activity.
Revenue increased by 6% year-over-year, reaching $67.3 million.
Omnichannel video revenue grew by 19% year-over-year.
Net income was $2.0 million, with a 3% margin.
Adjusted EBITDA was $21.1 million, representing a 31% margin.
PubMatic
PubMatic
PubMatic Revenue by Segment
Revenue by Segment
Omnichannel Video (incl. CTV) Revenue
CapyFin.com Forward Guidance
PubMatic anticipates Q3 2024 revenue between $65 million and $67 million, with an adjusted EBITDA margin of approximately 24%. Full year 2024 revenue is expected to be between $288 million and $292 million, with an adjusted EBITDA margin of approximately 31%.
Positive Outlook
- Focus on key operating priorities.
- Continued investment in long-term growth.
- Expected stabilization of bidding activity.
- Anticipated full year incremental margin expansion.
- Growth in fastest growing areas of the business.
Challenges Ahead
- Headwind from one of the top DSP buyers that revised its bidding approach in late May.
- Continued softness from certain ad verticals.
- General market conditions do not significantly deteriorate further as it relates to current macroeconomic and geopolitical conditions.
- Revenue to be between $65 million to $67 million for Q3 2024.
- Adjusted EBITDA to be in the range of $15 million to $17 million for Q3 2024.