NASDAQ$PUBM
PUBMATIC INC-CLASS A · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Delivered revenue and adjusted EBITDA above guidance and raised 2021 financial outlook.
PubMatic reported a strong first quarter with revenue of $43.6 million, a 54% increase year-over-year, and net income of $4.9 million. The company's performance was driven by multiple organic growth drivers and an omnichannel platform, leading to raised full year outlook for 2021.
- Revenue increased by 54% year-over-year to $43.6 million.
- Net income increased to $4.9 million, or $0.09 per diluted share.
- Adjusted EBITDA was $14.5 million, compared to $5.1 million in the same period of 2020.
- Net dollar-based retention was 130% for the trailing twelve months ended Q1 2021.
Headline financials
Revenue & EPS history
PubMatic · Revenue · Quarterly
$43.6M
Revenue by segment
PubMatic · $21M total across 1 segment · Q3 2023
- Omnichannel Video$21M—100.0%
Forward guidance
For the second quarter 2021, PubMatic expects revenue to be in the range of $45 million to $46 million, representing growth of 70% to 75% over Q2 2020. They expect adjusted EBITDA to be in the range of $14 million to $15 million representing, 31% to 33% margin. For the full year 2021, they are raising their outlook and they now expect revenue to be in the range of $195 million to $200 million representing year-over-year growth of 31% to 34% over 2020. They now expect adjusted EBITDA to be in the range of $54 million to $58 million or 27% to 29% margin.
Tailwinds
- Expect revenue to be in the range of $45 million to $46 million for Q2 2021, representing growth of 70% to 75% over Q2 2020.
- Expect adjusted EBITDA to be in the range of $14 million to $15 million for Q2 2021, representing 31% to 33% margin.
- Raising full year 2021 revenue outlook to be in the range of $195 million to $200 million, representing year-over-year growth of 31% to 34% over 2020.
- Raising full year 2021 adjusted EBITDA outlook to be in the range of $54 million to $58 million, or 27% to 29% margin.
- Guidance assumes that the global economy continues to recover and they do not have any major COVID-19 related setbacks that may cause economic conditions to deteriorate or otherwise significantly reduce advertiser demand.
Headwinds
- Guidance is based on the assumption that the global economy continues to recover.
- Major COVID-19 related setbacks may cause economic conditions to deteriorate.
- Economic conditions may significantly reduce advertiser demand.
- Certain elements of the composition of GAAP net income, including stock-based compensation expenses, are not predictable.
- Unable to provide guidance on net income or to reconcile adjusted EBITDA guidance to net income without unreasonable efforts.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+2.6%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+3.5%
Avg return
30 days after
52%
12 / 23 earnings
Positive
+43.5%
Q3 2025
Best reaction
-36.0%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -3.6% | +13.9% | |
| Q4 2025 | +14.7% | +23.5% | +15.8% | |
| Q3 2025 | +43.5% | +23.3% | +22.0% | |
| Q1 2025 | +1.1% | +6.5% | +9.6% | |
| Q4 2024 | -23.9% | -23.3% | -33.6% | |
| Q3 2024 | -0.7% | -9.1% | +1.0% | |
| Q2 2024 | -25.8% | -25.4% | -23.5% | |
| Q1 2024 | -4.0% | -4.4% | -9.3% | |
| Q4 2023 | +25.2% | +28.8% | +42.2% | |
| Q3 2023 | +24.5% | +23.8% | +42.3% | |
| Q2 2023 | -36.0% | -30.8% | -30.2% | |
| Q1 2023 | +13.4% | +21.5% | +49.8% | |
| Q4 2022 | -7.6% | -10.2% | -11.0% | |
| Q3 2022 | -14.0% | +0.4% | -15.6% | |
| Q2 2022 | +26.1% | +34.0% | +8.6% | |
| Q1 2022 | -10.1% | +3.0% | -5.4% | |
| Q4 2019 | -22.6% | -29.1% | -14.6% | |
| Q4 2021 | -13.0% | -25.5% | -7.6% | |
| Q3 2020 | +24.3% | +19.3% | +20.3% | |
| Q3 2021 | +17.2% | +31.8% | +29.3% | |
| Q2 2021 | +10.2% | -5.6% | -7.7% | |
| Q1 2021 | -10.8% | -12.9% | -13.9% | |
| Q4 2020 | +27.6% | +37.2% | -2.1% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — |
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