NASDAQ$PUBM
PUBMATIC INC-CLASS A · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
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.
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%.
Headline financials
Revenue & EPS history
PubMatic · Revenue · Quarterly
$63.3M
Revenue by segment
PubMatic · $19.6M total across 1 segment · Q2 2023
- Omnichannel Video$19.6M—100.0%
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.
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 Q2 2023
+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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