NASDAQ$PUBM

PUBMATIC INC-CLASS A · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Delivered record revenue, generated GAAP net income, and achieved best-in-class organic revenue growth and adjusted EBITDA margin.

PubMatic announced record revenue of $58.1 million for Q3 2021, a 54% increase year-over-year. The company reported GAAP net income of $13.5 million and an adjusted EBITDA of $24.3 million. PubMatic is raising its full year 2021 financial outlook.

  • Revenue in Q3 2021 was $58.1 million, a 54% increase year-over-year.
  • GAAP net income was $13.5 million, or $0.24 per diluted share.
  • Adjusted EBITDA was $24.3 million, representing a 42% margin.
  • Net cash provided by operating activities was $26.4 million, a 617% increase year-over-year.

Headline financials

Total Revenue

$58.1M

Previous: $37.8M+53.7%
EPS (adj)

$0.24

Previous: $0.10+140.0%
Capital Expenditures

-$22.8M

Previous: $5.49M-516.0%
Free Cash Flow

-$9.32M

Previous: -$1.81M-415.5%
Net Income

$13.5M

Previous: $6.23M+117.1%
Operating Income

$14M

Previous: $7.79M+80.3%
Gross Profit

$42.1M

Previous: $27.3M+54.1%
Cash & Equivalents

$89.4M

Previous: $40.6M+120.1%
Total Assets

$439M

No prior period

Revenue & EPS history

PubMatic · Revenue · Quarterly

$58.1M

Q3 2021+53.7%vs Q3 2020
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

For the fourth quarter 2021, we expect revenue to be in the range of $74 million to $76 million, representing growth of 32% to 35% over Q4 2020. We expect adjusted EBITDA to be in the range of $28 million to $30 million, representing approximately a 40% margin.

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 Q3 2021

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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