NASDAQ$PUBM
PUBMATIC INC-CLASS A · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported revenue increase of 11% year over year, driven by omnichannel video growth of 45%, and GAAP net income of $3.3 million.
PubMatic reported Q3 2022 financial results with revenue of $64.5 million, an 11% increase year-over-year. The company generated a GAAP net income of $3.3 million and an adjusted EBITDA of $25.3 million.
- Revenue in the third quarter of 2022 was $64.5 million, an increase of 11% over the same period in 2021.
- Revenue from omnichannel video in the third quarter 2022 grew 45% over the same period last year.
- GAAP net income was $3.3 million, or $0.06 per diluted share in the third quarter.
- Adjusted EBITDA was $25.3 million, or 39% margin.
Headline financials
Revenue & EPS history
PubMatic · Revenue · Quarterly
$64.5M
Revenue by segment
PubMatic · $21M total across 1 segment · Q3 2023
- Omnichannel Video$21M—100.0%
Forward guidance
For the fourth quarter of 2022, PubMatic expects revenue of between $75 million to $78 million, representing approximately 1% year-over-year growth at the midpoint. Adjusted EBITDA is expected to be in the range of $33 million to $36 million, representing approximately a 45% margin at the midpoint.
Tailwinds
- Omnichannel video revenues are expected to grow.
- SPO activity is expected to increase.
- Continued growth faster than the market rate due to strength of omnichannel platform.
- Financial profile and selective growth investments.
- Expect adjusted EBITDA to be in the range of $33 million to $36 million, representing approximately a 45% margin at the midpoint.
Headwinds
- Conservative approach to guidance due to the continued possibility of global advertising spend deceleration which could impact business.
- Wider range of outcomes for the fourth quarter than typically seen, especially as Q4 revenue tends to be back-end weighted.
- Continued pressure on display formats that are disproportionately impacted by macro conditions.
- Uncertain economic environment.
- Possibility of global advertising spend deceleration.
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 2022
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro