NASDAQ$PUBM
PUBMATIC INC-CLASS A · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Revenue and adjusted EBITDA exceeded guidance, net income achieved with 3% margin, and cash from operating activities generated.
PubMatic's Q3 2023 results show revenue of $63.7 million, net income of $1.8 million, and adjusted EBITDA of $18.2 million. Supply Path Optimization (SPO) reached 45% of total activity, and the company generated $17.2 million in free cash flow.
- Revenue reached $63.7 million.
- Net income was $1.8 million, representing a 3% margin.
- Adjusted EBITDA totaled $18.2 million, a 29% margin.
- Supply Path Optimization (SPO) accounted for 45% of total activity.
Headline financials
Revenue & EPS history
PubMatic · Revenue · Quarterly
$63.7M
Revenue by segment
PubMatic · $21M total across 1 segment · Q3 2023
- Omnichannel Video$21M—100.0%
Forward guidance
For the fourth quarter of 2023, PubMatic expects revenue between $76 million and $80 million, and adjusted EBITDA in the range of $32 million to $35 million, representing approximately a 43% margin at the midpoint.
Tailwinds
- Revenue to be between $76 million to $80 million.
- Adjusted EBITDA to be in the range of $32 million to $35 million.
- Adjusted EBITDA margin of approximately 43% at the midpoint.
- Full year 2023 CapEx to be in the range of $10M – $13M, a decrease of approximately 70% over 2022.
- Macroeconomic and geopolitical conditions continue to be challenging and advertisers remain cautious, particularly with respect to brand advertising.
Headwinds
- Macroeconomic and geopolitical conditions continue to be challenging.
- Advertisers remain cautious, particularly with respect to brand advertising.
- Outlook reflects challenging conditions alongside recent positive trends in the business.
- Assumes business conditions remain stable without significant deterioration.
- Company is not able to provide guidance for net income, the most directly comparable GAAP measure.
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 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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