NASDAQ$PUBM
PUBMATIC INC-CLASS A · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
PubMatic's Q3 2024 financial performance was marked by exceeding expectations with revenue growth driven by CTV and mobile app, and strategic advancements in sell-side technology.
PubMatic announced strong Q3 2024 results, exceeding expectations with revenue of $71.8 million, a 13% increase year-over-year. The company saw significant growth in omnichannel video, up 25%, and reported a gross profit of $46.3 million, up 23% year-over-year. Despite a net loss of $(0.9) million, adjusted EBITDA reached $18.5 million. The company actively repurchased 3.6 million shares year-to-date, demonstrating a commitment to shareholder value.
- Revenue reached $71.8 million, a 13% increase compared to Q3 2023.
- Omnichannel video revenue grew by 25% year-over-year.
- Adjusted EBITDA was $18.5 million, representing a 26% margin.
- Net dollar-based retention was 112% for the trailing twelve months ended September 30, 2024.
Headline financials
Revenue & EPS history
PubMatic · Revenue · Quarterly
$71.8M
Revenue by segment
PubMatic · $21M total across 1 segment · Q3 2023
- Omnichannel Video$21M—100.0%
Forward guidance
PubMatic anticipates revenue between $86 million and $90 million for Q4 2024, with an adjusted EBITDA margin of approximately 40% at the midpoint. For the full year 2024, the company expects revenue between $292 million and $296 million, representing approximately 10% growth at the midpoint, and an adjusted EBITDA margin of approximately 31% at the midpoint.
Tailwinds
- Revenue to be between $86 million to $90 million for Q4 2024.
- Adjusted EBITDA to be in the range of $34 million to $37 million for Q4 2024.
- Adjusted EBITDA margin approximately 40% at the midpoint for Q4 2024.
- Year-over-year revenue to be between $292 million and $296 million for full year 2024.
- Adjusted EBITDA to be in the range of $89 million to $92 million for full year 2024.
Headwinds
- Guidance reflects a balance between fastest growing areas and continued headwinds.
- Headwind from one of the top DSP buyers that revised its auction approach in late May.
- Guidance assumes that general market conditions do not significantly deteriorate.
- Unable to provide guidance for net income, the most directly comparable GAAP measure.
- Certain elements of GAAP net income, including stock-based compensation expenses, are not predictable.
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 2024
+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