NASDAQ$PUBM

PUBMATIC INC-CLASS A · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Demonstrated differentiated market position across the digital advertising ecosystem, delivering record total revenue with year-over-year growth.

PubMatic reported a record fourth quarter and full year 2020, driven by multiple growth factors. Q4 2020 saw a 64% year-over-year revenue increase, a 356% net income growth, and a 190% Adjusted EBITDA growth.

  • Delivered impressive year-over-year revenue growth of 64% in the fourth quarter.
  • Growth was driven by strength across a number of advertising verticals including eCommerce, Technology, Personal Finance and robust omnichannel video growth including OTT/CTV
  • Usage-based business model is highly efficient and built on what we believe are long-term structural advantages
  • Continue to focus on growing our market share via new publisher acquisition, existing customer growth, and buy-side spend consolidation.

Headline financials

Total Revenue

$56.2M

Previous: $114M-50.6%
EPS (adj)

$0.34

Previous: $0.04+750.0%
Capital Expenditures

$11.3M

Previous: $9.55M+18.2%
Free Cash Flow

-$2.67M

Previous: $25.6M-110.4%
Net Income

$0.00

Previous: $4.12M-100.0%
Operating Income

$0.00

Previous: $5.87M-100.0%
Gross Profit

$44.8M

Previous: $25.1M+78.7%
Cash & Equivalents

$81.2M

Previous: $34.3M+137.0%
Total Assets

$371M

No prior period

Revenue & EPS history

PubMatic · Revenue · Quarterly

$56.2M

Q4 2020-50.6%vs Q4 2019
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Revenue by segment

PubMatic · $21M total across 1 segment · Q3 2023

  • Omnichannel Video
    $21M

Forward guidance

Guidance assumes that the global economy continues to recover and we do not have any major COVID-19 related setbacks that may cause economic conditions to deteriorate or significantly reduce advertiser demand.

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 Q4 2020

Historical avgQ4 2020

+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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