PubMatic Inc. (PUBM) Tops Q4 EPS by 25c ; Offers Guidance

PubMatic Inc. (NASDAQ: PUBM) reported Q4 EPS of $0.45, $0.25 better than the analyst estimate of $0.20. Revenue for the quarter came in at $84.6 million versus the consensus estimate of $78.2 million.

GUIDANCE:

PubMatic Inc. sees Q1 2024 revenue of $61-63 million, versus the consensus of $58.31 million.

We anticipate our adjusted EBITDA will improve as the year progresses driven by the full effect of our cost reductions, optimizations and ad spend growth recovery.
For the full year 2024, we expect:

Year-over-year revenue growth of over 10%, or over 12% excluding Yahoo
Adjusted EBITDA margin to be approximately 30%
Free cash flow to be in line with 2023
CapEx to be in the range of $16M – $18M

For earnings history and earnings-related data on PubMatic Inc. (PUBM) click here.

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