PubMatic Inc. (PUBM) Tops Q1 EPS by 20c, provides guidance

PubMatic Inc. (NASDAQ: PUBM) reported Q1 EPS of $0.09, $0.20 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $66.7 million versus the consensus estimate of $61.97 million.

GUIDANCE:

PubMatic Inc. sees Q2 2024 revenue of $69-71 million, versus the consensus of $68.781 million. Adjusted EBITDA to be in the range of $17 million to $19 million, representing approximately a 26% margin at the midpoint.

For the full year 2024, we are raising revenue and adjusted EBITDA guidance and expect the following:

Year-over-year revenue to be between $296 million and $304 million, versus the guidance of $295.5 million, representing approximately 12% growth at the midpoint.
Adjusted EBITDA to be in the range of $90 million to $94 million, representing approximately 31% margin at the midpoint.
Free cash flow to be in line with 2023
CapEx to be in the range of $16 million – $18 million

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

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