Business
PubMatic Announces Fourth Quarter and Fiscal Year Ended 2021 Financial Results
Delivered record Q4 2021 revenue of $75.6 million, representing 34% growth, GAAP net income margin of 37% and adjusted EBITDA margin of 51%Full year record
About this update from Pubmatic, Inc.
[{"type":"text","content":"Delivered record Q4 2021 revenue of $75.6 million, representing 34% growth, GAAP net income margin of 37% and adjusted EBITDA margin of 51%Full year record revenue of $226.9 million, representing 53% growth, GAAP net income margin of 25% and adjusted EBITDA margin of 42% NO-HEADQUARTERS/REDWOOD CITY, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) -- PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today reported financial results for the fourth quarter and fiscal year ended December 31, 2021. “For the second consecutive year, we delivered an incredible combination of revenue growth and profitability. Organic revenue growth in 2021 was 53% over last year, reflecting significant market share gains in a large and rapidly growing market,” said Rajeev Goel, co-founder and CEO at PubMatic. “PubMatic delivers the digital advertising supply chain of the future where both publishers and buyers can maximize value. Our infrastructure-driven approach, combined with our usage-based software model, strengthens our competitive advantages and funds continuous innovation and investment in future growth. This flywheel underpins our strong position in the market and I couldn’t be more excited about the number and magnitude of growth opportunities in front of us.” Fourth Quarter 2021 Financial Highlights Revenue in the fourth quarter of 2021 was $75.6 million, an increase of 34% over $56.2 million in the same period of 2020;GAAP net income1 was $28.2 million, or $0.50 per diluted share in the fourth quarter, an increase over net income of $18.8 million, or $0.34 per diluted share in the same period of 2020;Net dollar-based retention2 was 149% for the trailing twelve months ended December 31, 2021, an increase from 122% in the comparable trailing twelve month period a year ago;Adjusted EBITDA was $38.9 million, or 51% margin, compared to adjusted EBITDA of $26.9 million in the same period of 2020;Non-GAAP net income was $27.1 million, or $0.48 per non-GAAP diluted share in the fourth quarter, compared to non-GAAP net income of $19.7 million, or $0.36 per non-GAAP diluted share in the same period of 2020; andNet cash provided by operating activities was $28.5 million, an increase of 230%, compared to $8.6 million in the same period of 2020. Fiscal Year 2021 Financial Highlights Reve...