Business
PubMatic Announces Fourth Quarter and Fiscal Year Ended 2022 Financial Results; Board of Directors authorized $75 million share repurchase program
Revenue from omnichannel video, including CTV, grew 42% in 2022 over 2021;Delivered FY 2022 record revenue of $256.4 million, or 13% growth over 2021; GAAP
About this update from Pubmatic, Inc.
[{"type":"text","content":"Revenue from omnichannel video, including CTV, grew 42% in 2022 over 2021;Delivered FY 2022 record revenue of $256.4 million, or 13% growth over 2021; GAAP net income margin of 11% and adjusted EBITDA margin of 38%;Generated $87.2 million in cash from operating activities;Added 429 new and expanded publisher relationships in 2022;Supply Path Optimization represented 30%+ of total activity in 2022 NO-HEADQUARTERS/REDWOOD CITY, Calif., Feb. 28, 2023 (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, 2022. “We continued to organically outpace the global digital ad market forecasts, with total revenue in 2022 up 13% over last year. Our estimated market share at the end of 2022 rose to 4-4.5%, significantly up from when we went public just over two years ago. As the ecosystem grows more complex, we believe the need for greater efficiency is driving publishers and buyers toward independent platform providers like PubMatic to help them better compete,” said Rajeev Goel, co-founder and CEO at PubMatic. “Recent actions to organize more of our resources toward higher-growth formats and channels such as CTV and online video will diversify our revenue mix while delivering strong, profitable growth. We remain focused on acquiring new customers and deepening integrations with existing customers which we expect will position us well for when ad spend growth re-accelerates. In addition, the investments we’ve made over the last several years and our strong financial profile gives us a significant competitive advantage for sustainable, long-term market share gains.” Fiscal Year 2022 Financial Highlights Revenue in the full year 2022 was $256.4 million, an increase of 13% over $226.9 million in 2021;GAAP net income1 was $28.7 million, or $0.50 per diluted share in 2022, compared to net income of $56.6 million, or $1.00 per diluted share in 2021;Adjusted EBITDA was $98.0 million, or 38% margin, compared to adjusted EBITDA of $96.3 million, or 42% margin, in 2021;Non-GAAP net income was $52.2 million, or $0.92 per non-GAAP diluted share in 2022 compared to non-GAAP net income of $64.7 million, or $1.14 per non-GAAP diluted share in 2021;Net cash provided by operating...