Business
PubMatic Announces Second Quarter 2021 Financial Results
Delivered revenue and adjusted EBITDA above guidance; Raises financial outlookMultiple growth drivers deliver year-over-year revenue growth of 88%, $9.9
About this update from Pubmatic, Inc.
[{"type":"text","content":"Delivered revenue and adjusted EBITDA above guidance; Raises financial outlookMultiple growth drivers deliver year-over-year revenue growth of 88%, $9.9 million in GAAP net income and $18.6 million in adjusted EBITDA NO-HEADQUARTERS/REDWOOD CITY, Calif., Aug. 10, 2021 (GLOBE NEWSWIRE) -- PubMatic, Inc. (Nasdaq: PUBM), a sell-side platform that delivers superior outcomes for digital advertising, today reported financial results for the second quarter ending June 30, 2021. “We delivered another great quarter, benefiting from a differentiated business model, multiple organic growth drivers, prior period investments, and accelerated digital ad spend,” said Rajeev Goel, co-founder and CEO at PubMatic. “We’re relentlessly focused on the growing value proposition we bring to publishers and buyers, and we believe our continued investments and innovation position us well to take advantage of the rapidly growing market. As we enter the second half of the year, we are well ahead of where we expected to be in terms of organic market share gains. We are growing at twice the rate of the overall digital ad market, giving us the confidence to raise our 2021 and 2022 expectations on both the top and bottom lines.” Second Quarter 2021 Financial Highlights Revenue in the second quarter of 2021 was $49.7 million, an increase of 88% over $26.4 million in the same period of 2020;GAAP net income was $9.9 million, or $0.18 per diluted share in the second quarter, an increase over net income of $0.7 million, or $0.00 per diluted share in the same period of 2020;Net dollar-based retention1 was 150% for the trailing twelve months ended June 30, 2021, an increase from 107% in the comparable trailing twelve month period a year ago; Adjusted EBITDA was $18.6 million, compared to adjusted EBITDA of $4.9 million in the same period of 2020; andTotal cash, cash equivalents, and marketable securities of $122.0 million with no debt, an increase of 11% in the quarter. The section titled “Non-GAAP Financial Measures” below describes our usage of non-GAAP financial measures. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data. __________________1 Net dollar-based retention is calculated by starting with the revenue from publishers in the trailing twelve months ended ...