Business
PubMatic Announces Third Quarter 2022 Financial Results
Delivered total revenue of $64.5 million, up 11% year over year, with omnichannel video growth of 45%;Generated $3.3 million in GAAP net income, or 5%
About this update from Pubmatic, Inc.
[{"type":"text","content":"Delivered total revenue of $64.5 million, up 11% year over year, with omnichannel video growth of 45%;Generated $3.3 million in GAAP net income, or 5% margin;Delivered $25.3 million in adjusted EBITDA, or 39% margin;Generated cash from operations of $28.1 million NO-HEADQUARTERS/REDWOOD CITY, Calif., Nov. 08, 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 third quarter ending September 30, 2022. “Our role in the ecosystem is only getting stronger, providing publishers with the critical tools and levers they need to control how their inventory and audiences are accessed,” said Rajeev Goel, co-founder and CEO at PubMatic. “Our proven ability to consolidate activity on our platform and grow market share stems from years of investment and focus in both technology and strong customer relationships, which is difficult to replicate. Despite the near-term economic pressure, we are well positioned to continue to gain market share. Because of our long term focus on both revenue growth and profitability, we are in a strong position to make select innovation investments while leveraging our existing infrastructure in the uncertain economic environment.” Third Quarter 2022 Financial Highlights Revenue in the third quarter of 2022 was $64.5 million, an increase of 11% over $58.1 million in the same period of 2021;Revenue from omnichannel video in the third quarter 2022 grew 45% over the same period last year;GAAP net income was $3.3 million, or $0.06 per diluted share in the third quarter, compared to GAAP net income of $13.5 million, or $0.24 per diluted share in the same period of 2021;Net dollar-based retention1 was 120% for the trailing twelve-months ended September 30, 2022, compared to 157% in the comparable trailing twelve-month period a year ago;Adjusted EBITDA was $25.3 million, or 39% margin, compared to adjusted EBITDA of $24.3 million, or a 42% margin, in the same period of 2021;Non-GAAP net income was $12.4 million, or $0.22 per diluted share in the third quarter, compared to Non-GAAP net income of $16.7 million, or $0.30 per diluted share in the same period of 2021;Net cash provided by operating activities was $28.1 million, compared to $26.4 million in the same period of 2021; andTotal...