PubMatic: Revenue Miss, Profit Soars

PubMatic (NASDAQ:PUBM), a leader in programmatic digital advertising technology, released its second-quarter earnings for 2024 on August 8, 2024. A key highlight was its revenue of $67.3 million, which fell short of management's guidance range of $69 million to $71 million. Nevertheless, the company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $21.1 million significantly outperformed the management's forecast of $17 million to $19 million.Net income saw a remarkable turnaround from a loss of $5.7 million last year to a profit of $2 million this quarter, indicating improved operational efficiency overall.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool