PubMatic Q4 Earnings: Revenue, EPS Beat Expectations, Strong Guidance, Buyback Authorized
Portfolio Pulse from Adam Eckert
PubMatic, Inc. (NASDAQ:PUBM) reported Q4 earnings with revenue and EPS surpassing expectations and provided strong guidance for future growth. Q4 revenue was $84.6 million, exceeding estimates of $78.2 million, and EPS was 45 cents, beating the 20 cents estimate. The company experienced a 14% year-over-year revenue growth and a 48% increase in net cash from operating activities. Active publishers grew by 9% compared to 2022. Additionally, PubMatic announced a new stock buyback program authorizing up to $100 million in stock repurchases. The company forecasts Q1 revenue between $61 million and $63 million, above estimates, and expects full-year 2024 revenue growth to be above 10%.

February 26, 2024 | 10:00 pm
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PubMatic reported higher-than-expected Q4 earnings, announced a new stock buyback program, and provided optimistic future revenue guidance.
PubMatic's Q4 earnings beat, coupled with the announcement of a new stock buyback program and positive revenue guidance, is likely to instill confidence in investors and could lead to a short-term increase in the stock price. The after-hours trading surge of 26.74% indicates a positive market reaction to the news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100