PubMatic Sees FY24 Revenue $288M-$282M Vs $300.3M Estimate
Portfolio Pulse from Benzinga Newsdesk
PubMatic has revised its FY24 revenue guidance to $288M-$282M, which is below the previous estimate of $300.3M.
August 08, 2024 | 9:37 pm
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PubMatic has lowered its FY24 revenue guidance to $288M-$282M, which is below the previous estimate of $300.3M. This revision may negatively impact investor sentiment and the stock price in the short term.
The downward revision in revenue guidance indicates potential challenges in achieving previously expected growth, which could lead to negative investor sentiment and a decline in the stock price.
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