AdTech and Media PRISM Index Leader PubMatic, Inc. Rises 27% On Earnings Beat

Digital advertising tech company PubMatic, Inc. (PUBM) has rose ~27% after announcing record earnings after the market closed on Monday. The stock is currently trading around $21/share with 1.7M shares being traded compared to its 3-month average trading volume of 360K. The company currently leads the PRISM Emerging AdTech and Media Index.

PubMatic, Inc. specializes in providing publishers and advertisers with advanced solutions to optimize their advertising revenue and efficiency. The company offers a comprehensive platform that enables publishers to manage and monetize their digital advertising inventory across various formats and channels, including display, mobile, video, and connected TV. Through its cutting-edge technology and data-driven insights, PubMatic helps publishers maximize their yield while delivering targeted and engaging advertising experiences to audiences worldwide.

In its recent Q4 and full year 2023 earnings announcement PubMatic, exceeded Q4 revenue and adjusted EBITDA guidance, generated 81M in cash from operations for the year and expanded its share repurchase program. Next week, PubMatic will be presenting at the JMP Tech and KeyBanc Emerging Tech Conferences.

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About the Author

AdTech and Media PRISM Index Leader PubMatic, Inc. Rises 27% On Earnings Beat

Ashlee Vogenthaler

Markets Editor