PubMatic, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024
February 26, 2024 at 04:05 pm EST
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PubMatic, Inc. provided earnings guidance for the first quarter and full year of 2024. For the quarter, the company expects revenue to be in the range of $61 million to $63 million.
For the full year, the company expects year-over-year revenue growth of over 10%, or over 12% excluding Yahoo.
PubMatic, Inc. (PubMatic) is a technology company, which provides a cloud infrastructure platform that enables real-time programmatic advertising transactions. The Company's sell-side platform enables digital content creators across the open Internet to control access to their inventory and increase monetization by enabling marketers to drive return on investment and reach addressable audiences across ad formats and devices. The Companyâs cloud infrastructure platform provides monetization for publishers by providing demand through its relationships with buyers. PubMatic's cloud infrastructure is designed for the efficient processing of real-time, programmatic ad transactions and the aggregation and analysis of the significant data accompanying each transaction. The Company's omnichannel platform supports a range of ad formats and digital device types, including mobile apps, mobile Web, desktops, displays, video, over-the-top (OTT), connected television (CTV), and rich media.