PubMatic, Inc. Provides Revenue Guidance for the Second Quarter and Revising Revenue Guidance for the Full Year 2024
May 07, 2024 at 04:05 pm EDT
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PubMatic, Inc. provided revenue guidance for the second quarter and revising revenue guidance for the full year 2024. For the second quarter of 2024, the company expects revenue to be between $69 million to $71 million.
For the full year 2024, the company is raising Year-over-year revenue to be between $296 million and $304 million, representing approximately 12% growth at the midpoint.
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.