PubMatic, Inc. Provides Revenue Guidance for the Third Quarter of 2021 and Full Year of 2022
August 10, 2021 at 04:05 pm EDT
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PubMatic, Inc. provided revenue guidance for the third quarter of 2021 and full year of 2022. For the third quarter 2021, the company expects revenue to be in the range of $51 million to $53 million, representing growth of 35% to 39% over third quarter of 2020.
For the full year 2022, the company expects year over year revenue growth of 25%.
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.