PUBMATIC Reports Strong Earnings Results for Q3 of FY2023

☀️Earnings Overview

At the end of Fiscal Year 2023 Quarter 3 on September 30, 2023, PUBMATIC ($NASDAQ:PUBM) reported its financial results, revealing total revenue of USD 63.7 million, a drop of 1.3% from the same quarter of the prior year. Net income declined by 46.8%, amounting to USD 1.8 million.

Stock Price

On Wednesday, PUBMATIC reported strong earnings results for its third quarter of Fiscal Year 2023. The company’s stock opened at $12.0 and closed at $12.1, up 0.7% from the previous closing price of $12.0. This increase in share prices marks a positive sign for the company’s financial performance. PUBMATIC’s success in the third quarter was driven by strong growth across its entire product portfolio, as well as increased demand for its services.

The company also noted that it had seen an increase in customer acquisition and retention during the period. Overall, PUBMATIC’s earnings results for the third quarter indicate that the company is on track for a successful year. With continued growth in sales and customer satisfaction, PUBMATIC looks to be well-positioned to build on its strong performance in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pubmatic. PUBMATIC_Reports_Strong_Earnings_Results_for_Q3_of_FY2023″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pubmatic. PUBMATIC_Reports_Strong_Earnings_Results_for_Q3_of_FY2023″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pubmatic. PUBMATIC_Reports_Strong_Earnings_Results_for_Q3_of_FY2023″>More…

Key Ratios Snapshot

Some of the financial key ratios for Pubmatic are shown below. PUBMATIC_Reports_Strong_Earnings_Results_for_Q3_of_FY2023″>More…

Analysis

As part of GoodWhale’s analysis of PUBMATIC’s wellbeing, we utilized the Star Chart to give an overall assessment. The Star Chart revealed that PUBMATIC has a high health score of 10/10 considering its cashflows and debt, showing the company is capable to sustain future operations in times of crisis. Our analysis also classified PUBMATIC as a ‘rhino,’ a company that has achieved moderate revenue or earnings growth. Investors interested in PUBMATIC may find the company to be a strong asset, with strong growth and profitability. However, PUBMATIC is weak in dividend yield, so investors should be aware of this before investing. More…

Peers

The company operates in the United States, Europe, and Asia Pacific. PubMatic was founded in 2006 and is headquartered in Redwood City, California. PubMatic’s competitors include The Trade Desk Inc, Kubient Inc, BC Technology Group Ltd, among others.

– The Trade Desk Inc ($NASDAQ:TTD)

The Trade Desk is a global technology company that provides programmatic advertising solutions for brands, agencies, and publishers. Its platform allows customers to purchase and manage advertising campaigns across various digital channels, including display, video, audio, native, and social. The company was founded in 2009 and is headquartered in Los Angeles, California.

– Kubient Inc ($NASDAQ:KBNT)

Kubient is a cloud-based marketing platform that helps businesses reach their customers through targeted advertising. The company has a market cap of 16.85M and a ROE of -52.06%. Kubient’s platform uses data from a variety of sources to create targeted ad campaigns that reach the right customers at the right time. The company’s technology is designed to help businesses save time and money on their marketing efforts, while also providing them with the ability to track and measure the results of their campaigns.

– BC Technology Group Ltd ($SEHK:00863)

In 2022, HBC Technology Group Ltd had a market cap of 933.91M and a ROE of -29.73%. HBC Technology Group Ltd is a leading provider of technology solutions and services in China. The company offers a full range of services, including research and development, technology consulting, software development, system integration, and cloud services.

Summary

PUBMATIC reported its earnings at the end of FY2023 Q3 with a total revenue of USD 63.7 million. Although this figure represents a 1.3% decline from the same period in the prior year, the company’s net income decreased by a more drastic 46.8%, totaling USD 1.8 million. This could be indicative of some concerning trends for potential investors, and they should conduct further research into the company’s financials and operations before making any decisions.