PubMatic, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 26, 2024 at 04:06 pm EST
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PubMatic, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 84.6 million compared to USD 74.3 million a year ago. Net income was USD 18.7 million compared to USD 12.78 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.22 a year ago.
For the full year, sales was USD 267.01 million compared to USD 256.38 million a year ago. Net income was USD 8.88 million compared to USD 28.71 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.5 a year ago.
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. Its 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.
PUBMATIC, INC. 
