• 16
  • 7
  • 收藏

Why Are PubMatic Shares Trading Higher Premarket?

Benzinga2021-11-10

  • Oppenheimer analyst Jason Helfstein raised the price target on PubMatic Inc to $50 from $45, implying a 55.7% upside, and reiterated an Outperform.
  • The company's Q3 results and guidance suggest it is gaining share and has been able to turn Apple Inc's (NASDAQ: AAPL) Identifier for Advertisers and advertisers to focus on the removal of cookies into a tailwind.
  • The analyst believes PubMatic is "successfully moving closer to advertisers and agencies."
  • PubMatic reported third-quarter FY21 revenue growth of 54% year-on-year to $58.1 million.
  • "This quarter marks our fourth consecutive quarter of organic revenue growth above 50% and adjusted EBITDA margin over 30%," CEO Rajeev Goel said.
  • PubMatic processed 23.9 trillion impressions in Q3, a 103% increase Y/Y as publishers continued to expand their inventory on the PubMatic platform.
  • Revenue from fast-growing advertising formats mobile and omnichannel video, which includes CTV, grew 64% Y/Y.
  • Revenue from CTV grew by over seven times Y/Y. PubMatic programmatically monetized CTV inventory from 154 publishers, up from 114 publishers in Q2 of 2021.
  • Outlook: PubMatic sees Q4 revenue of $74 million - $76 million, above the consensus of $62.2 million.
  • PubMatic raised FY21 revenue outlook to $225 million - $227 million (previously $205 million - $209 million), above the consensus of $208 million.
  • PubMatic sees FY22 revenue of at least $281 million, above the consensus of $260.22 million.
  • Price Action:PUBM shares traded higher by 24.5% at $39.98 in the premarket session on the last check Wednesday.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论7

  • 458fd99c
    ·2021-11-10
    Ok
    回复
    举报
    收起
    • 458fd99c
      Yes
      2021-11-10
      回复
      举报
  • Dave123
    ·2021-11-10
    Like
    回复
    举报
    收起
  • JeJu
    ·2021-11-10
    Like
    回复
    举报
    收起
    • 674575e6回复kt888
      ok
      2021-11-10
      回复
      举报
    • kt888
      ok
      2021-11-10
      回复
      举报
    • JeJu
      Ok
      2021-11-10
      回复
      举报
  • Jimmyboy
    ·2021-11-10
    Pls like
    回复
    举报
    收起
  • Chororo
    ·2021-11-10
    回复
    举报
    收起
    • Chororo
      2021-11-10
      回复
      举报
  • fongms
    ·2021-11-10
    Cool
    回复
    举报
  • Tazlim
    ·2021-11-10
    Pls like
    回复
    举报
    收起
    • canoboi
      like
      2021-11-10
      回复
      举报
 
 
 
 

热议股票

 
 
 
 
 

7x24