PubMatic (PUBM) reported earnings on Tue 23 Feb 2021 (a/h)

• The company said revenue in the fourth quarter of 2020 was $56.2 million, up 64% year-over-year.
• The company’s chief financial officer Steve Pantelick said in a statement that the quarterly growth was driven by advertising strength in e-commerce, technology, personal finance and on streaming video.  

PubMatic beats by $0.02, beats on revs; guides Q1 revs above consensus; guides FY21 revs above consensus

Reports Q4 (Dec) earnings of $0.34 per share, $0.02 better than the S&P Capital IQ Consensus of $0.32; revenues rose 63.4% year/year to $56.2 mln vs the $47.57 mln S&P Capital IQ Consensus.

Co issues upside guidance for Q1, sees Q1 revs of $38.0-40.0 mln vs. $33.90 mln S&P Capital IQ Consensus.

• Expect Adjusted EBITDA to be in the range of $8.0 million to $9.0 million, or 21% to 23% margin. 
• Co issues upside guidance for FY21, sees FY21 revs of $180.0-185.0 mln vs. $168.78 mln S&P Capital IQ Consensus.
• We expect Adjusted EBITDA to be in the range of $45.0 million to $49.0 million or 25% to 27% margin.