PubMatic Announces Record Fourth Quarter and Fiscal Year Ended 2023 Financial Results; Board of Directors Expands Share Repurchase Program by $100 Million
NO-HEADQUARTERS/REDWOOD CITY, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
- In addition to top line revenue acceleration, we continued our long track record of strong profitability, high margins, and generated record free cash flow.
- Ended Q4 2023 with over 45% of total activity coming from Supply Path Optimization (SPO), up from 34% in Q4 2022.
- On February 26, 2024 we announced that our Board of Directors has authorized an extension of our existing share repurchase program.
- For the first quarter of 2024, we expect revenue to be in the range of $61 million to $63 million.