PubMatic Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
PUBM$19.03+6.9%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $67,267 | $63,330 | $133,968 | $118,737 |
| Cost of revenue | 25,160 | 25,067 | 50,584 | 48,930 |
| Gross profit | 42,107 | 38,263 | 83,384 | 69,807 |
| Operating expenses: | ||||
| Technology and development | 8,659 | 6,730 | 16,619 | 13,247 |
| Sales and marketing | 23,095 | 19,810 | 47,910 | 42,937 |
| General and administrative(1) | 14,338 | 18,857 | 28,365 | 31,429 |
| Total operating expenses | 46,092 | 45,397 | 92,894 | 87,613 |
| Operating loss | (3,985) | (7,134) | (9,510) | (17,806) |
| Interest income | 2,340 | 2,176 | 4,904 | 4,067 |
| Other income (expense), net | 4,028 | (221) | 4,286 | (686) |
| Income (loss) before income taxes | 2,383 | (5,179) | (320) | (14,425) |
| Provision for (benefit from) income taxes | 412 | 545 | 163 | (2,830) |
| Net income (loss) | $1,971 | $(5,724) | $(483) | $(11,595) |
| Basic net income (loss) per share of Class A and Class B stock | $0.04 | $(0.11) | $(0.01) | $(0.22) |
| Diluted net income (loss) per share of Class A and Class B stock | $0.04 | $(0.11) | $(0.01) | $(0.22) |
| Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: | ||||
| Basic | 49,780 | 52,029 | 49,910 | 52,383 |
| Diluted | 55,577 | 52,029 | 49,910 | 52,383 |
(1)Amounts for the three and six months ended June 30, 2023 include a provision for bad debt of $5.7 million relating to a Demand Side Platform (“DSP”) buyer of our platform that filed for Chapter 11 bankruptcy.
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