Filing Flows › PubMatic (PUBM) › Q4 2024
PubMatic (PUBM) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
PubMatic (PUBM) reported revenue of $85.5M for the fourth quarter 2024 (Q4 2024), +1% from a year earlier and +19% from the quarter before. Operating margin was 17.3%, net earnings $13.9M (16.3% of revenue).
PubMatic, Q4 2024: revenue $85.5M (+1% year over year), operating margin 17.3%, net earnings $13.9M, operating cash flow $18.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $85.5M | +19% | +1% |
| Gross profit | $60.6M | +31% | +0.3% |
| Operating profit | $14.8M | — | -27% |
| Net earnings | $13.9M | — | -26% |
| Operating cash flow | $18.0M | -6% | -37% |
| Free cash flow | $8.9M | — | — |
What changed
Revenue was $85.5M in Q4 2024, up 1% year over year and up 19% from the previous quarter.
Gross margin was 70.8%, down 0.5 points from a year earlier. Operating profit was $14.8M, a 17.3% margin (down 6.8 points year over year). Operating profit fell $5.6M even though revenue rose $902K versus a year earlier, so costs grew faster than sales. Operating expenses grew 14% against revenue growth of 1%. The fastest-growing cost line was Sales & marketing (+17%). Net earnings were $13.9M, down 26% year over year. The effective tax rate was 24.5%.
Operating cash flow was $18.0M (down 37% year over year), 130% of net earnings. Non-cash charges added back $5.7M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items used $11.0M. After capitalized software development costs ($4.9M) and purchases of property and equipment ($4.3M), free cash flow as the company reports it was $8.9M.
Questions
What was PubMatic's revenue in the fourth quarter 2024?
PubMatic (PUBM) reported revenue of $85.5M for the fourth quarter 2024 (Q4 2024), +1% from a year earlier and +19% from the quarter before.
Was PubMatic profitable in the fourth quarter 2024?
Operating profit was $14.8M (17.3% of revenue) and net earnings $13.9M.
Source: PubMatic 10-K on SEC EDGAR.