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PubMatic Reports Strong Growth in a Tough Environment

·3 min read
PubMatic Reports Strong Growth in a Tough Environment
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Sell-side ad technology platform PubMatic (NASDAQ: PUBM) just put up some solid numbers for its shareholders -- particularly in light of the tough operating environment it's facing. PubMatic's 25% year-over-year growth in its first quarter is particularly impressive when investors consider the tough year-ago comparison the tech company was up against. Further, PubMatic's first-quarter 2022 revenue is above the midpoint of management's guidance range for the period, despite the macro environment for advertising budgets deteriorating (due primarily to the war in Ukraine and uncertainty surrounding the impact of rising interest rates on the economy) since the company provided its first-quarter outlook.