TubeMogul reported its Q1 earnings on Tuesday, noting a 39% increase in revenue to $42.1 million compared to $30.3 million for the same period a year ago. Total spend was $112.8 million, an increase of 58% compared to $71.3 million in the first quarter of 2015.
Total spend, a major driver of TubeMogul’s revenue, refers to the amount of money TubeMogul's customers spend through its platform, including the cost of media purchases and fees.
Gross profit was $30.4 million, an increase of 38% compared to $22.0 million in the first quarter of 2015, while operating loss was $8.6 million, compared to an operating loss of $5.7 million in the first quarter of 2015.
Here are a few of TubeMogul’s Q1 highlights:
Separately, TubeMogul promoted Paul Joachim to chief administrative officer and hired Ron Will as chief financial officer. Will was previously CFO at BrightRoll and vice president of finance and treasurer at Yahoo.