PubMatic, a supply-side platform (SSP), on Thursday announced its annual revenue run rate has exceeded $130 million, an increase of 90% year-over-year. PubMatic also claims it was profitable for the second year in a row, and more than doubled its rate of profitability in 2014, though profit margins were not disclosed.
“Unlike technology companies-turned-publishers or exchanges, we never compete with the publishers we serve,” stated Rajeev Goel, co-founder and CEO of PubMatic. PubMatic’s position as one of the last remaining “purebred SSPs” has been highlighted before.
It’s possible PubMatic is eyeing a sale or an IPO; those goals would help explain why PubMatic, a private company, would release revenue reports. "Exit" possibilities have been surrounding PubMatic for some time, as well. Just over one year ago, it was reported that PubMatic was working toward an IPO that would value the company at more than $1 billion.
After another year of profitability, and a 90% increase in revenue run rate, perhaps the company is aiming even higher.