Digital ad tech firm Rubicon Project on Tuesday released its second-quarter 2015 earnings, reporting revenue of $53 million on the quarter, up 88% year-over-year.
That’s well over the $41.5 million to $42.5 million the company projected it would pull in during the quarter. The better-than-expected revenue has helped shares of Rubicon, at press time, to jump over 15% in after-hours trading.
The company did, however, report a net loss of $11.9 million -- more than the $9.4 million net loss it reported during the same quarter a year ago.
Despite the net loss, there was growth in other categories. Rubicon says it managed $227.2 million in revenue during the second quarter of 2015, up 48% during the same period one year ago.
Frank Andante, CEO, founder and
chief product architect of Rubicon, also asserted that the company has grown its “order” offering — also known as “programmatic direct” or “automated
guaranteed” — and reiterated the company’s growth on the mobile front. Rubicon released data ahead of its second quarter earnings call highlighting its gains in mobile,
noting that 20% of its managed revenue comes from mobile.
Rubicon projects revenue for the third quarter of 2015 to land in the $63 to $65 million range. The company has also bumped its full-year 2015 guidance from $203 to $206 million up to $246 to $250 million. These estimates include expected contributions from Chango, the ad tech platform that Rubicon acquired earlier this year. Rubicon says Chango's technology is now fully integrated with its own technology.