Thursday, November 10, 2016 8:01:29 AM
Nov. 9, 2016 8:10 PM ET|About: TubeMogul (TUBE)|By: Jason Aycock, SA News Editor
TubeMogul (TUBE -0.3%) wrapped the after-hours trading session up 3.3% after posting Q3 revenues that beat expectations and raising full-year guidance above consensus.
Revenues grew 21% to $56.1M, and total spend rose 34% to $138.3M. The company posted wider losses, however (operating loss of $11.1M vs. a year-ago operating loss of $3M, and GAAP net loss of $12.4M vs. the prior year's loss of $3.8M).
Revenue breakout: Platform direct, $20.9M (up 16.9%); Platform Services, $35.2M (up 23%).
The company boosts its 2016 guidance for revenue (GAAP basis) of $220M-$222M (above consensus for $219.6M), total spend of $562M-$564M, gross profit of $151M-$153M and EBITDA of $4M-$6M (well above expectations for $1M).
For Q4, it's forecasting revenue of $66M-$68M (in line with expectations) and EBITDA of $6M-$8M (vs. expected $5.7M), as well as total spend of $172M-$174M and gross profit of $45M-$47M.
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http://seekingalpha.com/news/3223131-tubemogul-plus-3_3-percent-revenue-beat-strong-guidance
TUBE
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