We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. In its statement, the State Administration for Market Regulation concluded Alibaba had used data and algorithms “to maintain and strengthen its own market power and obtain improper competitive advantage.” Its practice of imposing a “pick one from two” choice on merchants “shuts out and restricts competition” in the domestic online retail market, according to the statement.The firm will be required to implement “comprehensive rectifications,” including strengthening internal controls, upholding fair competition and protecting businesses on its platform and consumers’ rights, the regulator said. And the central bank is said to be leading discussions around establishing a joint venture with local technology giants to oversee the lucrative data they collect from hundreds of millions of consumers, which would be a significant escalation in regulators’ attempts to tighten their grip over the country’s internet sector.“The high fine puts the regulator in the media spotlight and sends a strong signal to the tech sector that such types of exclusionary conduct will no longer be tolerated,” said Angela Zhang, author of “Chinese Antitrust Exceptionalism” and director of the Centre for Chinese Law at the University of Hong Kong. data is also slim with February GDP due on TuesdayECB policy maker speeches are scheduled from Isabel Schnabel, Fabio Panetta and Luis de Guindos all on Wednesday before a self-imposed quiet period kicks in ahead of the following week’s monetary policy decisionBOE policy maker Silvana Tenreyro speaks on Monday followed by Jonathan Haskel on Wednesday and Jonathan Cunliffe on FridayDBRS Ltd. reviews France on FridayFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. As the president mulls Democrat calls to cancel up to $50,000 in federally-backed student loan debt via executive order, a new analysis shows how $10,000 in forgiveness would affect borrowers in each U.S. state. Yahoo. But next year analysts predict EPS of $3.88 per share, which will cover the dividend, assuming oil and gas prices stay high. (BLK)’s plan to double the number of sustainable exchange-traded funds it offers to 150 by the end of this year is on track, thanks in part to two new mammoth ETFs. While that’s triple the previous high of almost $1 billion that U.S. chipmaker Qualcomm Inc. handed over in 2015, it’s far less than the maximum 10% allowed under Chinese law.The fine came with a plethora of “rectifications” that Alibaba will have to put in place -- such as curtailing the practice of forcing merchants to choose between Alibaba or a competing platform -- many of which the company had already pledged to establish.Read more: China Fines Alibaba Record $2.8 Billion After Monopoly ProbeAlibaba Chief Executive Officer Daniel Zhang on Saturday declared his company now ready to move on from its ordeal, while China’s Communist Party mouthpiece People’s Daily issued assurances that Beijing wasn’t trying to stifle the sector.The Hangzhou-based firm “has escaped possible outcomes such as a forced breakup or divestment of assets. Click here for webcast. Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. Exxon Mobil Will Keep Paying Its Dividend, And May Be Worth 30% More, Maxing Out Your 401(k) and What to Do Next, Fourth stimulus check: Lawmakers press Biden to say yes to more payments, People are flocking to the reopened Obamacare marketplace — and saving big, Stimulus check update: When will ‘plus-up’ payments arrive? PubMatic's revenue jumped 64% to $56.2 million, … Justin d'Anethan, sales manager at digital asset company Diginex in Hong Kong, said investors had turned their attention to stock markets and other cryptocurrencies in the past couple of weeks, leaving Bitcoin idling in the upper 50-thousand dollar levels. Total cash, cash equivalents, and marketable securities of $101.0 million. These ratios are based on earnings and sales estimates provided by Seeking Alpha on their Earnings tab for Exxon Mobil stock. Fourth Quarter 2020 Financial Highlights. This is 29.7% above Exxon’s existing market cap of $236.5 billion. Pubmatic Inc Posts Q4 Earnings Per Share $0.34. But this gives you an idea that XOM stock is undervalued based on its historical metrics. Shares of PubMatic jumped 12.1% in extended trading on Tuesday after the advertising software company’s 4Q earnings beat analysts’ estimates. On Feb.23, 2021, Pubmatic released its fiscal fourth-quarter 2020 results for the quarter ending December 2020. That is over 30% above today’s price. In addition to operating income and net income, we use Adjusted EBITDA as a measure of operational efficiency. Current Period Revenue includes any upsells and is net of contraction or attrition, but excludes revenue from new publishers. The consensus EPS Estimate is $0.32 and the consensus Revenue Estimate is $47.57M. Although it was relative to a period when the pandemic caused price pressures to crash, it was the biggest annual gain since 2011. Back to pubmatic.com; Investor Calendar. This suggests they don’t want to be caught short of any bonds should investors want to buy from them.Also pushing the strong demand theme, oversubscription rates for bonds maturing in 50 years have been the highest on record since the end of last year.“With the U.K. market having most aggressively priced the re-opening story in Europe, even a mild re-assessment of the re-opening and vaccination story, should see gilts recapture some lost ground,” said Megan Muhic, a strategist at RBC Europe Limited.Next WeekEuro area bond issuance from Germany, Italy and the Netherlands is expected to total 12 billion euros next week according to Commerzbank AG; Danske Bank A/S flags that Ireland could sell a new 20-year bond through banks; Italy, Finland and Portugal pay redemptions of about 29 billion euros and coupons of over 2 billion eurosIn the U.K., the Debt Management Office will sell 1 billion pounds of its longest conventional gilt which matures in 2071 and 600 million pounds of a 30-year inflation-linked bond; the Bank of England will buy back 4.4 billion pounds of debt in three operationsData for the coming week in the euro area and Germany is thin and mostly backward-looking, with the exception of the ZEW survey numbers for April on TuesdayU.K. The company will have to make adjustments but can now “start over,” Zhang wrote in a memo to Alibaba’s employees Saturday.“We believe market concerns over the anti-monopoly investigation on BABA are addressed by SAMR’s recent decision and penalties,” Jefferies analysts wrote in a research note entitled “A New Starting Point.”Indeed, The People’s Daily said in its commentary Saturday that the punishment was intended merely to “prevent the disorderly expansion of capital.”“It doesn’t mean denying the significant role of platform economy in overall economic and social development, and doesn’t signal a shift of attitude in terms of the country’s support to the platform economy,” the newspaper said. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guide which you can review here. We are executing well and growing organically in mobile, digital video, and over the top streaming and connected TV (OTT/CTV). My target price produces an expected return of 21.95% (i.e., 14.8% gain plus 6.15% yield). On Feb.23, 2021, Pubmatic released its fiscal fourth-quarter 2020 results for the quarter ending December 2020. View details. We expect Adjusted EBITDA to be in the range of $45.0 million to $49.0 million or 25% to 27% margin. BlackRock (ticker: BLK) on Thursday launched the (LCTU) and the (LCTD), which are benchmarked to the Russell 1000 index and the MSCI World ex-USA index, respectively. The e-commerce giant’s speedy capitulation also underscores its vulnerability to further regulatory action -- a far cry from just six years ago, when Alibaba openly contested one agency’s censure over counterfeit goods on Taobao and eventually forced the State Administration for Industry and Commerce to backtrack on its allegations.Beyond antitrust, government agencies are said to be scrutinizing other parts of Ma’s empire, including Ant Group Co.’s consumer-lending businesses and Alibaba’s extensive media holdings. PubMatic (NASDAQ: PUBM) is scheduled to announce Q4 earnings results on Tuesday, February 23rd, after market close. That works out to $3.48 per share each year. The … The launches, after a record number of billion-dollar disasters in 2020, show that sustainable investing is “mainstream,” particularly as countries and companies adopt net-zero carbon emissions targets in concordance with the Paris agreement on climate change, says Carolyn Weinberg, BlackRock’s head of product for its ETF operation, iShares. PubMatic’s cloud infrastructure platform for digital advertising empowers app developers and publishers to increase monetization while enabling media buyers to drive return on investment by reaching and engaging their target audiences in brand-safe, premium environments across ad formats and devices. There’s also a view that expectations for growth, not inflation, may end up dominating the narrative for Treasuries later this year, through higher real yields.Inflation ‘Psychosis’Fed Chair Jerome Powell, who’s scheduled to appear on “60 Minutes” Sunday and will also speak Wednesday, has said any pickup in inflation will likely be temporary. The president is being urged to roll more direct aid money into his infrastructure bill. Webcast and Conference Call Details What: PubMatic Fourth Quarter and Full Year 2020 Earnings Conference CallWhen: February 23, 2021 at 2:00 … Exxon Mobil Corp. (NYSE:XOM) is not going to lower its dividend no matter what it costs the company. feb 23 (reuters) - pubmatic inc (pubm): * pubmatic announces record fourth quarter and full year 2020 financial results * q4 earnings per share $0.34 * q4 revenue $56.2 million versus refinitiv ibes estimate of $47.4 million * sees fy 2021 revenue $180 million to $185 million * sees q1 revenue $38 million to $40 million * sees fy 2021 revenue up 21 to 24 percent That’s now unleashing appetite among money managers to pile back in looking for income-bearing assets to match liabilities .The same dealers have also been reluctant to sell their inventory of long-maturity debt this year back to the Bank of England as part of its quantitative easing program in another sign of anticipated demand. The 18.2 billion yuan penalty was based on just 4% of the internet giant’s 2019 domestic revenue, regulators said. We earned certifications as one of the Great Places to Work in our offices across three continents. Similarly, Yahoo! (Bloomberg) -- The reflation trade that dominated the start of 2021 in the bond market has taken a breather, leaving investors bracing for a key set of data in the week ahead that has the potential to reaffirm expectations that price pressures will build as the economy rebounds.All eyes will be on Tuesday’s release of the U.S. consumer price index for March, which is expected to show a significant jump. View details ... PubMatic Q4 2020 Earnings Conference Call. The section titled "Non-GAAP Financial Measures" below describes our usage of non-GAAP financial measures. They are neither statements of historical fact nor guarantees or assurances of future performance. Past Events March 2, 2021 at 11:00 AM EST JMP Securities Technology Conference . Analysts surveyed by Refinitiv expected revenue of $47.4 million in the quarter. Q4 2020 Earnings Fact Sheet 300.1 KB. Since 2006, PubMatic has been expanding its owned and operated global infrastructure and continues to cultivate programmatic innovation. Finance says that 25 analysts believe on average XOM stock is worth $61.18. (Bloomberg) -- U.K. bond investors eager for the government to sell more of its longest-dated debt appear to have gotten their way.A bond auction on Tuesday will include a 1 billion-pound ($1.37 billion) offering of gilts maturing in 2071 with more scheduled for sale in June. Market measures of inflation expectations, fueled by ultraloose Federal Reserve policy and immense amounts of fiscal stimulus, have stalled near multiyear highs and have yet to be backed consistently by actual data. Revenue in the fourth quarter of 2020 was $56.2 million, an increase of 64% over $34.4 million in the same period of 2019; Net income was $18.8 million, or $0.34 per diluted share in the fourth quarter, an increase over net income of $4.1 million, or $0.06 per diluted share in the same period of 2019; Adjusted EBITDA was $26.9 million, a 190% increase over … Fourth quarter revenue rose 64% over the prior year, to $56 million while analysts had expected $47.4 million . Therefore, at today’s price (April 9) of $55.87, the dividend yield is very healthy at 6.2%. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Q4 FY 2020 Earnings Release . PubMatic’s cloud infrastructure platform for digital advertising empowers app developers and publishers to increase monetization while enabling media buyers to drive return on investment by reaching and engaging their target audiences in brand-safe, premium environments across ad formats and devices. Headquartered in Redwood City, California, PubMatic operates 14 offices and eight data centers worldwide. Additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from our expectations is included under the caption “Risk Factors” in our Final Prospectus filed with the Securities and Exchange Commission on December 9, 2020. This means that XOM stock will continue to have a “strong” dividend yield of about 6.15%. But on the other hand, keep in mind that my price target could take several years to achieve, whereas most analysts are just looking out one year. What: PubMatic Fourth Quarter and Full Year 2020 Earnings Conference Call; When: … Those comments set in motion an unprecedented regulatory offensive, including scuttling Ant’s $35 billion initial public offering.It remains unclear whether the watchdog or other agencies might demand further action. About PubMaticPubMatic delivers superior revenue to publishers by being an SSP of choice for agencies and advertisers. Q4 2020 Press Release. Target Price Based on Historicals Moreover, based on the company’s historical dividend yield, this is much higher than its average. PubMatic delivers superior revenue to publishers by being an SSP of choice for agencies and advertisers. We continue to focus on growing our market share via new publisher acquisition, existing customer growth, and buy-side spend consolidation.”. Therefore the total return, even if the analysts’ target price pans out will be 13.25% (i.e., 7.1% price gain plus 6.15% dividend yield). What to Know. PubMatic brings the global infrastructure and scale that publishers need to power data-intensive, real time programmatic ad transactions in order to increase their revenues. It’s not just bond positions at stake: Without follow-through from data, bets on Fed tightening as soon as late 2022 may fade, potentially sapping demand for the surprisingly resilient dollar.“We don’t have strong reflation-trade momentum at the moment because people are waiting for more data,” said Daniel Tenengauzer, head of markets strategy at Bank of New York Mellon Corp. “As the data comes in, we are probably going to see the reflation trade play out again more strongly” toward the middle of the year.Tenengauzer says every inflation reading counts from this point because “the longer inflation stays at 2.5%,” an annual CPI reading last seen before the pandemic took hold, “the more underwater you are from holding fixed income.”Ten-year Treasury yields rose Friday, while finishing below the day’s high, after the PPI report showed a 4.2% increase from March 2020. Over the last 14 years, we’ve built an incredible company and I’m excited about the opportunities ahead as we seek to continue to grow our market share. Many U.S. banks have broken out above 2018 resistance in reaction to rising interest rates. This represents a potential gain of $14.29 or about 26% more based on today’s price of $55.87. PubMatic pops on earnings, revenue beat; strong outlook. Expanded our exceptional team, adding 82 people globally and ending 2020 with 548 people. PubMatic Announces Record Fourth Quarter and Full Year 2020 Financial Results, Copyright © 2021 PubMatic, Inc. All Rights Reserved, Prepaid expenses and other current assets. For example, if we divide the dividend per share of $3.48 by the average yield of 4.96%, the result is a target price of $70.16 per share. Click here for replay. For the same reason, we are unable to address the probable significance of the unavailable information. Form 10-K. Investor Tools Print Email Alerts RSS Feeds Investor FAQs Contact IR. They sent a clear message to the country’s largest corporations and their leaders that anti-competitive behavior will have consequences.For Alibaba, the $2.8 billion fine was less severe than many feared and helps lift a cloud of uncertainty hanging over founder Jack Ma’s internet empire. ... PubMatic Q4 2020 Earnings Conference Call. Regulators are said, for instance, to be concerned about Alibaba’s ability to sway public discourse and want the company to sell some of its media assets, including the South China Morning Post, Hong Kong’s leading English-language newspaper.Read more: China Presses Alibaba to Sell Media Assets, Including SCMPChina’s top financial regulators now see Tencent as the next target for increased supervision, Bloomberg News has reported. Still, the company may have to be conservative with acquisitions and its broader business practices.-- Vey-Sern Ling and Tiffany Tam, analystsClick here for the full research.The investigation into Alibaba was one of the opening salvos in a campaign seemingly designed to curb the power of China’s internet leaders, which kicked off after Ma infamously rebuked “pawn shop” Chinese lenders, regulators who don’t get the internet, and the “old men” of the global banking community. In other words, XOM stock is worth nearly 30% more or $72.46 per share. But traders may be reluctant to dismiss an acceleration -- as they did to some extent with Friday’s stronger-than-projected producer price data -- if there’s a growing sense that it marks the beginning of a trend.The statistics come at a crucial time for bond bears betting on reflation. Minutes of a conference call with the Debt Management Office last month revealed investors asked for more of the bonds because there isn’t enough to go around. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Delivery apps thrived during COVID-19, and they're now aggressively positioning themselves for life after the pandemic. The benchmark yield has retreated since approaching 1.8% last month, the highest since January 2020.There are strong arguments on both sides of the inflation debate as the market moves from a phase where it was driven by rising expectations for price pressures, to one where investors are seeking backup from the data. It crossed the $60,000 mark for the first time on March 13, hitting a record $61,781.83 on Bitstamp exchange, just after U.S. President Joe Biden signed his $1.9 trillion fiscal stimulus package into law. To round things out we can also derive a price based on its historical price-to-sales. Max out your 401(k) each year, and be sure to get your 401(k) employer match, if you have one. Applying Morningstar’s 5-year avg. Our company provides a specialized cloud infrastructure platform that enables real-time programmatic advertising transactions. What to Do After Maxing Out Your Roth IRA, ‘This is the single worst time to be a passive investor’: veteran investor, JPMorgan Chase Could Hit New Highs After Earnings. If you've already maxed out your Roth IRA this year but want to stash away more for retirement, here are five other places to put your money. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data. Charlie Munger Prefers Alibaba Stock to Treasury Bills. PubMatic delivers superior revenue to publishers by being an SSP of choice for agencies and advertisers. Q4 2020 Earnings Fact Sheet 300.1 KB. Moreover, the dividend yield is 6.15%. It also cited dealers reporting strong demand for the longest-dated gilts.The success of Britain’s vaccination roll-out and plans to gradually reopen the economy have pressured gilts, lifting 50-year yields to their highest since 2019 last month. Investor Tools A handful of retailers and apparel makers have encountered a backlash in China in recent weeks, and more could soon be in the same boat. Bitcoin (BTC) is up 116% from the year's low of $27,734 on Jan. 4. An archived version of the webcast will be available from the same website after the call. For the full year 2021, we expect revenue to be in the range of $180.0 million to $185.0 million representing growth of 21% to 24% over 2020. price-to-earnings (P/E) ratio of 25.62 times (over the last 5 years) to Exxon’s EPS for this year ($2.87) produces a target price of $73.53. The big news from PubMatic came on Feb. 24 as it released its fourth-quarter earnings report. The company reported quarterly sales of … Now we have three different price targets based on dividend yield and price-to-earnings. Completed our IPO in December 2020 and raised $45.8 million in net proceeds; Experienced acceleration in our business with second half revenues growing 50% compared to the same period in the prior year; Processed 46.9 trillion impressions in 2020, a 69% increase over 2019 and increased new platform capacity throughout the year; Added 368 new publishing partners in 2020. Webcast and Conference Call Details. NEW YORK, NY / ACCESSWIRE / February 23, 2021 / PubMatic Inc - Ordinary Shares - Class A (NASDAQ:PUBM) will be discussing their earnings results in their 2020 Fourth Quarter Earnings … PubMatic, Inc. 2020 Q4 - Results - Earnings Call Presentation SA Transcripts Tue, Feb. 23 3 Comments PubMatic, Inc. (PUBM) CEO Rajeev Goel on Q4 2020 Results - Earnings Call Transcript Certain elements of the composition of GAAP net income, including stock-based compensation expenses, are not predictable, making it impractical for us to provide guidance on net income or to reconcile our Adjusted EBITDA guidance to net income without unreasonable efforts. The company reported 4Q diluted net income per share of $0.34, ahead of analysts’ estimate of $0.30. Revenue in the full year of 2020 was $148.7 million, a 31% increase over $113.9 million in 2019; Net income was $26.6 million, or $0.46 per diluted share in 2020, an increase over net income of $6.6 million, or $0.04 per diluted share in 2019; Adjusted EBITDA was $50.3 million, a 116% increase over Adjusted EBTIDA of $23.3 million in 2019; and. What To Do With XOM Stock Most analysts have higher price targets for Exxon stock, but not by much. Today, we work with over 1,200 publishers and app developers, including mobile website, app, and CTV properties; Fast-growing advertising formats including mobile, digital video and OTT/CTV grew to 65% of total revenue in Q4 2020; Grew Q4 2020 omnichannel video revenues, which include short form video and OTT/CTV, by over 100% year-over-year; and. Financial OutlookOur guidance assumes that the global economy continues to recover and we do not have any major COVID-19 related setbacks that may cause economic conditions to deteriorate or significantly reduce advertiser demand. The estimates can vary depending on which aggregation service is used. That means that, on average, XOM stock is worth about 34% higher, or $75.14 per share. Click to EnlargeSource: Mark R. Hake, CFA You can see in the table on the right that the median analyst price target is $60.63, or 7.1% above today’s price. PubMatic Q4 EPS $0.34 Beats $0.30 Estimate, Sales $56.20M Beat $47.54M Estimate PubMatic (NASDAQ:PUBM) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.30 by 13.33 percent. For example, TipRanks.com says that 18 analysts have an average price target of just $60.68. PubMatic fuels the endless potential of Internet content creators. Dial In: 646-558-8656 Passcode: 94041481415. Changes in operating assets and liabilities: Net cash provided by operating activities, Proceeds from sales of marketable securities, Proceeds from maturities of marketable securities, Proceeds from initial public offering, net of underwriting discounts and commissions and other offering costs, Proceeds from repayment of stockholders' notes receivable, Net cash provided by (used in) financing activities, NET INCREASE IN CASH AND CASH EQUIVALENTS, CASH AND CASH EQUIVALENTS - Beginning of Year. We believe that this non-GAAP financial measure is useful to investors for period to period comparisons of our business and in understanding and evaluating our operating results for the following reasons: Our use of this non-GAAP financial measures has limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our financial results as reported under GAAP. For the first quarter 2021, we expect revenue to be in the range of $38.0 million to $40.0 million, representing growth of 34% to 41% over Q1 2020. “Our usage-based business model is highly efficient and built on what we believe are long-term structural advantages, which provide key performance benefits to our customers and increased revenues and profits to us. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post Exxon Mobil Will Keep Paying Its Dividend, And May Be Worth 30% More appeared first on InvestorPlace. Q4 2020 Earnings Presentation 936.5 KB. In the fourth quarter of 2020, PubMatic’s net income was $18.8 million, an increase over $4.1 million recorded in the same period last year. Solutions; Products; Resources; About … Q4 2020 Earnings Fact Sheet 300.1 KB. Bitcoin above $60,000 again on talk of reduced supply, Bond Market’s Stalled-Out Reflation Trade Needs Actual Inflation.
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