RUBI - Rubicon Project's Profit Soars
As investors await a pending merger between sell-side ad tech companies Rubicon Project (NYSE: RUBI) and Telaria (NYSE: TLRA), Rubicon released impressive fourth-quarter results. Of course, Rubicon had already announced some key numbers from the quarter in a preliminary update late last month. But there were notably some key figures missing from that report, including non-GAAP earnings per share and Rubicon's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin.
On the heels of strong double-digit revenue growth, Rubicon Project's profitability in Q4 skyrocketed. Equally important, management said its acquisition of connected TV-focused ad-tech company Telaria is on track.
Here's a closer look at the results.