TubeMogul +28% AH on Q2 beat, strong guidance

TubeMogul (NASDAQ:TUBE) expects Q3 revenue of $20M-$22M (above an $18.9M consensus), and full-year revenue of $98M-$102M (above a $91.7M consensus).

Q2 results trounced estimates on the back of a 143% Y/Y increase in total ad spend to $61.1M. Total spend is expected to amount to $46M-$48M in Q3, and $218M-$222M for the whole of 2014.

72% of Q2 spend stemmed from TubeMogul's self-serve video ad solution (Platform Direct). Self-serve clients nearly doubled Y/Y to 283.

Gross margin rose 230 bps Y/Y to 68.3%. GAAP opex rose 70% to $17.3M.

Shares now +70% from July's conservative $7 IPO price.

Q2 results, PR

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Comments (1)
  • Stone Fox Capital
    , contributor
    Comments (9536) | Send Message
    Self-serve is definitely a big push mentioned by FUEL.
    26 Aug 2014, 05:13 PM Reply Like
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