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the Rubicon Project, Inc. (RUBI) CEO Michael Barrett on Q1 2020 Results - Earnings Call Transcript

May 06, 2020 9:21 PM ETMagnite, Inc. (MGNI)1 Comment
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the Rubicon Project, Inc. (RUBI) Q1 2020 Earnings Conference Call May 6, 2020 4:30 PM ET

Company Participants

Nick Kormeluk - Investor Relations

Michael Barrett - Chief Executive Officer

David Day - Chief Financial Officer

Mark Zagorski - President and Chief Operating Officer

Conference Call Participants

Jason Kreyer - Craig-Hallum

Lee Krowl - B. Riley FBR

Anthony Duplisea - SunTrust

Kyle Evans - Stephens


Good day, and welcome to the Rubicon Project First Quarter 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Nick Kormeluk, of Investor Relations. Please go ahead.

Nick Kormeluk

Thank you, operator, and good afternoon, everyone. Welcome to Rubicon Project's first quarter 2020 earnings conference call following our merger with Telaria. Since Telaria merger closed subsequent to the close of the first quarter, full financial results and our 10-Q will be presented on Rubicon Project standalone basis and we will provide summary results and commentary for Telaria’s first quarter performance.

On this call, we will provide commentary on combined business trends following the impact of COVID-19 and actions we are taking to adjust. As a reminder, this conference call is being recorded. Joining me on the call today are Michael Barrett, CEO; David Day, our CFO; and Mark Zagorski, President and COO for the Q&A session all from different locations. I would like to point out that we have posted our financial highlight slides to our Investor Relations website to accompany today's presentation.

Before we get started, I will remind you that our prepared remarks and answers to questions will include information that might be considered to be forward-looking statements, including, but not limited to statements concerning our anticipated financial performance and strategic objectives, including the potential impacts

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Comments (1)

InvestingRevealed profile picture
Their guidance is based on April only. Re-opening of the economy coming up in May is not factored in.

Lee Krowl

Thanks for taking my questions, guys and hope all as well. One of the things to start off, on a point of clarification around guidance, you guys said that, you were modeling the numbers you provided based on the observed trend, quarter-to-date. Is the quarter-to-date trend down 30%? Is that the right assumption that drives that guidance?

David Day

Yes, so our April on a weighted average basis was 30% down. The trend that we saw in April was some degradation over the first half of the month, and then a stabilization in the latter half of the month, and so that guidance is based on you know, just, you know, a few percentage points higher than that 30%, but that's correct. We've seen stabilization and that's the visibility that we have. And so our guidance’s is based on that observed trend that we have so far.
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