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