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Rubicon Project +13.3% on turnaround hopes

Published 08/01/2018, 06:49 PM
© Reuters.  Rubicon Project +13.3% on turnaround hopes
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  • The Rubicon Project (NYSE:RUBI) is up 13.3% after beating expectations with Q2 earnings where losses weren't as bad as expected.
  • Net loss widened to $18M from $11.6M.
  • EBITDA was -$5.5M vs. a year-ago gain of $3M.
  • Revenues fell by 33% Y/Y but grew 15% sequentially, to $28.6M. Meanwhile Y/Y ad spend growth is accelerating, the company notes: 10% in Q1, 16% in Q2, and an expected 20%-plus in Q3.
  • Take rate built to 12.1%; the company expects that to be flat to slightly higher for Q3.
  • It also expects Q3 revenues to be anywhere from flat to slightly up on a sequential basis.
  • Press release
  • Now read: VeriSign (NASDAQ:VRSN), Inc. 2018 Q2 - Results - Earnings Call Slides


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