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Rubicon Project swings to Q2 loss as revenue slips

Published 08/01/2017, 05:06 PM
© Reuters.  Rubicon Project swings to Q2 loss as revenue slips
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  • The Rubicon Project (RUBI +2.8%) is back to flat after hours, after trading as much as 8.1% lower, after swinging to a Q2 loss and revenues that dropped by a third and missed expectations.
  • EBITDA fell to $3M from a year-ago $18.4M, and missed an expected $4.2M. EBITDA margin fell to 7% from 28%. Revenues had fallen 34%.
  • Advertising spend, meanwhile, fell 21% to $204.4M.
  • It's a "rebuilding year," says CEO Michael Barrett. “We have a very clear strategy: Increase market share of supply, be the most efficient marketplace and increase win rate."
  • Press Release
  • Now read: Endurance International Group Holdings, Inc. 2017 Q2 - Results - Earnings Call Slides


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