Rubicon Project (RUBI) Tops Q1 EPS by 14c; Raises Outlook

Rubicon Project (NYSE: RUBI) reported Q1 EPS of $0.02, $0.14 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $37.2 million versus the consensus estimate of $34.8 million.

Rubicon Project sees Q2 2015 EPS of ($0.21)-($0.19), versus the consensus of $0.00. Rubicon Project sees Q2 2015 revenue of $41.5-42.5 million, versus the consensus of $40.73 million.

Rubicon Project sees FY2015 EPS of $0.22-$0.25, versus the consensus of $0.21. Rubicon Project sees FY2015 revenue of $203-206 million, versus the consensus of $176.57 million.

“Our business grew by 62% in Q1 - the highest year-over-year growth rate since our IPO. I am especially proud of our team for delivering this level of growth in what is seasonally a slower quarter for the advertising industry,” said Frank Addante, CEO, Founder, and Chief Product Architect of Rubicon Project.

“This is an exciting time to be innovating in the nearly $300 billion advertising market and our investments in the right people, the right culture and the right technology have placed Rubicon Project in a strong position to continue to lead the automation of advertising. Our future growth opportunity is further enhanced by the recent acquisition of Chango, which we estimate brings access to $35 billion of additional intent marketing spend to the Rubicon Project marketplace, including search budgets that we can now bring into premium advertising,” Addante said.

For earnings history and earnings-related data on Rubicon Project (RUBI) click here.

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