Rubicon Project (RUBI) Tops Q1 EPS by 12c, Beat on Revenues

Rubicon Project (NYSE: RUBI) reported Q1 EPS of ($0.16), $0.12 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $46 million versus the consensus estimate of $43.9 million.

• Revenue was $46.0 million, compared to $69.2 million for the first quarter of 2016; Non-GAAP net revenue(1) was $45.4 million, compared to $63.6 million for the first quarter of 2016.
• Net loss(2) was $15.8 million, or diluted loss per share(2) of $0.33, compared to net income of $2.3 million, or diluted income per share of $0.05 for the first quarter of 2016. Included in the net loss for the first quarter of 2017 were restructuring and other exits costs of $4.3 million.
• Adjusted EBITDA(1) was $1.1 million, compared to Adjusted EBITDA of $15.5 million for the first quarter of 2016.
• Non-GAAP loss per share(1)(2) was $0.16 for the first quarter of 2017, compared to $0.22 earnings per share for the first quarter of 2016.

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

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