Rubicon Project (RUBI) Tops Q2 EPS by 26c

Rubicon Project (NYSE: RUBI) reported Q2 EPS of $0.06, $0.26 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $53 million versus the consensus estimate of $42.34 million.

“Our team delivered another outstanding quarter, highlighted by 88% year-over-year revenue growth and strong Adjusted EBITDA that came in well ahead of expectations,” said Frank Addante, CEO, Founder, and Chief Product Architect of Rubicon Project. “We have now posted five consecutive quarters of high revenue growth and profitable Adjusted EBITDA.”

“We also achieved important operational milestones, including successfully integrating the recent Chango acquisition to accelerate future growth opportunities in our expanded buyer cloud,” Addante added. “Additionally, we significantly increased the scale of our orders and mobile offerings during the quarter. It is clear that our focus on developing leading technology innovations, delivering value for our customers, and managing the business for sustained long-term growth paid off in the second quarter.”

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

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