MercadoLibre and PubMatic are trading at downright cheap prices, and investors should capitalize on these deals.
Sell-side ad technology platform PubMatic (NASDAQ: PUBM) just put up some solid numbers for its shareholders -- particularly in light of the tough operating environment it's facing. PubMatic's 25% year-over-year growth in its first quarter is particularly impressive when investors consider the tough year-ago comparison the tech company was up against. Further, PubMatic's first-quarter 2022 revenue is above the midpoint of management's guidance range for the period, despite the macro environment for advertising budgets deteriorating (due primarily to the war in Ukraine and uncertainty surrounding the impact of rising interest rates on the economy) since the company provided its first-quarter outlook.
As a reminder, the comparisons you will see in the 10-Q as reported include the financial results of SpotX and SpringServe for Q1 2022, but for the periods prior to the acquisition dates, the results do not include SpotX or SpringServe, which were acquired on April 30, 2021, and July 1, 2021, respectively. During the course of this call, when we refer to the results and associated year-over-year comparisons with the phrase as reported, we are referring to the basis as reported in our 10-Q.