© Copyright 2021 Magnite, Inc. All rights reserved. Rubicon Project Founded in 2007, Rubicon Project is one of the world’s largest advertising exchanges. (Source: “Rubicon Project Reports Third Quarter 2019 Results,” The Rubicon Project Inc, November 6, 2019.) Stock-based compensation is a non-cash charge and will remain an element of our long-term incentive compensation package, although we exclude it as an expense when evaluating our ongoing operating performance for a particular period. Meetings available: Tuesday, January 8, 9:00 AM . The company helps websites and apps thrive by giving them tools and expertise to sell ads easily and safely. We qualify all of our forward-looking statements by these cautionary statements. Non-GAAP income (loss) is equal to net income (loss) excluding stock-based compensation, cash and non-cash based acquisition and related expenses, including amortization of acquired intangible assets, transaction expenses, and foreign currency gains and losses. “We continued to deliver strong top and bottom line results in Q4, demonstrating our ability to create differentiation and grow share,” said Michael G. Barrett, President and CEO of Rubicon Project. Adjusted EBITDA may also be used as a metric for determining payment of cash incentive compensation. This measure may also exclude expenses that may have a material impact on our reported financial results. (949) 500-0003 Depreciation and amortization are non-cash charges, and the assets being depreciated or amortized will often have to be replaced in the future, but Adjusted EBITDA does not reflect any cash requirements for these replacements. through. Adjusted EBITDA does not reflect changes in our working capital needs, capital expenditures, or contractual commitments. Advertising Week Asia 2019 Partners. The exchange also highlighted its growth in video as it prepares to close its merger with Telaria in early April. Aria Sky Suite #50-026. Rubicon Project reported a strong Q2 this week, with revenues up 32 percent year-on-year to $37.9 million. Call Participants. Because of these limitations, we also consider the comparable GAAP measure of net income (loss). Second Quarter 2019 Results Conference Call and Webcast: The Company will host a conference call on July 31, 2019 at 1:30 PM (PT) / 4:30 PM (ET) to discuss the results for its second quarter of 2019. The Rubicon Project (RUBI) Q3 2019 Earnings Call Transcript RUBI earnings call for the period ending September 30, 2019. In periods in which we have non-GAAP income, non-GAAP weighted-average shares outstanding used to calculate non-GAAP earnings per share includes the impact of potentially dilutive shares. Video... Continue reading » This statistic gives information on retail e-commerce market size worldwide from 2014 to 2023. Greenland election shows divide over rare-earth metals mine. January 8, 2019 - January 11, 2019 Rubicon Project welcomes our guests and clients to visit our sponsor suite in the Aria Hotel . We define advertising spend as the total volume of spending between buyers and sellers transacted on our platform. Video revenue soared 43% to $28.6 million in 2019. Charlstie Veith Non-GAAP Income (Loss) and Non-GAAP Earnings (Loss) per Share: We define non-GAAP earnings (loss) per share as non-GAAP income (loss) divided by non-GAAP weighted-average shares outstanding. The company saw strong revenue growth in mobile revenue, which grew 42 percent year-on-year. (516) 300-3569 Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Rubicon Project delivered a strong end to 2019 by increasing Q4 revenue by 17% to $48.5 million, the top end of its guidance to investors. March 31, 2020. (412) 902-6511 (for international callers), Ask to join the Rubicon Project conference call, http://investor.rubiconproject.com, under "Events and Presentations", (412) 317-0088 (for international callers). The Revenue Services Transition Project (RSTP) was initiated in early 2017 to examine future delivery options for services currently undertaken by ESIT-AS. Rubicon Closes on Sale of 104 MW Onshore Wind Farm in Ireland; SSE Renewables Agrees to Purchase Shovel-Ready Project from Green Wind Energy (Wexford) Ltd. Read more September 16, 2019 MEET US. We are outperforming our target 20% long term revenue growth rate, which is enabling us to invest in areas like Demand Manager and video that will drive growth in future years.”, (in millions, except per share amounts and percentages). It is important to note that the particular items we exclude from, or include in, our non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies. Rubicon Closes on Sale of 104 MW Onshore Wind Farm in Ireland; SSE Renewables Agrees to Purchase Shovel-Ready Project from Green Wind Energy (Wexford) Ltd. Read more September 16, 2019 [Operator instructions] Please note, this event is being recorded. Free interview details posted anonymously by Rubicon Project interview candidates. 6 Rubicon Project Revenue Operations Specialist interview questions and 4 interview reviews. Adjusted EBITDA and non-GAAP loss per share are non-GAAP financial measures. press@rubiconproject.com, Investor Relations Contact This press release and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. Rubicon Project (NYSE: RUBI), the global exchange for advertising, today reported its results of operations for the second quarter of 2019. (1) Non-GAAP loss includes the estimated tax impact from the expense items reconciling between net loss and non-GAAP loss. Fourth Quarter Revenue Grows 17% Year over Year. Potentially dilutive shares consist of stock options, restricted stock awards, restricted stock units, and potential shares issued under the Employee Stock Purchase Plan, each computed using the treasury stock method. Recent Highlights. Highlights Calendar Speakers Partners. Do the numbers hold clues to what lies ahead for the stock? Charlstie Veith Recent Highlights * Rubicon Project revenue was $36.3 million for Q1 2020, up 12% from Q1 2019 * Telaria revenue was $15.1 million for Q1 2020, up 11% year over year, with CTV revenue … (1) Calculated as net loss divided by basic weighted-average shares used to compute net loss per share as included in the consolidated statement of operations. Free cash flow is calculated as Adjusted EBITDA less capital expenditures, excluding changes in working capital. “We also demonstrated the powerful financial leverage we have in our business with fourth quarter adjusted EBITDA margins of 32% and strong free cash flow. Weighted average shares used to compute net loss per share: Total depreciation and amortization expense. This compares to loss of $0.18 per share a … For further discussion, please see "Non-GAAP Financial Measures.". LOS ANGELES--(BUSINESS WIRE)--Nov. 6, 2019-- Rubicon Project (NYSE: RUBI), the global exchange for advertising, today reported its results of operations for the third quarter of 2019. Because of these limitations, we also consider the comparable GAAP measure of net income (loss). Rubicon Project. Video revenue soared 43% to $28.6 million in 2019. We believe Adjusted EBITDA is useful to investors in evaluating our performance for the following reasons: Although Adjusted EBITDA is frequently used by investors and securities analysts in their evaluations of companies, Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results of operations as reported under GAAP. The company helps websites and apps thrive by giving them tools and expertise to sell ads easily and safely. Revenue was $48.5 million for Q4 2019, up 17% from Q4 2018 We expect revenue for Q1 2020 to be between $37.0 to $38.0 million (for stand-alone Rubicon Project) Weighted average shares used to compute net income (loss) per share: (1) Stock-based compensation expense included in our expenses was as follows: (2) Depreciation and amortization expense included in our expenses was as follows: Total depreciation and amortization expense, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS. 1 Rubicon Project Revenue Operations Analyst interview questions and 1 interview reviews. See "Reconciliation of revenue to advertising spend," "Reconciliation of net income (loss) to Adjusted EBITDA," "Reconciliation of net income (loss) to non-GAAP loss" and "Reconciliation of GAAP loss per share to non-GAAP loss per share" included as part of this press release. These forward-looking statements represent our estimates and assumptions only as of the date made. Adjusted EBITDA does not reflect cash and non-cash charges and changes in, or cash requirements for, acquisition and related items, such as certain transaction expenses and expenses associated with earn-out amounts. The Rubicon Project (RUBI) delivered earnings and revenue surprises of 66.67% and -2.88%, respectively, for the quarter ended September 2019. Nick Kormeluk(949) 500-0003 Telaria and Rubicon Project's aggregate revenue for the 12 months ended in September was $217 million, a 32% year-on-year increase. These non-GAAP financial measures are not intended to be considered in isolation from, as substitutes for, or as superior to, the corresponding financial measures prepared in accordance with GAAP. Nick Kormeluk In 2019, we believe growth will largely be driven by continued consolidation of supply by buyers, known as Supply Path Optimization (SPO), together with strong growth in our video business. nkormeluk@rubiconproject.com, Media Contact Rubicon Project and Telaria Combine, Forming the Largest Independent Sell-Side Ad Tech Company ... Rubicon's total video revenue in 2019 increased 43% year over year to $28.6 million. Rubicon was cash flow positive for the second consecutive quarter, but still had a net loss of $8.3 million. Stock-based compensation is a non-cash charge and will remain an element of our long-term incentive compensation package, although we exclude it as an expense when evaluating our ongoing operating performance for a particular period. Over the 12-month period ended September 30, 2019, Telaria and Rubicon Project’s aggregate revenue was $217 million, a 32% increase over the same period of the prior year While the rise of header bidding delivered higher revenues for publishers and greater inventory access for buyers, it also injected more complexity into the market. It is usually held between March and May of every year and has an exclusive window in the ICC Future Tours Programme. RECONCILIATION OF GAAP INCOME (LOSS) PER SHARE TO NON-GAAP INCOME (LOSS) PER SHARE, Weighted-average shares used to compute basic net income (loss) per share, Dilutive effect of weighted-average common stock options, RSAs, and RSUs, Non-GAAP weighted-average shares outstanding (3). Recent Highlights. Contents: Prepared Remarks; Questions and Answers; Call … We define Adjusted EBITDA as net income (loss) adjusted to exclude stock-based compensation expense, depreciation and amortization, amortization of acquired intangible assets, impairment charges, interest income or expense, and other cash and non-cash based income or expenses that we do not consider indicative of our core operating performance, including, but not limited to foreign exchange gains and losses, acquisition and related items, and provision (benefit) for income taxes. “Our strong performance was based on continued market share growth in audio and video, new customer additions, and continued success as our customers consolidate supply sources. Forward-looking statements may include, but are not limited to, statements concerning our anticipated financial performance, including, without limitation, revenue, advertising spend, non-GAAP earnings (loss) per share, profitability, net income (loss), Adjusted EBITDA, earnings per share, and cash flow; the benefits expected as a result from the previously announced merger with Telaria, Inc.; strategic objectives, including focus on header bidding, mobile, video, Demand Manager, and private marketplace opportunities; investments in our business; development of our technology; introduction of new offerings; the impact of transparency initiatives we may undertake; the impact of our traffic shaping technology on our business; the effects of our cost reduction initiatives; scope and duration of client relationships; the fees we may charge in the future; business mix and expansion of our mobile, video and private marketplace offerings; sales growth; client utilization of our offerings; our competitive differentiation; our market share and leadership position in the industry; market conditions, trends, and opportunities; user reach; certain statements regarding future operational performance measures including ad requests, fill rate, paid impressions, average CPM, take rate, and advertising spend; benefits from supply path optimization; and factors that could affect these and other aspects of our business. Over the 12-month period ended September 30, 2019, Telaria and Rubicon Project’s aggregate revenue was $217 million, a 32% increase over the same period of the prior year ; The combined company will have diversified revenue streams, substantial Adjusted EBITDA and a strong balance sheet with approximately $150 million in cash and no debt-based on September 30, 2019 balances; Merger … The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. (412) 902-6511 (for international callers), Ask to join the Rubicon Project conference call, http://investor.rubiconproject.com, under "Events and Presentations", (412) 317-0088 (for international callers). These risks include, but are not limited to: our ability to continue to grow and to manage our growth effectively; our ability to develop innovative new technologies and remain a market leader; our ability to attract and retain buyers and sellers and increase our business with them; our vulnerability to loss of, or reduction in spending by, buyers; our reliance on large sources of advertising demand and aggregators of advertising inventory; our ability to maintain and grow a supply of advertising inventory from sellers and to fill the increased inventory; the effect on the advertising market and our business from difficult economic conditions or uncertainty; the freedom of buyers and sellers to direct their spending and inventory to competing sources of inventory and demand; our ability to use our solution to purchase and sell higher value advertising and to expand the use of our solution by buyers and sellers utilizing evolving digital media platforms; our ability to introduce new offerings and bring them to market in a timely manner, and otherwise adapt in response to client demands and industry trends, including shifts in digital advertising growth from desktop to mobile channels and from display to video formats and the introduction and market acceptance of Demand Manager; the increased prevalence of header bidding and its effect on our competitive position; uncertainty of our estimates and expectations associated with new offerings, including header bidding, private marketplace, mobile, video, Demand Manager, and traffic shaping; lower fees and take rate and the need to grow through advertising spend increases rather than fee increases; our ability to compensate for a reduced take rate by increasing the volume and/or value of transactions on our platform and increasing our fill rate; our vulnerability to the depletion of our cash resources as we incur additional investments in technology required to support the increased volume of transactions on our exchange and development of new offerings; our ability to support our growth objectives with reduced resources from our cost reduction initiatives; our ability to raise additional capital if needed and/or renew our working capital line of credit; our limited operating history and history of losses; our ability to continue to expand into new geographic markets; our ability to adapt effectively to shifts in digital advertising; increased prevalence of ad-blocking or cookie-blocking technologies; the slowing growth rate of desktop display advertising; the growing percentage of online and mobile advertising spending captured by owned and operated sites (such as Facebook, Google and Amazon); the effects, including loss of market share, of increased competition in our market and increasing concentration of advertising spending, including mobile spending, in a small number of very large competitors; the effects of consolidation in the ad tech industry; acts of competitors and other third parties that can adversely affect our business; our ability to differentiate our offerings and compete effectively in a market trending increasingly toward commodification, transparency, and disintermediation; requests for discounts, fee concessions or revisions, rebates, refunds, favorable payment terms and greater levels of pricing transparency and specificity; potential adverse effects of malicious activity such as fraudulent inventory and malware; the effects of seasonal trends on our results of operations; costs associated with defending intellectual property infringement and other claims; our ability to attract and retain qualified employees and key personnel; our ability to identify future acquisitions of or investments in complementary companies or technologies and our ability to consummate the acquisitions and integrate such companies or technologies; and our ability to comply with, and the effect on our business of, evolving legal standards and regulations, particularly concerning data protection and consumer privacy and evolving labor standards. Impairment charges are non-cash charges related to goodwill, intangible assets and/or long-lived assets. History. The Rubicon Project (RUBI) delivered earnings and revenue surprises of 53.85% and 6.23%, respectively, for the quarter ended June 2019. Rubicon Organics Discloses Revenue Growth Rubicon Organics Inc . Revenue was $37.9 million for Q2 2019, up 32% from Q2 2018 Q3 2019 year-over-year revenue expected to grow approximately 30% Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by revenue. In 2019, retail e-commerce sales worldwide amounted to 3.5 trillion US dollars. This compares to loss of $0.27 per share a … Depreciation and amortization are non-cash charges, and the assets being depreciated or amortized will often have to be replaced in the future, but Adjusted EBITDA does not reflect any cash requirements for these replacements. Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Loss on disposal of property and equipment, Accretion of available for sale securities. Rubicon Project’s Year of Transparency 2019, Rubicon Project Rubicon Project strives to provide a well-lit, transparent, programmatic marketplace that enables advertisers to have the best possible experience and sellers to increase revenue. Our management uses Adjusted EBITDA in conjunction with GAAP financial measures for planning purposes, including the preparation of our annual operating budget, as a measure of performance and the effectiveness of our business strategies, and in communications with our board of directors concerning our performance. View source version on businesswire.com: https://www.businesswire.com/news/home/20190731005948/en/, Investor Relations Contact In addition, the world’s leading agencies and brands rely on Rubicon Project’s technology to execute tens of billions of advertising transactions each month. History. On a combined basis, CTV and web video will approach half of our total revenue.”, (in millions, except per share amounts and percentages). Adjusted EBITDA provides a measure of consistency and comparability with our past performance that many investors find useful, facilitates period-to-period comparisons of operations, and also facilitates comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Magnite Website Privacy Policy | Ad Choices & Opt-Out, Rubicon Project Reports Fourth Quarter 2019 Results, https://www.businesswire.com/news/home/20200226005913/en/, We expect revenue for Q1 2020 to be between, Telaria merger on track to close in early. Rubicon Project’s implementation of IdentityLink in the bidstream enables DSPs to directly transact on IdentityLinks (IDL), which reduces dependence on cookies, improves addressability, and allows marketers to engage people, rather than devices, to deliver more meaningful experiences. We also use advertising spend for internal management purposes to assess market share of total advertising spending. Join to Connect. Do the numbers hold … Ad Exchange Rubicon Project Posts 30% Revenue Gains - 05/03/2019 The company posted $32.4 million, up from $24.9 million in the first quarter of 2018. Adjusted EBITDA does not reflect changes in our working capital needs, capital expenditures, or contractual commitments. Good afternoon, and welcome to the Rubicon second-quarter earnings 2019 conference call. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support 45 minutes … In periods in which we have non-GAAP income, non-GAAP weighted-average shares outstanding used to calculate non-GAAP earnings per share includes the impact of potentially dilutive shares. Changes in operating assets and liabilities: Net cash provided by (used in) operating activities, Capitalized internal use software development costs, Investments in available-for-sale securities, Maturities of available-for-sale securities, Net cash provided by investing activities, Proceeds from issuance of common stock under employee stock purchase plan, Taxes paid related to net share settlement, EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH, CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH, CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period, CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period. Ad Exchange Rubicon Project Posts 30% Revenue Gains - 05/03/2019 The company posted $32.4 million, up from $24.9 million in the first quarter of 2018. Non-GAAP income (loss) is equal to net income (loss) excluding stock-based compensation, impairment charges, cash and non-cash based acquisition and related expenses, including amortization of acquired intangible assets, transaction expenses, expenses associated with earn-out amounts, and foreign currency gains and losses. The decision was made to move the services back into government and the RSTP team is responsible for planning and leading the transition of services, including developing the proposed organizational structure. Note: The Rubicon Project and the Rubicon Project logo are registered service marks of The Rubicon Project, Inc. A reconciliations for net loss to Adjusted EBITDA is included at the end of this press release. The Indian Premier League (IPL) is a professional Twenty20 cricket league, contested by eight teams based out of eight different Indian cities. Investors should read this press release and the documents that we reference in this press release and have filed or will file with the SEC completely and with the understanding that our actual future results may be materially different from what we expect. In addition, the world’s leading agencies and brands rely on Rubicon Project’s technology to execute tens of billions of advertising transactions each month. Our management uses Adjusted EBITDA in conjunction with GAAP financial measures for planning purposes, including the preparation of our annual operating budget, as a measure of performance and the effectiveness of our business strategies, and in communications with our board of directors concerning our performance. Prepared Remarks: Operator. Prepaid expenses and other current assets, Internal use software development costs, net, TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. The two publicly traded ad-tech companies are combining to push deeper into video advertising. We believe non-GAAP earnings (loss) per share is useful to investors in evaluating our ongoing operational performance and our trends on a per share basis, and also facilitates comparison of our financial results on a per share basis with other companies, many of which present a similar non-GAAP measure. S&P 500 4,073.94. Rubicon Project revenue was $36.3 million for Q1 2020, up 12% from Q1 2019 Telaria revenue was $15.1 million for Q1 2020, up 11% year over year, with CTV revenue of … (3) Non-GAAP loss per share is computed using the same weighted-average number of shares that are used to compute GAAP net loss per share in periods where there is both a non-GAAP loss and a GAAP net loss. Rubicon Project (NYSE: RUBI), the global exchange for advertising, today reported its results of operations for the fourth quarter and year ended December 31, 2019. Free interview details posted anonymously by Rubicon Project interview candidates. Prepaid expenses and other current assets, Internal use software development costs, net, TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS. For the full year 2019, we delivered $156 million in revenue, a 25% increase over the prior year and generated $26 million in positive adjusted EBITDA, a $37 million improvement over 2018. Other companies may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure. It is important to note that the particular items we exclude from, or include in, our non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies. SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION: Capitalized assets financed by accounts payable and accrued expenses, Operating lease right-of-use assets obtained in exchange for new operating lease liabilities, RECONCILIATION OF REVENUE TO ADVERTISING SPEND, RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA, Depreciation and amortization expense, excluding amortization of acquired intangible assets, RECONCILIATION OF NET INCOME (LOSS) TO NON-GAAP INCOME (LOSS), Acquisition and related items, including amortization of acquired intangibles.