rubicon project quarterly report

Changes in operating assets and liabilities, net of effect of business acquisitions: Capitalized internal use software development costs, Maturities of available-for-sale securities, Net cash (used in) provided by investing activities, 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. Rubicon Project (NYSE: RUBI), the largest independent sell-side advertising platform, which merged with Telaria on April 1, 2020, today reported its results of operations for the first quarter ended March 31, 2020. 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. “This is an unprecedented time, driven by the impact of COVID-19 and corresponding effect on the global economy,” said Michael G. Barrett, CEO of Rubicon Project. Adjusted EBITDA does not reflect changes in our working capital needs, capital expenditures, or contractual commitments. Prepaid expenses and other current assets, Internal use software development costs, net, TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. These non-GAAP measures include Adjusted EBITDA and Non-GAAP Income (Loss) and Non-GAAP Earnings (Loss) per share, each of which is discussed below. 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. Due to the timing of the closing, all financial information and tables include results for Rubicon Project only, except when noted. 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. RECONCILIATION OF GAAP INCOME (LOSS) PER SHARE TO NON-GAAP INCOME (LOSS) PER SHARE, Weighted-average shares used to compute basic net loss per share, Dilutive effect of weighted-average common stock options, RSAs, and RSUs, Non-GAAP weighted-average shares outstanding (3). 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. Item 1. We qualify all of our forward-looking statements by these cautionary statements. You are encouraged to evaluate these adjustments, and review the reconciliation of these non-GAAP financial measures to their most comparable GAAP measures, and the reasons we consider them appropriate. (1) Calculated as net income (loss) divided by basic and diluted weighted-average shares used to compute net income (loss) per share as included in the consolidated statement of operations. Non-GAAP income (loss) includes the estimated tax impact from the expense items reconciling between net loss and non-GAAP income (loss). LOS ANGELES, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Rubicon Project (NYSE: RUBI), the global exchange for advertising, today reported its results of operations for the fourth quarter and full year 2018. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. © Copyright 2021 Magnite, Inc. All rights reserved. nkormeluk@rubiconproject.com, Media Contact Rubicon Project is a publicly traded company (NYSE:RUBI) headquartered in Los Angeles, California with global offices across North America, EMEA, LATAM and APAC. LOS ANGELES--(BUSINESS WIRE)--May 6, 2020-- Rubicon Project (NYSE: RUBI), the largest independent sell-side advertising platform, which merged with Telaria on April 1, 2020, today reported its results of operations for the first quarter ended March 31, 2020. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20200506006001/en/, Investor Relations Contact First Quarter Revenue Grew 12% Year over Year. Good day, and welcome to The Rubicon Project first-quarter 2020 earnings conference call. Welcome to Rubicon Project's fourth-quarter 2019 earnings conference call. A reconciliation for net loss to Adjusted EBITDA is included at the end of this press release. Rubicon Project is the world’s largest independent sell-side advertising platform, following its recent merger with CTV leader Telaria in April 2020. “Rubicon Project’s talented team, solid execution and innovative technologies drove another quarter of record performance for our business,” said Frank Addante, CEO, Founder and Chief Product Architect of Rubicon Project. For the quarter, the company expects revenues between $37 million … These risks include, but are not limited to: the severity, magnitude, and duration of the novel coronavirus pandemic, including impacts of the pandemic and of responses to the pandemic by governments, business and individuals on our operations, personnel, buyers, sellers, and on the global economy and the advertising marketplace; our ability to successfully integrate the Telaria business, and realize the anticipated benefits of the merger; our ability 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 of digital advertising inventory, or publishers, 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, including demand side platforms ("DSPs") that may have or develop high-risk credit profiles or fail to pay invoices when due, including as a result of lower ad spending generally and/or general liquidity constraints experienced by buyers resulting from the novel coronavirus pandemic; 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 cause buyers and sellers 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, including CTV; our reliance on large aggregators of advertising inventory, and the concentration of CTV among a small number of large publishers that enjoy significant negotiating leverage; 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 linear TV to CTV, digital advertising growth from desktop to mobile channels and other platforms and from display to video formats and the introduction and market acceptance of Demand Manager; uncertainty of our estimates and expectations associated with new offerings, including CTV, header bidding, private marketplace, mobile, video, Demand Manager, and traffic shaping; the possibility of lower take rates and the need to grow through 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 a result of the adverse impacts of the novel coronavirus pandemic, or 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 and grow our market share in existing markets; our ability to adapt effectively to shifts in digital advertising; increased prevalence of ad-blocking or cookie-blocking technologies and the slow adoption of common identifiers; 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); industry growth rates for ad-supported CTV and the shift in video consumption from linear TV to digital mediums such as CTV and over-the-top ("OTT"); the adoption of programmatic advertising by CTV publishers; 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; our ability to ensure a high level of brand safety for our clients and to detect “bot” traffic and other fraudulent or malicious activity; 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; political uncertainty and the ability of the company to attract political advertising spend; 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. 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 Rubicon Project, which belongs to the Zacks Internet - Software industry, posted revenues of $36.30 million for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 3.07%. Non-GAAP Financial Measures and Operational Measures: In addition to our GAAP results, we review certain non-GAAP financial measures to help us evaluate our business, measure our performance, identify trends affecting our business, establish budgets, measure the effectiveness of investments in our technology and development and sales and marketing, and assess our operational efficiencies. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Adjusted EBITDA operating expenses is calculated as revenue less Adjusted EBITDA. The Rubicon Project, Inc. (“Rubicon Project” or the “Company”) was formed on April 20, 2007 in Delaware and began operations in April 2007. Rubicon Project is a technology company automating the buying and selling of advertising. For the quarter, the company expects revenues between $37 million and $38 million. Other companies may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure. The second quarter 2019 comparative numbers reflect only the results of standalone Rubicon Project, unless otherwise noted as pro-forma. (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). T he Rubicon Project (RUBI) is expected to deliver a year-over-year increase in earnings on higher revenues when i t report s results for the quarter ended December 2018. Company Announces Significant Cost Reductions. LOS ANGELES--(BUSINESS WIRE)--May 3, 2016-- Rubicon Project (NYSE: RUBI), which operates one of the largest advertising marketplaces in the world connecting approximately one billion consumers, today reported its results of operations for the first quarter of 2016 and raised full year non-GAAP EPS and Adjusted EBITDA guidance while reiterating full year revenue guidance. INDEX . press@rubiconproject.com. We are also very adept at navigating challenging times like these, as evidenced in our journey over the last three years. FINANCIAL INFORMATION. THE RUBICON PROJECT, INC. QUARTERLY REPORT ON FORM 10-Q . Note: The Rubicon Project and the Rubicon Project logo are registered service marks of The Rubicon Project, Inc. (2) Refer to reconciliation of net loss to non-GAAP income (loss). The Rubicon Project RUBI is set to report first-quarter 2020 results on May 6. Rubicon Project Reports First Quarter 2019 Results First Quarter Revenue Grows 30% Year over Year LOS ANGELES --(BUSINESS WIRE)--May 1, 2019-- Rubicon Project (NYSE: RUBI), the global exchange for advertising, today reported its results of operations for the first quarter of 2019. Unless required by federal securities laws, we assume no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated, to reflect circumstances or events that occur after the statements are made. However, a potential limitation of our use of non-GAAP earnings (loss) per share is that other companies may define non-GAAP earnings (loss) per share differently, which may make comparison difficult. Rubicon Project Reports Fourth Quarter 2019 Results Fourth Quarter Revenue Grows 17% Year over Year LOS ANGELES, California – February 26, 2020 – Rubicon Project (NYSE: RUBI), the global exchange for advertising, today reported its results of operations for the … Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Forward-looking statements may include, but are not limited to, statements concerning the potential impacts of the novel coronavirus pandemic on our business operations, financial condition, and results of operations and on the world economy; our anticipated financial performance, including, without limitation, revenue, advertising spend, non-GAAP loss per share, profitability, net loss, Adjusted EBITDA, loss per share, and cash flow; anticipated benefits or effects related to the consummation of the merger with Telaria; including estimated synergies and cost savings resulting from the merger; strategic objectives, including focus on header bidding, connected television ("CTV"), mobile, video, Demand Manager, and private marketplace opportunities; investments in our business; development of our technology; industry growth rates for ad-supported CTV and the shift in video consumption from linear TV to CTV, including with respect to cord-cutting; 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 CTV, 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 other statements that are not historical facts. LOS ANGELES, March 14, 2018 (GLOBE NEWSWIRE) -- Rubicon Project (NYSE:RUBI), the global exchange for advertising, today reported its results of operations for the fourth quarter and year ended December 31, 2017.. Rubicon Project Announces Second Quarter Earnings: Organic Growth and Strategic Acquisition Fuel Robust Year-Over-Year Revenue Growth Rubicon Project Second Quarter 2015 Earnings Call 10-Q Quarterly report which provides a continuing view of a company's financial position 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. Nick Kormeluk(949) 500-0003 Our programmatic advertising exchange helps digital publishers and advertisers execute billions of advertising transactions each month, easily and safely. 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