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For the quarter, the company expects revenues between $37 million … © Copyright 2021 Magnite, Inc. All rights reserved. Revenue was $41.4 million for Q4 2018, up 32% from Q4 2017 3 . This measure may also exclude expenses that may have a material impact on our reported financial results. 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. Adjusted EBITDA does not reflect non-cash charges related to acquisition and related items, such as amortization of acquired intangible assets and changes in the fair value of contingent consideration. 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. FINANCIAL INFORMATION. Adjusted EBITDA operating expenses is calculated as revenue less Adjusted EBITDA. 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. 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. These forward-looking statements represent our estimates and assumptions only as of the date of the report in which they are included. press@rubiconproject.com. The second quarter 2019 comparative numbers reflect only the results of standalone Rubicon Project, unless otherwise noted as pro-forma. Adjusted EBITDA may also be used as a metric for determining payment of cash incentive compensation. 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. Fourth Quarter Revenue Grows 32% Year-over-Year. 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For the quarter, the company expects revenues between $47 million … 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.. AT&T also topped the list for the U.S. market, but on that list American Express came fourth, after Toyota and Sprint. 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. 3. I'm especially encouraged to see our revenue levels stabilize in the last several weeks, and excited to go after key market opportunities arising from the acceleration of cord cutting, increased viewing in CTV, ability to take share, and improved growth prospects for our new Demand Manager product.”, (in millions, except per share amounts and percentages). The Rubicon Project ... including our 2018 annual report on Form 10-K, the first-quarter 2019 10-Q and subsequent filings. 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. “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. Rubicon Project is a publicly traded company (NYSE:RUBI) headquartered in Los Angeles, California with global offices across North America, EMEA, LATAM and APAC. Charlstie Veith(516) 300-3569 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. First Quarter Revenue Grew 12% Year over Year. (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. 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). 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. LOS ANGELES--(BUSINESS WIRE)-- Rubicon Project (NYSE: RUBI) today reported its results of operations for the third quarter ended September 30, 2015. 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. The Company's platform features applications and services for digital advertising sellers, including websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, … Magnite Website Privacy Policy | Ad Choices & Opt-Out, Rubicon Project Reports First Quarter 2020 Results, https://www.businesswire.com/news/home/20200506006001/en/, We expect revenue for Q2 2020 to be between, Cost synergies and reductions expanded to exceed. Adjusted EBITDA does not reflect changes in our working capital needs, capital expenditures, or contractual commitments. Weighted average shares used to compute net loss per share: (1) Stock-based compensation expense included in our expenses was as follows: Total depreciation and amortization expense, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS. ... including our 2019 annual report … 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. Without limiting the foregoing, any guidance we may provide will generally be given only in connection with quarterly and annual earnings announcements, without interim updates, and we may appear at industry conferences or make other public statements without disclosing material nonpublic information in our possession. Wall Street expects a year-over-year increase in earnings on higher revenues when The Rubicon Project (RUBI) reports results for the quarter ended March 2020. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. 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. Consolidated Balance Sheets as of September 30, 2016 and December 31, 2015. 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. Note: The Rubicon Project and the Rubicon Project logo are registered service marks of The Rubicon Project, Inc. Non-GAAP income (loss) includes the estimated tax impact from the expense items reconciling between net loss and non-GAAP income (loss). Our programmatic advertising exchange helps digital publishers and advertisers execute billions of advertising transactions each month, easily and safely. These statements are not guarantees of future performance; they reflect our current views with respect to future events and are based on assumptions and estimates and subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements. Page No. View source version on businesswire.com: https://www.businesswire.com/news/home/20200506006001/en/, Investor Relations Contact We discuss many of these risks and additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in filings we have made and will make from time to time with the Securities and Exchange Commission, or SEC, including our Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Quarterly Reports on Form 10-Q for 2020. We are also very adept at navigating challenging times like these, as evidenced in our journey over the last three years. Good day, and welcome to The Rubicon Project first-quarter 2020 earnings conference call. The Company is headquartered in Los Angeles, California. The Rubicon Project RUBI is set to report fourth-quarter 2019 results on Feb 26. Recent Highlights Condensed Consolidated Financial Statements (Unaudited) 3 . With the Rubicon Project and Telaria merger closing on April 1, 2020, second quarter 2020 financial results of the newly renamed Magnite represent the combined performance of both companies. Due to the timing of the closing, all financial information and tables include results for Rubicon Project only, except when noted. 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. 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. 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. “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. INDEX . The Rubicon Project, Inc., or Rubicon Project (the "Company"), was formed on … RUBI The Rubicon Project Inc Quarterly Report (10-q) The Company is a global advertising exchange that helps websites and applications thrive by giving them tools and expertise to sell ads easily and safely. Please see the discussion in the section called "Non-GAAP Financial Measures" and the reconciliations included at the end of this press release. Nick Kormeluk(949) 500-0003 In addition, the world's leading agencies and brands trust Rubicon Project’s platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Non-GAAP earnings (loss) per share is a performance measure and should not be used as a measure of liquidity. 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. A reconciliation for net loss to Adjusted EBITDA is included at the end of this press release. RUBI The Rubicon Project Inc Quarterly Report (10-q) The Company is a technology company with a mission to keep the Internet free and open and to fuel its growth by making it … THE RUBICON PROJECT, INC. QUARTERLY REPORT ON FORM 10-Q . (2) Refer to reconciliation of net loss to non-GAAP income (loss). For the quarter, the company expects revenues between $37 million and $38 million. 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 … We qualify all of our forward-looking statements by these cautionary statements. The Rubicon Project RUBI is set to report first-quarter 2020 results on May 6. 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. 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. Company Announces Significant Cost Reductions. 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.

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