Press Releases
TubeMogul Wins Glassdoor’s 2015 Best Place To Work Award
Company wins second “Best Places to Work” award in 2014, ranks fifth Best Place to Work in United States among companies with less than 1,000 employees by Glassdoor
Emeryville, CA – December 10th, 2014 – TubeMogul (NASDAQ:TUBE), a leading enterprise software company for video advertising, has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2015 in the Small/Mid-sized (SMB) category. TubeMogul ranked fifth among U.S.-based companies with less than 1,000 total employees. The Employees’ Choice Awards program, now in its seventh year, relies solely on the input of employees, who elect to provide feedback on their jobs, work environments, company culture and management philosophy via Glassdoor’s anonymous online company reviews survey.
The Glassdoor company review survey includes both quantitative and qualitative questions designed to capture a genuine and authentic inside look at company dynamics. The survey asks employees to rate their satisfaction with the company overall, and key workplace factors like career opportunities, compensation, benefits, work/life balance, senior management, as well as culture and values. In addition, employees are asked to describe the best reasons to work at their companies as well as any downsides.
“We’re honored to be named one of Glassdoor’s Best Places To Work,” said Brett Wilson, TubeMogul CEO and Co-founder. “We place our company culture at the center of everything we do, and I’m incredibly grateful to our employees for making TubeMogul such a special place to work.”
“I am proud to celebrate the Glassdoor Employees’ Choice Award winners in earning this tremendous achievement, ” said Glassdoor co-founder and CEO Robert Hohman. “Millions of employees around the world are turning to Glassdoor each month to share their work experiences. It is this type of authentic feedback that helps others find jobs and companies they love, and allows us to honor employers who stand out for their efforts in providing an enjoyable work environment and culture.”
Glassdoor’s Best Places to Work awards are determined using company reviews shared by U.S. based employees who elected to participate in the survey between November 13, 2013 and November 2, 2014. To be considered for the SMB category, a company must have less than 1,000 employees and have received at least 20 company reviews from U.S.-based employees during the window of eligibility.
The complete list of the Glassdoor Best Places to Work in 2015 in the SMB category: http://www.glassdoor.com/Best-Small-and-Medium-Companies-to-Work-For-LST_KQ0,43.htm
About TubeMogul
TubeMogul (NASDAQ: TUBE) is an enterprise software company for digital branding. By reducing complexity, improving transparency and leveraging real-time data, our platform enables advertisers to gain greater control of their video advertising spend and achieve their brand advertising objectives. TubeMogul was incorporated in 2007 and is based in Emeryville, California with operations in New York, London, Singapore, Tokyo, Sydney, Toronto and offices across the United States.
About Glassdoor
Glassdoor, founded in 2007, is the leading career community designed to help job seekers find jobs and address critical questions that come up during the search, application, interview and negotiation phases of employment. Glassdoor provides the most transparent look at company culture, work environment, salary and compensation and the interview process thanks to the millions of insights shared by employees, job candidates and employers. For employers, Glassdoor offers recruiting and employer branding solutions to help maximize talent acquisition strategies and optimize results. As of October 2014, Glassdoor welcomes more than 26 million members to its desktop and mobile platforms. Glassdoor is backed by Benchmark, Sutter Hill Ventures, Battery Ventures, DAG Ventures, Dragoneer Investment Group and Tiger Global. Glassdoor.com is a registered trademark of Glassdoor, Inc.
Glassdoor Media Contacts:
PR (at) Glassdoor (dot) com Show Less
REA Group Partners with TubeMogul
Real Estate Advertising Business Makes Data Available to its Australian Advertiser Customers
Sydney, Australia -- November 19, 2014 -- REA Group (REA; ASX), owner and operator of Australia’s No. 1 property site realestate.com.au, has selected programmatic video provider TubeMogul (TUBE; NASDAQ) to help use its audience data to present more relevant video advertising to realestate.com.au’s millions of consumers.
The digital advertising business said it was using TubeMogul’s online video platform to consolidate its vast pool of household transaction data, enabling advertisers and their digital trading desks to use that data to help boost the performance of branding campaigns.
REA Group said it selected TubeMogul as its advertising software platform because its programmatic tools delivered the right level of sophistication and data protection.
"We plan to use the TubeMogul platform to enable our media customers access to our unique first party audience, behavioural and intention data to a number of selected agency and trading desks in Australia," said Jonas Jaanimagi, REA Group Head of Media Strategy and Operations. “These partners will use our valuable and anonymised database information to inform and optimise their digital video branding campaigns.”
Mr Jaanimagi also said “it was important for REA Group to protect consumer data and have access to the best reporting tools in the market in order to track the performance of our customers’ digital video advertising investments.”
The partnership will involve REA Group using TubeMogul’s video software on a self-serve basis, allowing them to take full control of advertising campaigns. REA Group will also provide a video branding offering to advertisers and agencies, facilitated by its own internal programmatic trading team.
The business wanted to secure a new revenue stream by leveraging its data, which may include anonymised consumer demographics, location, behaviour, and purchase intent. This information enables advertising agencies and trading desks to better measure consumer intent, which can be used to make ads more relevant to viewers.
REA Group has already launched a data-driven partnership with Ikon Communications, which leverages the real estate advertising business’ home ownership and property data to feed into its digital advertising campaigns across a number of its key brand clients.
“REA Groups’ data sets enable us to create finely-tuned digital campaigns based on exactly what consumers are looking to buy, ” said Phil Cowlishaw, Ikon Communications Head of Technology. “This relationship gives Ikon clients a key competitive advantage, moving beyond demographic targeting to understanding explicit online consumption behaviors.”
TubeMogul Australia Managing Director Sam Smith said REA Group wanted to partner with the right platform and ensure its consumer data was protected.
“We will continue to see the importance of better targeting and the use of data to increase the overall performance of digital video, and also reduce wastage,” Smith said. “In this world of short consumer attention spans, reaching the right audience becomes more important than the spray and pray messaging of the past.”
Smith added: “We are thrilled to aid REA Group in providing better data-driven video advertising. I expect to see more large data providers and publishers move to commercialise their data sets using programmatic software.”
TubeMogul’s programmatic video platform has the capacity to execute campaigns that reach 12 million Australian consumers and had the scale and reach that REA Group was seeking, Smith said.
Smith said by using software from TubeMogul, REA Group can now take data sourced from online display advertising and extend that information layer to its video branding programs.
“REA Group is achieving a more detailed understanding of their potential market because every time they execute a programmatic video software campaign, they learn more about their target customers,” Smith said.
About REA Group:
REA Group Limited ACN 068 349 066 (ASX:REA) is a leading digital advertising business specialising in property. REA Group operates Australia’s No.1 residential and commercial property websites,realestate.com.au and realcommercial.com.au, as well as the market-leading Italian property site, casa.it, squarefoot.com.hk in Hong Kong,myfun.com in China and other property sites and apps across Europe.
About TubeMogul:
TubeMogul (NASDAQ: TUBE) is an enterprise software company for digital branding. By reducing complexity, improving transparency and leveraging real-time data, our platform enables advertisers to gain greater control of their digital video advertising spend and to achieve their brand advertising objectives. TubeMogul was incorporated in 2007 and is based in Emeryville, California with operations in Detroit, Chicago, Los Angeles, New York, London, Singapore, Sydney, Tokyo and Toronto.
Press Contact:
Duncan Craig
E: duncan@dc-comms.com
M: 61-414-525-218
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TubeMogul Reports Financial Results for Third Quarter 2014 and Raises Full Year 2014 Guidance
Total Spend, Revenue and Gross Profit Increase More Than 100% Year-Over-Year
1 Total Spend and Adjusted EBITDA are non-GAAP financial measures. Please see the discussion below under the heading "Use of Non-GAAP Measures" and the reconciliations at the end of this release.
"Our financial performance resulted from a combination of our strong product, disciplined execution and powerful underlying market trends. The shift of TV ad dollars into digital, the rapid adoption of software-based buying, and the desire by advertisers to gain more control and transparency over their ad spend by using self-serve platforms have all contributed to the growth of our business and we believe will create a market opportunity of considerable magnitude for the foreseeable future," said Brett Wilson, CEO of TubeMogul.
Third Quarter 2014 Financial Highlights:
-
Total Spend1 was
$62.5 million , an increase of 144% compared to$25.7 million in the third quarter of 2013. -
Revenue was
$27.4 million , an increase of 112% compared to$13.0 million in the third quarter of 2013. -
Gross profit was
$19.2 million , an increase of 126% compared to$8.5 million in the third quarter of 2013. - Gross margin was 70%, compared to 65% in the third quarter of 2013.
-
Operating loss was
$(0.5) million , compared to$(3.1) million for the third quarter of 2013. -
Net loss was
$(1.7) million , compared to$(3.0) million for the third quarter of 2013. -
Adjusted EBITDA1 was
$0.5 million , compared to$(2.8) million for the third quarter of 2013.
1 Total Spend and Adjusted EBITDA are non-GAAP financial measures. Please see the discussion below under the heading "Use of Non-GAAP Measures" and the reconciliations at the end of this release.
"Our financial performance resulted from a combination of our strong product, disciplined execution and powerful underlying market trends. The shift of TV ad dollars into digital, the rapid adoption of software-based buying, and the desire by advertisers to gain more control and transparency over their ad spend by using self-serve platforms have all contributed to the growth of our business and we believe will create a market opportunity of considerable magnitude for the foreseeable future," said
Third Quarter 2014 Business Highlights:
-
Increased video advertising spend on self-serve campaigns through
TubeMogul's Platform Direct offering by 172% year-over-year to$47.2 million , representing 76% of Total Spend in the third quarter of 2014, compared to 68% in the third quarter of 2013. - Increased the number of Platform Direct clients at the end of the third quarter of 2014 to 308, up from 165 clients at the end of the third quarter of 2013.
-
Signed a wide breadth of new clients including:
-
Foxtel - the largest pay TV provider inAustralia , who brought our platform in-house to drive their branding and customer acquisition efforts. - Quiznos - one of the largest quick service restaurants with over 2,100 franchises worldwide, who brought our platform in-house to drive their branding efforts.
- Hello Products - a challenger oral care brand, who is using our software to compete with larger CPG companies by more efficiently reaching their target audience.
-
Kijiji - an eBay-owned Canadian ecommerce company, who is leveraging our software to apply their unique purchase intent data to media acquired through our platform. -
MARC USA - a large U.S. independent advertising agency whose clients include True Value, RiteAid and H&R Block, who adopted our software in-house to execute video campaigns for their client base.
-
- Increased contribution of mobile spend to 9% of total spend globally, almost double the contribution from mobile in Q2 2014.
-
Appointed
Jes Santoro to SVP Enterprise Sales.Mr. Santoro has over 18 years of experience in both TV and digital advertising sales from Vindico, Comcast andBBDO . -
Appointed
Mauricio Leon to Commercial Director,Europe .Mr. Leon has 22 years of experience in media with a focus on developing TV and digital revenue opportunities from Publicis Groupe'sZenithOptimedia , ITV, Mediacom,Starcom Mediavest Group andLeo Burnett .
Forward Outlook:
The Company is issuing fourth quarter 2014 guidance and raising its full year 2014 guidance as follows:
Fourth Quarter 2014
-
Total Spend in the range of
$70 million to$72 million -
Total revenue in the range of
$30 million to$32 million -
Total gross profit in the range of
$20 million to$22 million -
Adjusted EBITDA loss in the range of
$(6) million to$(4) million
Fiscal Year 2014
-
Total Spend in the range of
$242 million to$244 million -
Total revenue in the range of
$109 million to$111 million -
Total gross profit in the range of
$74 million to$76 million -
Adjusted EBITDA loss in the range of
$(3) million to$(1) million
Conference Call and Webcast Information
About
Forward-Looking Statements
This press release includes "forward-looking statements" regarding future events and our future financial performance, including, without limitation, statements regarding our business strategy, growth and market opportunity, and forecasted financial results and operating metrics including total spend, total revenue, total gross profit and Adjusted EBITDA.
These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements, including, but not limited to our limited operating history, particularly as a new public company; risks associated with our growth; risks related to our future financial performance; our ability to maintain our rate of revenue growth; our ability to convince our clients to maintain or increase their advertising spend through our platform; the expansion of the digital video and video advertising markets, our ability to adapt to changing market conditions; the effects of increased competition in our markets and our ability to compete effectively; our ability to develop and introduce enhancements and new features and functionality of our platform that achieve market acceptance; fluctuations in our
operating results; and general market, political, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described under "Risk Factors" in our prospectus filed with the
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| Condensed Consolidated Statements of Operations | ||||
| (In thousands, except share and per share data) | ||||
| (Unaudited) | ||||
| Three Months | Nine Months | |||
| Ended September 30, | Ended September 30, | |||
| 2013 | 2014 | 2013 | 2014 | |
| Revenue: | ||||
| Platform Direct | $ 4,649 | $ 12,114 | $ 10,937 | $ 32,929 |
| Platform Services | 8,304 | 15,306 | 24,237 | 45,232 |
| Total revenue | 12,953 | 27,420 | 35,174 | 78,161 |
| Cost of revenue | 4,487 | 8,255 | 12,167 | 23,578 |
| Gross profit | 8,466 | 19,165 | 23,007 | 54,583 |
| Operating expenses: | ||||
| Research and development | 3,204 | 5,287 | 8,354 | 14,035 |
| Sales and marketing | 5,231 | 8,783 | 14,648 | 24,997 |
| General and administrative | 3,097 | 5,583 | 6,924 | 14,725 |
| Total operating expenses | 11,532 | 19,653 | 29,926 | 53,757 |
| (Loss) Income from operations | (3,066) | (488) | (6,919) | 826 |
| Other (expense) income, net: | ||||
| Interest expense, net | (41) | (63) | (134) | (183) |
| Change in fair value of convertible preferred stock warrant liability | (36) | -- | (55) | 168 |
| Foreign exchange gain (loss) | 165 | (1,102) | (346) | (1,010) |
| Other income (expense), net | 88 | (1,165) | (535) | (1,025) |
| Net loss before income taxes | (2,978) | (1,653) | (7,454) | (199) |
| Provision for income taxes | (34) | (64) | (68) | (201) |
| Net loss | $ (3,012) | $ (1,717) | $ (7,522) | $ (400) |
| Basic and diluted net loss per share attributable to common stockholders | $ (0.46) | $ (0.06) | $ (1.14) | $ (0.03) |
| Basic and diluted weighted-average shares used to compute net loss per share attributable to common stockholders | 6,618,719 | 29,058,656 | 6,605,833 | 14,345,685 |
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| Condensed Consolidated Balance Sheets | ||
| (In thousands, except share and per share data) | ||
| (Unaudited) | ||
|
|
|
|
| 2013 | 2014 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 19,475 | $ 48,199 |
| Accounts receivable, net of allowance for doubtful accounts | 46,920 | 65,965 |
| Prepaid expenses and other current assets | 1,420 | 2,733 |
| Total current assets | 67,815 | 116,897 |
| Deferred tax assets | 468 | 368 |
| Property, equipment and software, net | 1,467 | 3,917 |
| Restricted cash | 334 | 742 |
| Other assets | 531 | 456 |
| Total assets | $ 70,615 | $ 122,380 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $ 4,032 | $ 19,390 |
| Accrued liabilities | 34,414 | 25,838 |
| Convertible note | 419 | 401 |
| Current portion of note payable, net of discount | 1,416 | 1,470 |
| Convertible preferred stock warrant liability | 684 | — |
| Deferred revenue | 467 | 1,313 |
| Deferred tax liabilities | 468 | 368 |
| Total current liabilities | 41,900 | 48,780 |
| Deferred rent | 97 | 537 |
| Note payable, net of current portion and discount | 1,363 | 252 |
| Total liabilities | 43,360 | 49,569 |
| Stockholders' equity: | ||
| Convertible preferred stock: | ||
|
Series A; |
2 | — |
|
Series A-1; |
4 | — |
|
Series B; |
5 | — |
|
Series C; |
5 | — |
|
Preferred stock; |
— | — |
|
Common stock; |
7 | 30 |
| Additional paid-in capital | 46,116 | 92,178 |
| Accumulated deficit | (18,841) | (19,241) |
| Accumulated other comprehensive loss | (43) | (156) |
| Total stockholders' equity | 27,255 | 72,811 |
| Total liabilities and stockholders' equity | $ 70,615 | $ 122,380 |
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| Condensed Consolidated Statements of Cash Flows | ||
| (In thousands) | ||
| (Unaudited) | ||
| Nine Months | ||
| Ended | ||
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| 2013 | 2014 | |
| Cash flows from operating activities: | ||
| Net loss | $ (7,522) | $ (400) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 198 | 549 |
| Loss (gain) on change in value of convertible preferred stock warrant liability | 55 | (168) |
| Provision for doubtful accounts | 387 | 526 |
| Provision for credit memos | — | 1,173 |
| Stock-based compensation expense | 444 | 1,836 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (6,282) | (20,745) |
| Prepaid expenses and other current assets | (1,949) | (1,313) |
| Payments of costs related to initial public offering | — | (3,349) |
| Other assets | 198 | 75 |
| Accounts payable | 347 | 15,179 |
| Accrued liabilities | 6,798 | (8,576) |
| Deferred rent | (5) | 440 |
| Deferred revenue | (166) | 846 |
| Deferred tax assets | — | 100 |
| Deferred tax liabilities | — | (100) |
| Net cash used in operating activities | (7,497) | (13,927) |
| Cash flows from investing activities: | ||
| Restricted cash | (334) | (408) |
| Purchases of property, equipment and software | (1,063) | (2,819) |
| Net cash used in investing activities | (1,397) | (3,227) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commission | — | 46,791 |
| Proceeds from issuance of Series C preferred stock, net of issuance cost | 10,913 | — |
| Repayments on notes payable | (1,007) | (1,057) |
| Proceeds from line of credit | — | 11,800 |
| Repayment of line of credit | — | (11,800) |
| Proceeds from issuance of convertible note | 218 | — |
| Proceeds from options exercised | 4 | 275 |
| Net cash provided by financing activities | 10,128 | 46,009 |
| Effect of exchange rate changes on cash and cash equivalents | (41) | (131) |
| Net increase in cash and cash equivalents | 1,193 | 28,724 |
| Cash and cash equivalents, beginning of period | 19,670 | 19,475 |
| Cash and cash equivalents, end of period | $ 20,863 | $ 48,199 |
| Supplemental disclosures: | ||
| Cash paid for interest | $ 134 | $ 71 |
| Conversion of preferred stock to common stock | — | 16 |
| Conversion of preferred stock warrants to common stock warrants | — | 516 |
| Cashless exercise of stock warrants to common stock | — | 82 |
| Equipment purchased and unpaid at period-end | — | 179 |
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| Key Operating and Financial Performance Metrics | ||||
| (in thousands, except percentages and clients) | ||||
| (Unaudited) | ||||
| Three Months | Nine Months | |||
| Ended September 30, | Ended September 30, | |||
| 2013 | 2014 | 2013 | 2014 | |
| Key Metrics | ||||
| Platform Direct Spend | $ 17,362 | $ 47,239 | $ 42,919 | $ 126,461 |
| Platform Services Spend | 8,304 | 15,306 | 24,237 | 45,232 |
| Total Spend | $ 25,666 | $ 62,545 | $ 67,156 | $ 171,693 |
| Platform Direct revenue | $ 4,649 | $ 12,114 | $ 10,937 | $ 32,929 |
| Platform Services revenue | 8,304 | 15,306 | 24,237 | 45,232 |
| Total revenue | $ 12,953 | $ 27,420 | $ 35,174 | $ 78,161 |
| Gross profit | $ 8,466 | $ 19,165 | $ 23,007 | $ 54,583 |
| Gross margin | 65% | 70% | 65% | 70% |
| Adjusted EBITDA | $ (2,782) | $ 472 | $ (6,324) | $ 3,034 |
| Number of Platform Direct Clients | 165 | 308 | 165 | 308 |
Use of Non-GAAP Measures
This press release includes information relating to Total Spend, platform direct spend, and Adjusted EBITDA, which are financial measures that have not been prepared in accordance with generally accepted accounting principles in
For purposes of calculating Total Spend and Platform Direct Spend, we define spend as the aggregate gross dollar volume that our customers spend through our platform, which includes cost of media purchases and our fees. Platform Direct Spend does not represent revenue earned by us and is a non-GAAP financial measure defined by us as the spend through our Platform Direct offering. Platform Services Spend equals our Platform Services revenue. Total Spend does not represent revenue earned by us and is a non-GAAP financial measure defined by us as the sum of Platform Direct Spend and Platform Services Spend. We believe Platform Direct Spend and Total Spend are meaningful measures of our operating performance because our ability to generate increases in Total Spend is strongly correlated to our ability to generate increases in Platform Direct revenue and revenue, respectively. Platform Direct Spend and Total Spend are used by our management and board of directors to understand our business and make operating decisions. A limitation of each of Total Spend and Platform Direct Spend is that each is a measure that we have defined for internal purposes that may be unique to us, and therefore may not enhance the comparability of our results to other companies in our industry that have similar business arrangements but present the impact of media costs differently. Because of these limitations you should consider Platform Direct Spend and Total Spend along with the corresponding GAAP-based measures.
Adjusted EBITDA is a non-GAAP financial measure defined by us as net income/loss before interest expense, net, provision for income tax, depreciation and amortization expense excluding amortization of internal use software development costs, stock-based compensation expense, foreign exchange gains and losses and change in fair value of convertible preferred stock warrant liability. We have presented Adjusted EBITDA in this press release because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short and long-term operational plans. In particular, we believe that the exclusion of the amounts eliminated in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Accordingly, we believe that
Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. In
Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. Some of these limitations are as follows:
- although depreciation and amortization expense (excluding amortization of internal use software development costs) are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements;
- Adjusted EBITDA does not reflect: (1) changes in, or cash requirements for, our working capital needs; (2) the potentially dilutive impact of stock-based compensation; (3) impact of foreign exchange gains and losses, both realized and unrealized; or (4) tax payments that may represent a reduction in cash available to us; and
- other companies, including companies in our industry, may calculate Adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure.
Because of these and other limitations, you should consider Adjusted EBITDA along with other GAAP-based financial performance measures, including various cash flow metrics, loss, and our GAAP financial results.
For a reconciliation of non-GAAP financial measures to the nearest comparable GAAP financial measures for each of the periods indicated, see "Reconciliation of Total Spend and Platform Direct Spend," and "Reconciliation of Adjusted EBITDA" included in this press release.
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| Reconciliation of Total Spend and Platform Direct Spend | ||||
| (in thousands) | ||||
| (Unaudited) | ||||
| Three Months | Nine Months | |||
| Ended September 30, | Ended September 30, | |||
| 2013 | 2014 | 2013 | 2014 | |
| Platform Direct Revenue | $ 4,649 | $ 12,114 | $ 10,937 | $ 32,929 |
| Plus: Non-GAAP Platform Direct Media Cost | 12,713 | 35,125 | 31,982 | 93,532 |
| Platform Direct Spend | $ 17,362 | $ 47,239 | $ 42,919 | $ 126,461 |
| Platform Services Spend | $ 8,304 | $ 15,306 | $ 24,237 | $ 45,232 |
| Total Spend | $ 25,666 | $ 62,545 | $ 67,156 | $ 171,693 |
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| Reconciliation of Adjusted EBITDA | ||||
| (in thousands) | ||||
| (Unaudited) | ||||
| Three Months | Nine Months | |||
| Ended September 30, | Ended September 30, | |||
| 2013 | 2014 | 2013 | 2014 | |
| (in thousands) | ||||
| Net loss | $ (3,012) | $ (1,717) | $ (7,522) | $ (400) |
| Interest expense, net | 41 | 63 | 134 | 183 |
| Provision for income taxes | 34 | 64 | 68 | 201 |
| Depreciation and amortization expense, excluding amortization of internal use software development costs | 71 | 172 | 151 | 372 |
| Stock-based compensation expense | 213 | 788 | 444 | 1,836 |
| Foreign exchange (gain) loss | (165) | 1,102 | 346 | 1,010 |
| Change in fair value of convertible preferred stock warrant liability | 36 | -- | 55 | (168) |
| Adjusted EBITDA | $ (2,782) | $ 472 | $ (6,324) | $ 3,034 |
Investor Relations Contact:
Alex Wellins, The Blueshirt Group
(415) 217-5861
investor@tubemogul.com
Press Contact:
David Burch
(510) 653-0501
press@tubemogul.com
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