Rubicon Project Posts Record Fourth Quarter and Full Year 2015 Results; Rapid Growth Delivers Full Year Profitability


  • Fourth quarter non-GAAP net revenue(1) of $83.7 million, an increase of 100% year-over-year
  • Fourth quarter GAAP revenue of $94.0 million, an increase of 125% year-over-year
  • Fourth quarter Adjusted EBITDA(1) of $36.0 million (a 43% Adjusted EBITDA margin(2)), an increase of 171% year-over-year
  • Fourth quarter non-GAAP earnings per share(1) of $0.72, an increase of 188% year-over-year
  • Fourth quarter net income of $20.4 million, or $0.43 per diluted share
  • Full year non-GAAP net revenue(1) of $227.3 million, an increase of 81% year-over-year
  • Full year GAAP revenue of $248.5 million, an increase of 98% year-over-year
  • Full year Adjusted EBITDA(1) of $59.5 million (a 26% Adjusted EBITDA margin(2)), an increase of 211% year-over-year
  • Full year non-GAAP earnings per share(1) of $1.08, an increase of 440% year-over-year
  • Full year net income of $0.4 million, or $0.01 per diluted share

Rubicon Project (NYSE: RUBI), which operates one of the largest advertising marketplaces worldwide, today reported its results of operations for the fourth quarter and year ended December 31, 2015.

"2015 was marked by several milestones for Rubicon Project as we drove more than one billion dollars in managed revenue and grew our consumer reach, connecting approximately one billion people globally. Our record growth results in the fourth quarter and for the full year marked our eighth consecutive quarter of over-performance and delivered another impressive benchmark for our company as we achieved positive net income for the year, well ahead of expectations," said Frank Addante, CEO and Founder of Rubicon Project.

"From building the world’s third largest mobile exchange to engineering the industry’s leading Orders marketplace, everywhere you look, Rubicon Project is shaping the future of advertising and we look forward to continuing to drive strong performance for the buyers and sellers who rely upon our platform to reach and engage consumers around the world."

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