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. 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. The Rubicon Project is set to report first-quarter 2020 results on May 6. 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. “Despite the global tragedy all of us are living through, we are focused on advancing our newly combined and better positioned omnichannel company. 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. 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 … [Operator instructions] Please note this event is being recorded. 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. (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). Welcome to Rubicon Project's fourth-quarter 2019 earnings conference call. INDEX . We qualify all of our forward-looking statements by these cautionary statements. 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 … For further discussion, please see "Non-GAAP Financial Measures.". In Rubicon Project’s first quarterly global Marketplace Report, top advertisers spending through real-time bidding included AT&T, American Express and Toyota. 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). Rubicon Project Reports First Quarter Revenue Growth of 62% and Raises Full Year 2015 Guidance on Continued Strong Outlook Technology Leader Delivers Fifth Consecutive Quarter of Robust Growth; Chango Acquisition Provides Positive Impact on Outlook ... including our 2019 annual report … The Rubicon Project, Inc. (“Rubicon Project” or the “Company”) was formed on April 20, 2007 in Delaware and began operations in April 2007. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by revenue. The Rubicon Project, which belongs to the Zacks Internet - Software industry, posted revenues of $48.49 million for the quarter ended December 2019, missing the Zacks Consensus Estimate by 0.03%. This compares to loss of $0.27 per share a year ago. 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. This measure may also exclude expenses that may have a material impact on our reported financial results. 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. For the quarter, the company expects revenues between $37 million and $38 million. 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. Merger with Rubicon Project on track to close in early April 2020 (1) Adjusted EBITDA is a non-GAAP financial measure. For the quarter, the company expects revenues between $37 million … press@rubiconproject.com. Adjusted EBITDA is widely used by investors and securities analysts to measure a company’s performance without regard to items such as those we exclude in calculating this measure, which can vary substantially from company to company depending upon their financing, capital structures, and the method by which assets were acquired. The Rubicon Project, Inc., or Rubicon Project (the "Company"), was formed on … 3. (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. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. 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. 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. These limitations include: Our Adjusted EBITDA is influenced by fluctuations in our revenue and the timing and amounts of our investments in our operations. Non-GAAP income (loss) includes the estimated tax impact from the expense items reconciling between net loss and non-GAAP income (loss). “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. 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. Non-GAAP earnings (loss) per share is a performance measure and should not be used as a measure of liquidity. 3 . 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. The Rubicon Project RUBI is set to report fourth-quarter 2019 results on Feb 26. The company provides global publishers with the technology and expertise to monetize their premium content and data across all screens and formats, including desktop, mobile, audio and CTV, in a transparent environment. Adjusted EBITDA does not reflect changes in our working capital needs, capital expenditures, or contractual commitments. (2) Refer to reconciliation of net loss to non-GAAP income (loss). Adjusted EBITDA should not be considered as an alternative to net income (loss), income (loss) from operations, or any other measure of financial performance calculated and presented in accordance with GAAP. 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, … 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 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. 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. Adjusted EBITDA and non-GAAP income (loss) per share are non-GAAP financial measures. The Rubicon Project (RUBI) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.13. LOS ANGELES--(BUSINESS WIRE)--May 6, 2020-- THE RUBICON PROJECT, INC. QUARTERLY REPORT ON FORM 10-Q . First Quarter Revenue Grew 12% Year over Year. The Rubicon Project RUBI is set to report first-quarter 2020 results on May 6. 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. 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. 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. 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. We have a great team, the company is very strong from a financial standpoint, and I feel confident that we will emerge a much stronger company once the economy begins to recover and revenue growth returns. The Rubicon Project (RUBI) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. 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. Good day, and welcome to The Rubicon Project first-quarter 2020 earnings conference call. First Quarter 2020 Results Conference Call and Webcast: The Company will host a conference call on May 6, 2020 at 1:30 PM (PT) / 4:30 PM (ET) to discuss the results for its first quarter of 2020. Recent Highlights View source version on businesswire.com: https://www.businesswire.com/news/home/20200506006001/en/, Investor Relations Contact 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. 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). Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Adjusted EBITDA does not reflect cash requirements for income taxes and the cash impact of other income or expense. Adjustments to reconcile net loss to net cash used in operating activities: (Gain) loss on disposal of property and equipment, Accretion of available for sale securities. Part I. 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. Impairment charges are non-cash charges related to goodwill, intangible assets and/or long-lived assets. The Investor Relations website contains information about Magnite, Inc.'s business for stockholders, potential investors, and financial analysts. 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. 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