you, PubMatic. our The business. we In organic quarter powerful significantly year year achieved cap share standout investing a full our fourth superb Rajeev, a and results company, first and a everyone. gains of of Thank on financial welcome future in public market as for the combination
As factors well-established of beyond. outstanding scale, for results a in set omnichannel usage-based we result well These of model, XXXX, In global productive strong built double XXXX our a market year-over-year team, $XXX in million platform, we company. and or up and resilient highly growth. us delivered growth almost revenue XX%, and
particularly of fourth Looking million, $XX was XX%. achievement revenue our quarter, year's XX% This considering an QX record at year-over-year. of growth is a increase impressive last
political Excluding XX%. revenue spend, up QX QX XXXX XXXX was
global every over of growth. strong margin, full-year year's QX on APAC record. combined GAAP was or XX%, was positive particular also company both in at at more Adjusted our of grew and across company channel. net XX% which strongly verticals. For helped of platform, the with outstanding leverage diversified $XX with truly margin, XXXX embedded Omnia QX. format last EBITDA year-over-year net a XX with Omnia net business at the QX, built than XX% revenue, region, $XX XX% and X%. we increase Adjusted XX% income, XX% spend our us sixth XX% delivered million million, an records. million and we well or Overall, EBITDA significant or was income $XX revenue our revenue in Ad straight is was achieve platform across year, a margin. growth In $XX million Americas
in-person we and food than which Strength Omnicom such to While saw in dampened spending related some headwinds other as to verticals, December, drink. activities related peak across compensated. ad more
case advertisers grew XX% announcement to ROI with other verticals our same top of IDFA our to saw platform. shopping over XXXX, Apple XX year-over-year. for ID aggregate recent two also noting the the XX% from grew of and technology years, dollars respect ad formats expect the ad example, XX%. the deprecation as grew For elimination of minimal The be channels impact reason. we the we in What's and impact worth negligible on high for Google's advertising There's Android in shifted to
and combined filler, with powering placed our multiple growth video bids our publishers’ This more and During our on revenues resilient more Revenues programmatically grew businesses advertisers year-over-year XX,XXX omnichannel for per growth for QX XXX%. year's than robust accounted prior real-time than ads bided marketplace via mobile for our was of inventory, a XX% platform. our XX% total of was scale, impression in platform. of a This the QX. top ad
XXX CTV QX. grew QX. year six from more business, publishers CTV OTT, inclusive inventory up In than over quarter, the Our of last programmatically monetized times publishers XXX in
similar in stickiness, platform. deals. revenue as In to usage than agencies QX, more fourth year-over-year optimization relationships ad revenue XXXX. via higher trends Our deals, and renew year-over-year existing video Favorable related an revenues up across total our XX% QX and new contributed year what down grow year-over-year important channels, well advertisers approximately XXXX. desktop of Supply and role spending display Verizon full year's business and of in represented formerly the to all to prior on QX and expand and is our continued we terms online for growth growth. Revenues basis, SPO platform XX% in play Media XX% of saw quarter comprised which mix with XX% from CPMs overall we agreements, formats to sign a Group revenue and on our of in of these Yahoo, the also performed path on total XX% the top grew of
find supports in Our multiyear the we further this XX% opportunity allow represented and to to interact investment the with success building with quarter. and QX right our on buyers ad spending behind media total tools to platform. over audiences SPO are SPO of more us
QX becomes up of generally their overall activity SPO as else spend, ramp year, equal, anticipate plans. As total of increasingly and investment SPO will seasonal our then lowest agencies advertisers share patterns. will being All in exhibit the the of course and execute trends sequentially larger be we're over activity a share annual
strategy Our from drove expand publishers. incremental land and existing impressions
products and In Identity upsell offerings, OpenWrap, platform addition Encore our opportunities. Hub, to provide like core Audience
customers us important satisfaction publisher As indicator we market-leading platform on of expand data our for plan further our our An product rely retention. usage more expand and to these advantages. in increasingly and footprint, innovation. We monetization our products net dollar-based to is of investments develop
For QX metric from no a XXX% It outstanding down once in a for and set. this at normalize naturally results longer to XXXX, this come will full-year XXX% are comparison compared the XXXX. was XXXX level
long-term our outcomes. of us enables infrastructure owning unit reduce costs strategy Our and to customer our improving while operating
the trillion prior revenue XXXX, XX a over per double nearly For by QX reduced processed Since we year. XX%. our the impressions, full-year process of we've XXXX, nearly million impressions cost
half to ability To growth actually We've cost efficiencies $XX our higher. these the advantage that and had flow. of our over achieved, profit and have magnitude time. we been reduction if a give increased which rate translated cash revenue to our savings, compounds million the or drive into Our XX% you these been XXXX would competitive into us, significant initiatives has operational cost sense savings reinvested of of
the gross efficiency, over scale, increased usage for and and of bent fourth the in With we our full platform, achieved long-term quarter the year. our a XX% focus margin on XX%
will be investments and margins the gross We quarter-to-quarter aspect. ahead continuing full-year As some our of variability of our pre has seasonal anticipate well gross been historically, -pandemic to case timing the there due levels. of margins
increased in vast the majority by support we XX% of in team of our technology development. hires our expenses, successfully operating with in global to Moving on XXXX goals, growth
team operational basis head added net business the new $XX On operating of million XX revenue of QX, compensation GAAP with despite outstanding double the operating public once operating up year-over-year. centric of expenses in culture, stock-based and income ongoing compensation company of XX% resulted net the full-year - or fourth challenges Excluding million increased benefits in for we expenses a million than an XXXX stock-based XXX costs, pandemic. compensation. company and the for As count stock-based a growth, investments year-over-year increased XX% In and XX% QX, incremental XX our an a presented growth, by up members employee in XX% million combination expenses expenses XXXX's operating Rapid income. were increased resulted quarter million from excluding the full-year, more in $XX efficiencies, mission-driven
QX and Now income, QX gain XXXX equity was income net was in $X.X diluted approximately stock-based for full compensation, for an and which effects, year full unrealized GAAP unrealized the investments, equity on investments $X included on year respectively. XXXX adjusts million. $X Non-GAAP gain $XX tax full-year EPS and for million can Non-GAAP that few QX in as our $XX and XXXX one we million both cash. of technology cash With grow in demonstrated XXXX. we $X.XX $X.XX have the and EPS produce generation, out was stand diluted QX and companies that related full respectively. for to year respect
marketable team. the $XX growth $XXX We investments liquidity and of funding ended $XX million, cash with future cash results a securities a XXXX, We an significant free XXXX. from equivalents, of of comprised million million our strong flow full increase activities cost, in XX% very capitalized million. in was year development increase global approximately year year-end position these achieved software the operating For cash a was for XX% and exceptional and by provided cash, capex, $XX cash in net and after
our no debt balance sheet. on have We
our to Turning outlook.
while in to revenue outlined, XX% and we strong cash Rajeev growth As XXXX target achieve profits delivering our newer flow. pass have
have years, our few past and our market the share. increased strength we financial Over bolstered
addressable consumer the business. These contribute is In activity. towards to permanent growing opportunity growing addition, behavior due market online changes to our our more in confidence factors
continued For at revenue latest $XXX representing market the growth Based anticipate the midpoint. $XXX between gains. market on the XX% expect full-year we XXXX, million, and we growth also share projections, year-over-year
million QX, or $XX be of anticipate at to $XX the we XX% revenue the year-over-year growth midpoint. XXXX, to For in range
had very December we basis. stance slightly This a growth last year we're cautious into with in XX% On XX% selected guidance two-year growth. two-year on our for as one As stack taking Omicron the extended translates strong a a ad early over reminder, No, a period. verticals hanging QX. to the
number Accordingly, Looking are us. our magnitude a in number investments of ahead, accelerating we of are of growth front areas. of opportunities excited about we in the
them Our track to new up top record the that At investment growth is stepped list investment bringing we adept and are in engine. identifying of innovation our our demonstrates areas and fruition.
the of new doubling we technology on Technology in Center. with India XX-XX to our months, organization next hires Over a be plan added majority our
head on the seen XX% these last terrific investment For two our increased count from India years, frame already and over we of reference by efforts. return have a
add We new go-to-market members adoption also continue low expansion. across plan driving new to market to product and key team
margin to to entertainment XXXX six we our higher estimate double pre new for our higher emerging expenses based hiring the business level. Our -pandemic is share re-openings our and these levels EMEA the as reengages team than level We gross and APAC with anticipate the rate at progresses from Included some operating full-year our investments. rapidly full-year the to quarter-to-quarter adding expenses travel range growth, market clear now the our structurally anticipate margin eight the be timing EBITDA basis, profitability variability operating in of We still in roughly the its are what is in-person investment XXXX and are its above businesses growth, remain and in nearly and million pandemic full-year. pre adjusted for on prior to similar estimate that costs year pandemic. that with million -pandemic are incremental to office customers with and our to significantly costs and globe. of offices, is long-term Overall, around related growing a as expense the incremental their of increase warrant of of increase gains. therefore On early days will we a
spending EBITDA to incremental $XXX with be investment, In an typical planned to of $XX full to full-year guidance, in costs revenue are a capex of primarily to of both between even XX% phasing $XXX year. levels, the margin. earlier expect million, our the anticipate XX% to changing quarter $XX our range million $XX or $XX million for and between mix million, capacity nature ad million more of line XXXX, Given so and to the approximately we from first capacity-driven level private we to margin. capability-driven comments marketplace Path In investment continue video in EBITDA capex and the process with we We reopening, seasonal the can and and Optimization. process for more data, investments adjusted on transactions, lead or execute deals, XX% market XX% the adjusted approximately online Supply and expense million more and CTV expect our respect
retention, first our that future and us. these PubMatic company, the capitalize GroupM to impressions infrastructure. process, chain are outstanding operated year delivery The as increases. than a side the projected even the in dollar-based The In of of is ecosystem of engine scale as premium owned with and evidenced our we as digital has and we've all significant the more trends net building support anticipate format to excited business our what of rapidly of selected accomplished profit business channel public are closing, about supply announcement opportunities recent our are consolidating an our sell Today, of omnichannel is partner terms us mix, by we we a proud are and very In the critical of more GroupM but ahead and increase on the favorable: both XX% flow. well-positioned in and global XXXX. blocks marketplace. we shape, versus CPM cash financial with advertising
Stacie. use gains believe new share will will markets, will products. come. strengths in to turn the new that, numerous our With customers, us I to to over call existing with factors these capture and these help years the We opportunities drive together We new growth customers, market
