[May 26, 2016] |
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Rubicon Project CEO and Founder Addresses B. Riley & Co. Investor Conference; Company Reiterates Q2 and Full Year 2016 Guidance
Rubicon Project (NYSE: RUBI), which operates one of the largest
advertising marketplaces in the world, today released highlights and the
full recording of CEO and Founder Frank Addante's address to the 17th
Annual B. Riley & Co. Investor Conference held yesterday in Los Angeles,
CA (News - Alert). Following the conference, the company reiterated its Q2 and Full
Year 2016 financial guidance previously provided in its Q1 2016 earnings
press release and conference call on May 3, 2016.
During the 30 minute fireside chat with B. Riley & Co. Senior Equity
Analyst Sameet Sinha, Addante addressed questions about the future of
the advertising sector and discussed the strong growth prospects for
Rubicon Project, including its positioning for long term success.
Specifically, Addante stressed the future opportunities for the
advertising industry and discussed why he believes that Rubicon
Project's marketplace business, its strong mobile and video offerings,
innovative technology and expansive scale - reaching an estimated 1
billion consumers globally - uniquely positions the company for
continued growth.
A full audio recording of the fireside chat is available by visiting the
conference website at http://www.wsw.com/webcast/brileyco17/register.aspx?conf=brileyco17&page=rubi&url=http://www.wsw.com/webcast/brileyco17/rubi/index.aspx.
About Rubicon Project
Founded in 2007, Rubicon Project's mission is to keep the Internet free
and open and fuel its growth by making it easy and safe to buy and sell
advertising. Rubicon Project pioneered advertising automation technology
to enable the world's leading brands, content creators and application
developers to trade and protect trillions of advertising requests each
month and to improve the advertising experiences of consumers. Rubicon
Project is a publicly traded company (NYSE: RUBI) headquartered in Los
Angeles, California.
Forward Looking Statements
This press release and management's conference remarks include
forward-looking statements, including without limitation reiteration of
earlier guidance and other statements concerning our anticipated
performance, as well as comments about prospects for the ad tech sector
and Rubicon Project. Forward-loking 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 risks include our ability to grow
rapidly and to manage our growth effectively; our ability to develop
innovative new technologies and remain a market leader; our ability to
attract and retain buyers and sellers and increase our business with
them; our vulnerability to loss of, or reduction in spending by, large
buyers; the effect on the advertising market and our business of
difficult economic conditions; the freedom of buyers and sellers to
direct their spending and inventory to competing sources of inventory
and demand; our ability to use our solution to purchase and sell higher
value advertising and to expand the use of our solution by buyers and
sellers utilizing evolving digital media platforms; our ability to
introduce new solutions and bring them to market in a timely manner in
response to client demands and industry trends, including shift in
digital advertising growth from display to mobile channels; uncertainty
of our estimates and expectations associated with new offerings,
including private marketplace, mobile, orders, automated guaranteed,
video, and intent marketing solutions; our ability to maintain a supply
of advertising inventory from sellers; uncertainty of our estimates and
assumptions about the mix of gross and net reported transactions;
declining take rate; our limited operating history and history of
losses; our ability to continue to expand into new geographic markets;
our ability to adapt effectively to shifts in digital advertising to
mobile and video channels; increased prevalence of ad blocking
technologies; the slowing growth rate of online digital display
advertising; the growing percentage of online and mobile advertising
spending captured by owned and operated sites (such as Facebook (News - Alert) and
Google) where we are unable to participate; the effects of increased
competition in our market and increasing concentration of advertising
spending, including mobile spending, in a small number of very large
competitors, and our ability to differentiate our offerings, compete
effectively and to maintain our pricing and take rate; requests from
buyers and sellers for discounts, fee concessions, or revisions,
rebates, and greater levels of pricing transparency and specificity;
potential adverse effects of malicious activity such as fraudulent
inventory and malware; the effects of seasonal trends on our results of
operations; costs associated with defending intellectual property
infringement and other claims; our ability to attract and retain
qualified employees and key personnel; our ability to consummate and
integrate future acquisitions of or investments in complementary
companies or technologies and our ability to identify such companies or
technologies; our ability to comply with, and the effect on our business
of, evolving legal standards and regulations, particularly concerning
data protection and consumer privacy and evolving labor standards; and
our ability to develop and maintain our corporate infrastructure,
including our finance and information technology systems and controls.
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 heading "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results
of Operations" in our periodic reports filed with the Securities and
Exchange Commission, including our Annual Report on Form 10-K for the
year ended December 31, 2015 and our Quarterly Report on Form 10-Q for
the three months ended March 31, 2016. These forward-looking statements
represent our estimates and assumptions only as of the date of this
press release. 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. Without limiting the foregoing, we generally give
guidance 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. The reiteration of guidance in
this press release is not an indication or any intent or commitment to
reiterate any guidance in the future. Given these uncertainties,
investors should not place undue reliance on these forward-looking
statements. Investors should read this press release and the documents
that we reference in this press release and have filed with the
Securities and Exchange Commission completely and with the understanding
that our actual future results may be materially different from what we
expect. We qualify all of our forward-looking statements by these
cautionary statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160526005440/en/
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