PubMatic, Inc. Class A Common Stock

The Trade Desk, Inc.

Transaction Journal Entry:
- Tempted to start a position in $TTD but would rather add here first.
- Strong Q1 revenue to start the year although margins need to be watched.
- NRR remains very strong at 140%.
- Ad impressions up 76% YoY to 32.6T.
- CTV/OTT publishers up 120% YoY as they build out that arm.
- A profitable growth company is worth adding shares to.

Metrics I track on each buy:
P/S - 4.93
Forward P/S - 3.36
PSG - 0.11
P/FCF - 18