TubeMogul Soars 14% After Reporting Strong Q3 Revenue Of $27.4M, Smaller-Than-Expected Loss

Rising nearly 6 percent in regular trading, TubeMogul spiked 16 percent in after-hours trading after reporting better-than-expected revenue, profit and guidance.

The company had revenue of $27.4 million in the quarter, compared to expectations of $21.77 million. The quarter’s tally was up 112 percent from the year-ago quarter. TubeMogul’s net loss was $1.7 million in the quarter, or $0.06 per share. Investors had expected the company to lose $0.27 per share.

For the coming quarter, TubeMogul expects revenue between $30 and $32 million, and a larger loss. The company raised its fiscal 2014 guidance.

Investors enjoyed both the profit and revenue beat. Here’s the chart:

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Since it prices its initial public offering, TubeMogul has performed admirably. The company listed for $7 per share, and is currently trading — after hours — for more than $20. It’s a massive success story. The company surged 48 percent in its first day of trading. In fairness, TubeMogul priced very aggressively on the lower end of the scale, so its post-IPO gains should be tempered from that context.

The company was worth more than $530 million at close of regular trading. We’ll have to see where it opens, but expect a nice pop.