Exhibit 99.1
 
Rubicon Project Posts Record Fourth Quarter and Full Year 2015 Results; Rapid Growth Delivers Full Year Profitability

Fourth quarter non-GAAP net revenue(1) of $83.7 million, an increase of 100% year-over-year
Fourth quarter GAAP revenue of $94.0 million, an increase of 125% year-over-year
Fourth quarter Adjusted EBITDA(1) of $36.0 million (a 43% Adjusted EBITDA margin(2)), an increase of 171% year-over-year
Fourth quarter non-GAAP earnings per share(1) of $0.72, an increase of 188% year-over-year
Fourth quarter net income of $20.4 million, or $0.43 per diluted share
Full year non-GAAP net revenue(1) of $227.3 million, an increase of 81% year-over-year
Full year GAAP revenue of $248.5 million, an increase of 98% year-over-year
Full year Adjusted EBITDA(1) of $59.5 million (a 26% Adjusted EBITDA margin(2)), an increase of 211% year-over-year
Full year non-GAAP earnings per share(1) of $1.08, an increase of 440% year-over-year
Full year net income of $0.4 million, or $0.01 per diluted share

LOS ANGELES, California – February 23, 2016 – Rubicon Project (NYSE: RUBI), which operates one of the largest advertising marketplaces worldwide, today reported its results of operations for the fourth quarter and year ended December 31, 2015.
"2015 was marked by several milestones for Rubicon Project as we drove more than one billion dollars in managed revenue and grew our consumer reach, connecting approximately one billion people globally. Our record growth results in the fourth quarter and for the full year marked our eighth consecutive quarter of over-performance and delivered another impressive benchmark for our company as we achieved positive net income for the year, well ahead of expectations," said Frank Addante, CEO and Founder of Rubicon Project.

"From building the world’s third largest mobile exchange to engineering the industry’s leading Orders marketplace, everywhere you look, Rubicon Project is shaping the future of advertising and we look forward to continuing to drive strong performance for the buyers and sellers who rely upon our platform to reach and engage consumers around the world."

Fourth Quarter and Full Year 2015 Results Summary
(in millions, except per share amounts)
 
 
Three Months Ended
 
Year Ended
 
 
December 31, 2015
 
December 31, 2014
 
Change
 
December 31, 2015
 
December 31, 2014
 
Change
GAAP revenue
 
$94.0
 
$41.8
 
125%
 
$248.5
 
$125.3
 
98%
Non-GAAP net revenue(1)
 
$83.7
 
$41.8
 
100%
 
$227.3
 
$125.3
 
81%
Net income (loss)
 
$20.4
 
$1.4
 
1,328%
 
$0.4
 
($18.7)
 
N/A
Adjusted EBITDA(1)
 
$36.0
 
$13.3
 
171%
 
$59.5
 
$19.1
 
211%
Adjusted EBITDA margin(2)
 
43%
 
32%
 
11 ppt
 
26%
 
15%
 
11 ppt
Basic net income (loss) per share
 
$0.48
 
$0.04
 
1,100%
 
$0.01
 
($0.70)
 
N/A
Diluted net income (loss) per share
 
$0.43
 
$0.04
 
975%
 
$0.01
 
($0.70)
 
N/A
Non-GAAP earnings per share(1)
 
$0.72
 
$0.25
 
188%
 
$1.08
 
$0.20
 
440%

1

The following information was filed by Rubicon Project, Inc. (RUBI) on Tuesday, February 23, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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