Ad tech company PubMatic stock pops 10% in first earnings report after December IPO \n

, saw shares pop 10% Tuesday after posting fourth quarter revenue that beat estimates.

PubMatic runs a sell-side advertising platform that runs real-time programmatic ad transactions and allows publishers and app developers to sell space to advertisers across media, including display or video ads on desktop, mobile app, mobile web or streaming TV.revenue in the fourth quarter of 2020 was $56.2 million, up 64% year-over-year. Analysts surveyed by Refinitiv expected revenue of $47.4 million in the quarter. The company said revenue in full-year 2020 was $148.

The company's chief financial officer Steve Pantelick said in a statement that the quarterly growth was driven by advertising strength in e-commerce, technology, personal finance and on streaming video.

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