TubeMogul notably endured a rocky IPO process in 2014, partially because it needed to prove the value of its platform model vs. a solely managed-services offering.
During its IPO, Wilson told AdExchanger preceding its earnings, "We had to reduce the price we went to market with because it was hard for people to understand we [didn't operate the same] as some of the other video ad networks. We were selling a software platform with longer sales cycles."
Clientwise, TubeMogul's DSP has been particularly attractive to large brand advertisers like snack-foods brand Mondelez International and Heineken, who signed on as customers last year alongside their media-buying agency, Starcom MediaVest.
"Heineken management was very specific and expressed that they wanted to buy through a platform independent of a media supplier," Wilson said, seemingly taking aim at "Internet companies" known as Google.
"The key pillar that separates us from other players in the industry is we never have the incentive to shift budgets from one channel to another," he added. "The trend of brands taking ownership of their marketing tech stack is real and we're committed to serving brands only."
Wilson acknowledged large-client wins in 2014, including the aforementioned Heineken and Mondelez and newer brands like Allstate and Quiznos, who are each testing its programmatic TV buying platform, "PTV." Due to their size, however, there is often a lengthier ramp-up period both in terms of deployment and spend, he said.
In some instances, advertisers are now cutting direct deals with publishers, representing 3 billion automated impressions for TubeMogul in 2014. This push toward automated direct buys is a trend TubeMogul's seizing upon, and Wilson noted forthcoming products designed to automate more of these premium direct buys.
Likewise, more advertisers are asking for an unduplicated measure of audience across platform, which Wilson said will result in the roll-out of a cross-screen planning and buying tool later this year.
Analysts peppered TubeMogul's executive team with questions about viewability and what the video platform would do to satiate advertisers' concerns.
"It plays to our strengths," Wilson said, and noted that "we created the technical code around viewability and open-sourced it to the industry [through the OpenVideo View Consortium it launched with myriad industry constituents in 2013]. Generally, the more advertisers truly know about what they're buying, the better it is for us since we're not a source of media. We can [help them] make those choices."
TubeMogul's total revenue for the quarter was $36.1 million, up 64% year over year. Total revenue in 2014 was $114.2 million, a 100% increase from $57.2 million in 2013. Although TUBE beat its revenue estimates slightly for the quarter, shares were down 25% in after-hours trading.