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Rocket Fuel Inc: Growth KPIs versus direct competitors

All $m

Rocket Fuel Inc


Revenues
Growth 2011-2014: 857%
Market share increase: 4.8%
Gross margin
Client retention rate
DataXu
Revenues
Growth 2011-2014: 700%
Market share increase: 2.3%
Gross margin
Client retention rate
Criteo
Revenues
Growth 2011-2014: 385%
Market share increase: 2.8%
Gross margin
Client retention rate
Media Math Inc
Revenues
Growth 2011-2014: 367%
Market share increase: 0.9%
Gross margin
Client retention rate
Turn Inc
Revenues
Growth 2011-2014: 355%
Market share increase: 1.0%
Gross margin
Client retention rate

2011

44.7
3.5%
39%
134%

30.0
2.4%
unknown
unknown

186.5
14.8%
41%
90%

77.7
6.2%
25%
unknown

110.0
8.7%
25%
unknown

2012

2013

2014E

Notes

106.6
139%
5.1%
44%
175%

240.6
126%
7.2%
48%
168%

427.4 SEC filings & company guidance


78%
8.3%
51% SEC filings & company guidance
161%

87.0
190%
4.1%
unknown
unknown

150.0
72%
4.5%
unknown
unknown

358.4
92%
17.0%
37%
90%

611.4
71%
18.4%
35%
90%

135.2
74%
6.4%
25%
unknown

250.0
85%
7.5%
25%
unknown

362.5 Source: TechFlash, Business Insider


45%
7.0%
unknown Source: Business Insider
unknown

230.0
109%
10.9%
25%
unknown

350.0
52%
10.5%
25%
unknown

500.0 Source: AdExchanger


43%
9.7%
25% Source: AdExchanger
unknown

259.2
46%
7.8%
40%
unknown

327.5 SEC filings


26%
6.4%
unknown SEC filings
unknown SEC filings

240.0 Source: Business Insider, ACX estimates


60%
4.7%
unknown
unknown

904.1 SEC filings


48%
17.6%
unknown SEC filings
unknown SEC filings

Millennial Media Inc


Revenues
Growth 2011-2014: 216%
Market share decrease: -1.8%
Gross margin
Client retention rate

8.2%
39%
unknown

177.7
71%
8.4%
40%
unknown

The Rubicon Project Inc


Revenues
Growth 2011-2014: 198%
Market share decrease: -0.8%
Gross margin
Client retention rate

37.1
54%
2.9%
65%
unknown

57.1
54%
2.7%
78%
unknown

83.8
47%
2.5%
82%
unknown

110.5 SEC filings


32%
2.1%
unknown
unknown

383.7

471.6
23%
22.4%
unknown
unknown

614.7
14%
18.5%
unknown
unknown

676.2 SEC filings


10% 2013 includes $76.1m from adap.tv acquisition
13.1%
unknown
unknown

2,105.9
67%

3,320.0
58%

AOL AdLearn
Revenues
Growth 2011-2014: 76%
Market share decrease: -17.3%
Gross margin
Client retention rate
Total programmatic market revenue
Growth 2011-2014: 308%

103.7

30.4%
unknown
unknown
1,262.5

5,146.0
55%

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