Earnings summaries and quarterly performance for PubMatic.
Executive leadership at PubMatic.
Board of directors at PubMatic.
Research analysts who have asked questions during PubMatic earnings calls.
JH
James Heaney
Jefferies
5 questions for PUBM
Also covers: AOS, APP, EA +11 more
Matthew Swanson
RBC Capital Markets
4 questions for PUBM
Also covers: ADBE, DV, IBM +7 more
Shweta Khajuria
Wolfe Research, LLC
4 questions for PUBM
Also covers: BMBL, CART, CHWY +15 more
Eric Martinuzzi
Lake Street Capital Markets
3 questions for PUBM
Also covers: APEI, ASPU, ASUR +24 more
Andrew Boone
JMP Securities
2 questions for PUBM
Also covers: ACVA, CARG, CART +26 more
Barton Crockett
Rosenblatt Securities
2 questions for PUBM
Also covers: BATRA, DSP, EEX +17 more
Elle Niebuhr
Lake Street Capital Markets
2 questions for PUBM
Also covers: CHEF, QNST
Jacob Armstrong
KeyBanc Capital Markets
2 questions for PUBM
Also covers: IAS
Jason Helfstein
Oppenheimer & Co. Inc.
2 questions for PUBM
Also covers: ANGI, BLDE, CART +23 more
MC
Matthew Condon
Not Specified in Transcript
2 questions for PUBM
Also covers: ANGI, CTV, DSP +12 more
RC
Robert Coolbrith
Evercore ISI
2 questions for PUBM
Also covers: APP, BMBL, CDLX +10 more
SR
Steve Roman
Oppenheimer
2 questions for PUBM
Also covers: TBLA
Zach Cummins
B. Riley Securities
2 questions for PUBM
Also covers: AEYE, BLZE, DHX +9 more
BD
Brianna Diaz
Citizens
1 question for PUBM
Also covers: GRND, NRDY
IP
Ian Peterson
Evercore ISI
1 question for PUBM
Also covers: ROKU
Kenneth Wu
Wolfe Research
1 question for PUBM
Also covers: MGNI
MC
Matt Condon
Citizens Financial Group, Inc.
1 question for PUBM
Also covers: ANGI, DV, IAC +4 more
MS
Matt Swanson
RBC Capital Markets, LLC
1 question for PUBM
Also covers: XMTR, ZETA
MM
Mauricio Munoz Roldan
Raymond James
1 question for PUBM
Also covers: DSP
RC
Rob Culbreth
Evercore ISI
1 question for PUBM
RC
Robert Culbreth
B. Riley Securities
1 question for PUBM
Also covers: CDLX, IAS
SB
Simran Biswal
RBC Capital Markets
1 question for PUBM
Also covers: MGNI, NTCT, PD +1 more
TN
Tim Nollen
Macquarie Group
1 question for PUBM
Also covers: APP, CRTO, DIS +5 more
Recent press releases and 8-K filings for PUBM.
PubMatic Reports Strong Q4 2025 Results, Highlights AI Leadership, and Provides 2026 Outlook
PUBM
Earnings
Guidance Update
New Projects/Investments
- PubMatic delivered an exceptionally strong fourth quarter 2025, with revenue and adjusted EBITDA exceeding guidance, and an adjusted EBITDA margin of 35%. Key growth areas included CTV, which grew over 50% year-over-year (excluding political), and emerging revenues, which nearly doubled over 2024 to represent nearly 10% of total revenues.
- The company highlighted its leadership in AI solutions, with agentic advertising emerging as a new tailwind. PubMatic has already run over 250 agentic deals and expects 25% of all digital advertising to be executed autonomously via Agentic AI by 2028, increasing to 50% by 2030.
- Strategic initiatives in 2025 included adding 50 new DSP partnerships and expanding its CTV presence to partner with 28 of the top 30 global streamers. The mobile app business also saw strong growth, with Q4 2025 revenue increasing over 25% year-over-year.
- PubMatic generated $81 million in net operating cash flows and $46 million in free cash flow in 2025, ending the year with $145.5 million in cash and zero debt. The company has $93.9 million remaining in its share repurchase program authorized through the end of 2026.
- For Q1 2026, revenue is expected to be in the range of $58 million–$60 million, with adjusted EBITDA between -$0.5 million to +$1 million. The company anticipates returning to double-digit revenue growth in the second half of 2026.
1 day ago
PubMatic Reports Strong Q4 2025 Results and Provides Q1 2026 Outlook
PUBM
Earnings
Guidance Update
Revenue Acceleration/Inflection
- PubMatic delivered strong Q4 2025 results, with revenue and adjusted EBITDA ahead of guidance, and an adjusted EBITDA margin of 35%. The business, adjusted for political and legacy DSP revenues, grew 18% year-over-year.
- Key growth drivers included CTV, which grew over 50% year-over-year (excluding political), mobile app revenue up over 25% year-over-year, and emerging revenues growing over 75% year-over-year to represent roughly 12% of total revenues.
- The company highlighted its leadership in AI solutions and Agentic advertising, with over 250 agentic deals run and nearly 10% of publishers on its platform deriving revenue from AI solutions.
- For Q1 2026, PubMatic expects revenue between $58 million and $60 million and adjusted EBITDA between -$0.5 million and +$1 million. The company anticipates returning to double-digit revenue growth in the second half of 2026.
- PubMatic maintains a strong financial position, ending Q4 2025 with $145.5 million in cash and no debt, and $93.9 million remaining in its share repurchase program.
1 day ago
PubMatic Announces Q4 and Full Year 2025 Financial Results
PUBM
Earnings
Guidance Update
Share Buyback
- PubMatic reported $80.0 million in revenue, $27.8 million in Adjusted EBITDA (35% margin), and $6.7 million in GAAP Net Income for Q4 2025.
- Key growth drivers included CTV revenue up 50%+ year-over-year, Emerging Revenues up ~100% year-over-year (representing ~10% of total 2025 revenue), and Mobile App growth of over 25% year-over-year in Q4 2025, with AI identified as an incremental tailwind for growth.
- For Q1 2026, the company provided guidance of revenue between $58 million and $60 million and Adjusted EBITDA between ($0.5 million) and $1.0 million.
- PubMatic generated $46.2 million in Free Cash Flow for FY 2025 and repurchased 12.4 million Class A common shares for $181 million from February 2023 to December 2025, ending the year with no debt.
1 day ago
PubMatic Reports Strong Q4 2025 Results, Highlights AI Leadership and Positive 2026 Outlook
PUBM
Earnings
Guidance Update
Share Buyback
- PubMatic exceeded expectations in Q4 2025, with revenue and adjusted EBITDA ahead of guidance, and achieved a 35% adjusted EBITDA margin. The company generated $46 million in free cash flow for the full year 2025, a 32% increase over 2024.
- The company emphasized its leadership in AI solutions and agentic advertising, with emerging revenues (including AI solutions) nearly doubling over 2024 and representing almost 10% of total revenues. AI is also driving operational efficiencies, with over 40% of new code in H2 2025 written by AI.
- For Q1 2026, PubMatic expects revenue between $58 million and $60 million and adjusted EBITDA between -$0.5 million and +$1 million. The company anticipates returning to double-digit revenue growth in the second half of 2026, accompanied by margin expansion due to revenue scale and AI-enabled efficiencies.
- PubMatic maintains a strong financial position with $145.5 million in cash and no debt at the end of Q4 2025. The company also has $93.9 million remaining in its share repurchase program authorized through the end of 2026.
1 day ago
PubMatic Announces Q4 and Full Year 2025 Financial Results
PUBM
Earnings
Guidance Update
Share Buyback
- PubMatic reported fiscal year 2025 revenue of $282.9 million, a decrease from $291.3 million in 2024, and a GAAP net loss of $(14.5) million, or $(0.31) per diluted share, compared to net income in the prior year. For the fourth quarter of 2025, revenue was $80.0 million and GAAP net income was $6.7 million, or $0.14 per diluted share.
- The company's net cash generated from operations for FY 2025 was $81.1 million, a 10% increase over 2024, and free cash flow was $46.2 million, up 32% over 2024.
- PubMatic repurchased 4.1 million shares in 2025, representing 8.1% of fully diluted shares as of December 31, 2025.
- The company expects to return to double-digit revenue growth in the second half of 2026.
1 day ago
PubMatic Announces Fourth Quarter and Fiscal Year Ended 2025 Financial Results
PUBM
Earnings
Guidance Update
Share Buyback
- PubMatic reported Fiscal Year 2025 revenue of $282.9 million, a decrease from $291.3 million in 2024, and a GAAP net loss of $(14.5) million, or $(0.31) per diluted share, compared to net income in the prior year.
- For the fourth quarter of 2025, revenue was $80.0 million, and GAAP net income was $6.7 million, or $0.14 per diluted share.
- Adjusted EBITDA for FY 2025 was $61.6 million (22% margin) and $27.8 million for Q4 2025 (35% margin).
- Net cash generated from operations in FY 2025 was $81.1 million, an increase of 10% over 2024, and free cash flow grew 32% to $46.2 million.
- The company repurchased 4.1 million shares in 2025 and provided Q1 2026 revenue guidance of $58 million to $60 million and Adjusted EBITDA guidance of $(0.5) million to $1.0 million.
1 day ago
PubMatic Launches AI Insights for Publishers
PUBM
Product Launch
New Projects/Investments
- PubMatic (NASDAQ:PUBM) has launched AI Insights, a new set of AI-powered capabilities designed to help publishers understand demand dynamics and make faster, more informed decisions to optimize their revenue.
- Available via the PubMatic Assistant, AI Insights provides publishers with real-time visibility into how their inventory, pricing, and demand compare to a relevant peer set, while protecting proprietary data.
- The tool helps publishers understand why performance changes by combining real-time benchmarking with AI-generated interpretation, offering actionable intelligence on channel optimization, advertiser strategies, inventory alignment, and buyer behavior trends.
- Early use cases showed a CTV publisher identified an opportunity for up to 27% higher eCPMs and an online video publisher discovered comparable inventory monetizing at approximately 22% higher eCPMs during the same period, based on historical performance data from December 2025.
- AI Insights is available now to eligible publishers on a subscription basis.
Feb 2, 2026, 2:00 PM
PubMatic Expands Commercial Leadership Team
PUBM
Management Change
Hiring
New Projects/Investments
- PubMatic announced a major expansion of its commercial leadership team to accelerate buy-side and publisher growth, driven by increasing demand for AI-driven buying across premium CTV, mobile app, and omnichannel media.
- Key appointments include Joseph Dressler as Senior Vice President, Advertiser Solutions (Brands) and Bill McLaughlin as Senior Vice President, Advertiser Solutions (Agencies), strengthening the North American commercial organization.
- This expansion aims to fuel buy-side growth, particularly with the deployment of PubMatic's AI-powered AgenticOS and its Agentic Accelerator Program.
- PubMatic is also scaling publisher partnerships with new leaders focused on direct partnerships with premium publishers and app developers for monetization and growth across CTV, mobile app, and omnichannel formats.
- The company currently partners with over 90% of the world's top streaming platforms, and direct supply path optimization (SPO) relationships account for more than 50% of total platform activity.
Jan 27, 2026, 2:00 PM
PubMatic Launches AgenticOS
PUBM
Product Launch
New Projects/Investments
- PubMatic announced the launch of AgenticOS, an operating system designed to orchestrate autonomous, agent-to-agent advertising execution across premium digital environments.
- AgenticOS enables agents to plan, transact, and optimize programmatic advertising with speed, consistency, and control, launching with partners such as WPP Media, Butler/Till, and MiQ.
- The system is built on PubMatic’s global infrastructure, leveraging NVIDIA-accelerated computing, and early tests indicate it can reduce campaign setup time by 87% and issue resolution by 70%.
- To support real-world adoption, PubMatic is also launching the Agentic AI Acceleration Program, with in-market deployments planned throughout Q1 2026.
Jan 5, 2026, 1:00 PM
PubMatic Partners with Untapped Growth and tvScientific to Enhance Independent Agency CTV Buying
PUBM
Product Launch
New Projects/Investments
- PubMatic has partnered with Untapped Growth and tvScientific to provide independent agencies with enhanced capabilities for buying and measuring Connected TV (CTV) advertising.
- The collaboration integrates PubMatic's AI-powered infrastructure and premium inventory, Untapped Growth's collective buying power, and tvScientific's performance TV measurement platform.
- This partnership leverages agentic AI to automate campaign setup, optimize delivery, and reduce troubleshooting time by up to 70%, aiming to create a more efficient and transparent supply chain for independent agencies.
- The initiative supports the projected growth in U.S. connected TV ad spend, which is expected to reach $33 billion in 2025, representing a nearly 16% year-over-year increase.
Dec 10, 2025, 1:00 PM
Quarterly earnings call transcripts for PubMatic.
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