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.
Eric Martinuzzi
Lake Street Capital Markets
3 questions for PUBM
Also covers: APEI, ASPU, ASUR +24 more
JH
James Heaney
Jefferies
3 questions for PUBM
Also covers: APP, EA, IAC +9 more
Matthew Swanson
RBC Capital Markets
3 questions for PUBM
Also covers: ADBE, DV, IBM +7 more
Andrew Boone
JMP Securities
2 questions for PUBM
Also covers: CARG, CART, CVNA +23 more
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
RC
Robert Coolbrith
Evercore ISI
2 questions for PUBM
Also covers: BMBL, CDLX, ETSY +8 more
Shweta Khajuria
Wolfe Research, LLC
2 questions for PUBM
Also covers: BMBL, CART, CHWY +14 more
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
Matthew Condon
Not Specified in Transcript
1 question for PUBM
Also covers: ANGI, CTV, DSP +12 more
MM
Mauricio Munoz Roldan
Raymond James
1 question for PUBM
Also covers: DSP
SB
Simran Biswal
RBC Capital Markets
1 question for PUBM
Also covers: MGNI, PD
TN
Tim Nollen
Macquarie Group
1 question for PUBM
Also covers: CRTO, DIS, IPG +2 more
Recent press releases and 8-K filings for PUBM.
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
PubMatic Discusses Strong Q3, AI Investments, and H2 2026 Growth Outlook
PUBM
Revenue Acceleration/Inflection
New Projects/Investments
Legal Proceedings
- PubMatic reported a solid third quarter, exceeding guidance, with its CTV business (nearly 20% of revenues) growing double digits and merchant revenues (about 10% of revenues) increasing over 80%.
- The company is heavily investing in AI capabilities, with its AI-enabled Activate product revenue growing 100% year-over-year and the launch of 17 discrete AI agents for publishers. PubMatic expects AI to be a significant driver of future innovation and revenue.
- PubMatic anticipates re-accelerated growth in the second half of 2026, driven by continued investment in high-growth areas like CTV, Activate, and agentic AI workflows, and expects benefits from a stabilized relationship with The Trade Desk and potential behavioral remedies from the Google trial.
Dec 9, 2025, 7:20 PM
PubMatic Reports Strong Q3 Performance, Highlights AI Leadership and Future Growth Drivers
PUBM
Revenue Acceleration/Inflection
New Projects/Investments
Product Launch
- PubMatic reported a solid third quarter, exceeding guidance on both top and bottom lines, driven by double-digit growth in its CTV business (nearly 20% of revenues) and over 80% growth in merchant revenues (about 10% of revenues).
- The company emphasizes its position as an AI ad tech company, highlighting its advanced AI capabilities, including AI-enabled Activate products (which saw 100% year-over-year revenue growth) and 17 discrete agents for publishers.
- PubMatic is actively diversifying its DSP exposure, with mid-tier performance-centric DSPs growing 25% year-over-year, and expects to re-accelerate overall growth in the second half of 2026.
- Key investment areas for 2026 include CTV, Activate, commerce media, and agentic work, with a focus on allocating resources to these fast-growing segments without significant total headcount growth.
Dec 9, 2025, 7:20 PM
PubMatic CFO Discusses Q3 Performance, AI Investments, and H2 2026 Growth Outlook
PUBM
Revenue Acceleration/Inflection
New Projects/Investments
Legal Proceedings
- PubMatic reported a solid third quarter, exceeding guidance on both top and bottom lines, with its CTV business (nearly 20% of revenues) growing over 50% and merchant revenues (about 10% of revenues) growing over 80%.
- The company is making significant investments in AI capabilities, including infrastructure improvements with NVIDIA and the launch of 17 discrete agents for publishers, and has seen its Activate product revenue grow 100% year-over-year.
- PubMatic is diversifying its DSP exposure, with mid-tier performance-centric DSPs growing 25% year-over-year, and anticipates that behavioral remedies from the Google antitrust trial could be in place by mid-2026 or later, creating a more level playing field.
- For 2026, PubMatic plans to prioritize investments in CTV, Activate, commerce media, and agentic AI, expecting to re-accelerate overall growth in the second half of 2026.
Dec 9, 2025, 7:20 PM
PubMatic Reports Strong Q3 2025 Results and Provides Q4 and Full-Year Guidance
PUBM
Earnings
Guidance Update
New Projects/Investments
- PubMatic delivered a stronger-than-expected Q3 2025, with revenue and adjusted EBITDA ahead of guidance, and strong cash flow.
- Key growth drivers included CTV revenue, which grew over 50% year-over-year (excluding political advertising) and contributed approximately 38% of total revenue, and emerging revenues, which grew over 80% year-over-year and scaled to 10% of total revenue.
- The company is leveraging AI innovations across its infrastructure, application, and transaction layers, with a collaboration with NVIDIA leading to 5x faster bid responses and 85% fewer auction timeouts.
- For Q4 2025, PubMatic expects revenue in the range of $73 million-$77 million and adjusted EBITDA between $19 million-$21 million. Full-year 2025 revenue guidance is $276 million-$280 million, and adjusted EBITDA is $53 million-$55 million.
- PubMatic anticipates a return to double-digit revenue growth in 2026 and beyond, with margin expansion, supported by ongoing investments in AI, diversification of DSPs, and a remaining $94.4 million in its share repurchase program.
Nov 10, 2025, 9:30 PM
PubMatic Announces Q3 2025 Financial Results and Guidance
PUBM
Earnings
Guidance Update
Revenue Acceleration/Inflection
- PubMatic reported Q3 2025 revenue of $68.0 million and Adjusted EBITDA of $11.2 million (16% margin), alongside a GAAP net loss of $(6.5) million.
- The company generated $32.4 million in cash flow from operations during Q3 2025.
- Key growth drivers for Q3 2025 included emerging revenues growing over 80% year-over-year, Omnichannel Video Revenue increasing by over 20%, and CTV Revenue by over 50%.
- AI efficiencies contributed to a 19% year-over-year decline in unit cost (TTM Q3 2025) and supported investment in growth areas.
- For Q4 2025, revenue guidance is set between $73 million and $77 million, with full-year 2025 revenue guidance ranging from $276 million to $280 million.
Nov 10, 2025, 9:30 PM
PubMatic Reports Strong Q3 2025 Results and Provides Q4 and Full-Year Guidance
PUBM
Earnings
Guidance Update
New Projects/Investments
- PubMatic delivered a stronger-than-expected Q3 2025, with revenue and adjusted EBITDA ahead of guidance, and strong cash flow.
- Key growth drivers in Q3 2025 included CTV, which grew over 50% year-over-year (excluding political advertising), emerging revenues growing over 80% year-over-year, and Activate revenue increasing over 100% year-over-year.
- The company highlighted AI as a strategic differentiator, driving increased platform usage, generating new revenue streams (such as an AI-based yield optimization solution increasing publisher revenue by 10%), and improving operational efficiency.
- In Q3 2025, PubMatic generated $32.4 million in net operating cash flows and $22.8 million in free cash flow, ending the quarter with $136.5 million in cash and zero debt. Since February 2023 through Q3 2025, the company has repurchased 12.4 million Class A common shares for $180.6 million.
- For Q4 2025, PubMatic anticipates revenue between $73 million-$77 million and adjusted EBITDA between $19 million-$21 million. Full-year 2025 revenue is projected to be $276 million-$280 million, with adjusted EBITDA of $53 million-$55 million.
Nov 10, 2025, 9:30 PM
PubMatic Reports Strong Q3 2025 Results and Provides Q4 2025 Guidance
PUBM
Earnings
Guidance Update
New Projects/Investments
- PubMatic delivered a strong Q3 2025, with revenue and adjusted EBITDA ahead of guidance, and generated $22.8 million in free cash flow.
- Key growth drivers included CTV, which grew over 50% year-over-year (excluding political), and emerging revenues, which increased over 80% year-over-year and now represent 10% of total revenue.
- The company is heavily focused on AI innovation across its platform, which is driving increased usage, generating new revenue streams, and improving operational efficiency.
- For Q4 2025, PubMatic projects revenue between $73 million and $77 million, and adjusted EBITDA between $19 million and $21 million.
- PubMatic has repurchased 12.4 million Class A common shares for $180.6 million since February 2023 through Q3 2025, with $94.4 million remaining in the authorized repurchase program through the end of 2026.
Nov 10, 2025, 9:30 PM
PubMatic Announces Third Quarter 2025 Financial Results
PUBM
Earnings
Guidance Update
Share Buyback
- PubMatic reported Q3 2025 revenue of $68.0 million and Adjusted EBITDA of $11.2 million, both ahead of guidance. This compares to $71.8 million revenue and $18.5 million Adjusted EBITDA in Q3 2024.
- The company experienced strong growth in key areas, with CTV revenue growing over 50% year-over-year (excluding political ad spend) and Activate revenue up over 100% year-over-year.
- Net dollar-based retention for the trailing twelve months ended September 30, 2025, was 98%, a decrease from 112% in the comparable prior-year period.
- PubMatic provided Q4 2025 guidance, anticipating revenue between $73 million and $77 million and Adjusted EBITDA between $19 million and $21 million.
Nov 10, 2025, 9:10 PM
PubMatic Under Investigation by Shareholder Rights Law Firm
PUBM
Legal Proceedings
Demand Weakening
- Bragar Eagel & Squire, P.C. is investigating PubMatic (PUBM) for potential breaches of fiduciary duties to long-term stockholders.
- This investigation follows a class action complaint filed on August 20, 2025, alleging that PubMatic made materially false or misleading statements and failed to disclose adverse facts during the Class Period from February 27, 2025, to August 11, 2025.
- The complaint specifically alleges that a top DSP buyer shifted clients to a new platform, resulting in a reduction in ad spend and revenue for PubMatic.
- Following the disclosure of this issue in PubMatic's Q2 2025 financial report on August 11, 2025, the company's stock price fell $2.23, or 21.1%, to close at $8.34 per share on August 12, 2025.
Oct 21, 2025, 8:24 PM
Quarterly earnings call transcripts for PubMatic.
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