PubMatic Inc. announced its financial results for the first quarter of 2025, reporting a revenue of $63.8 million, a decrease from $66.7 million in the same period of 2024. Despite the decline in revenue, the company processed nearly 75 trillion impressions in Q1 2025, marking a 29% increase over Q1 2024. Additionally, the cost of revenue per million impressions processed decreased by 20% on a trailing twelve-month basis compared to the prior period. The company achieved its 36th consecutive quarter of adjusted EBITDA profitability. While specific net income figures were not provided, PubMatic highlighted its ongoing investments in product innovation and go-to-market teams, contributing to a 21% year-over-year growth in its underlying business. Looking ahead to the second half of the year, PubMatic expects its underlying revenues to continue growing by 15% or more, supported by strong business momentum and strategic investments. CEO Rajeev Goel emphasized the company's position at the forefront of the shift towards programmatic and AI-driven solutions, highlighting the increasing advertiser demand for more transparent and efficient paths to inventory and data. CFO Steve Pantelick expressed confidence in PubMatic's ability to navigate the current environment and position itself for future market share gains, citing a prudent operational plan and a durable business model.