Overview
PubMatic Q3 revenue of $68 mln beats analyst expectations
Adjusted EBITDA for Q3 at $11.2 mln, surpassing estimates
Company repurchased 12.4 mln shares, 24% of total shares
Outlook
PubMatic expects Q4 2025 revenue between $73 mln and $77 mln
Company anticipates Q4 2025 adjusted EBITDA between $19 mln and $21 mln
PubMatic notes foreign currency impact on Q4 2025 adjusted EBITDA
Result Drivers
CTV REVENUE GROWTH - CTV revenue grew over 50% year-over-year excluding political ad spend, driven by partnerships with streaming services like Tubi and LocalNow
ACTIVATE REVENUE SURGE - Activate revenue increased over 100% year-over-year, contributing to PubMatic's revenue growth
AI PLATFORM EFFICIENCY - AI-powered platform reduced campaign setup time by 87% and sped up issue resolution by 70%, enhancing operational efficiency
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $68 mln | $63.88 mln (11 Analysts) |
Q3 Adjusted Net Income | Beat | $1.60 mln | -$10.30 mln (8 Analysts) |
Q3 Net Income | -$6.50 mln | ||
Q3 Adjusted EBITDA | Beat | $11.20 mln | $8.77 mln (12 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for PubMatic Inc is $11.00, about 32.7% above its November 7 closing price of $7.40
Press Release: ID:nBw8QHsMGa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)