PubMatic Announces Third Quarter 2025 Financial Results

Impact · against what's priced in

PubMatic's Q3 results are positive, driven by a beat on financial guidance and accelerated CTV growth exceeding 50%. The strong operational performance and cash flow generation provide a near-term catalyst for the stock.

PUBM+0.60

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In context

The company beat revenue and adjusted EBITDA guidance while maintaining CTV growth over 50% year-over-year excluding political spend.

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Actual

• guidance▲3%
• earnings
• revenue
• PUBM
• ad tech
• ctv
• digital advertising

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