PubMatic beats Q4 revenue expectations

PubMatic

26/02/2026 21:41

Overview

AI-powered ad tech firm's Q4 revenue beat analyst expectations

Adjusted EBITDA for Q4 exceeded analyst estimates

FY 2025 CTV revenue grew over 50% excluding political ad spend

Outlook

PubMatic expects Q1 2026 revenue between $58 mln and $60 mln

Company anticipates Q1 2026 adjusted EBITDA between $(0.5) mln and $1.0 mln

PubMatic expects double-digit revenue growth in second half of 2026

Result Drivers

AI SOLUTIONS - PubMatic's AI-powered solutions improved operational efficiencies

AGENTICOS PLATFORM - Over 250 agentic deals transacted on PubMatic's AgenticOS platform, driving growth

CTV GROWTH - Excluding political advertising, FY 2025 revenue from CTV grew over 50% year-over-year

Company press release: ID:nBw8bDvzka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$80 mln
$75.29 mln (12 Analysts)
Q4 Adjusted Net Income
$14.44 mln
Q4 Net Income
$6.7 mln
Q4 Adjusted EBITDA
Beat
$27.8 mln
$20.14 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 $11.50, about 74.8% above its February 25 closing price of $6.58

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)