PubMatic Q2 revenue beats estimates

PubMatic

11/08/2025 21:30

Overview

PubMatic Q2 2025 revenue rises 6% yr/yr, beating analyst expectations, per LSEG data

Adjusted EBITDA for Q2 beats consensus, driven by high-margin revenue

Co repurchased 3.5 mln shares, 7% of fully diluted shares

Outlook

PubMatic sees Q3 revenue between $61 mln and $66 mln

Company expects Q3 adjusted EBITDA of $7 mln to $10 mln

PubMatic anticipates negative forex impact on Q3 adjusted EBITDA

Company assumes stable macroeconomic and geopolitical conditions for Q3

Result Drivers

CTV GROWTH - Revenue from CTV grew over 50% year-over-year, contributing significantly to total revenue

SUPPLY PATH OPTIMIZATION - Accounted for more than 55% of total platform activity, driven by initiatives like Activate and CTV Marketplaces

DSP DIVERSIFICATION - 20%+ increase in ad spend from performance marketers and mid-tier DSPs, enhancing demand diversity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$71.10 mln
$67.90 mln (11 Analysts)
Q2 Adjusted Net Income
Beat
$2.50 mln
-$7.77 mln (7 Analysts)
Q2 Net Income
-$5.20 mln
Q2 Adjusted EBITDA
Beat
$14.20 mln
$10.80 mln (11 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "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 $15.50, about 29.5% above its August 8 closing price of $10.93

Press Release: ID:nGNXbWY44r

(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.)