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 ( PUBM ) sees Q3 revenue between $61 mln and $66 mln

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

* PubMatic ( PUBM ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $71.10 $67.90

Revenue mln mln (11

Analysts

)

Q2 Beat $2.50 -$7.77

Adjusted mln mln (7

Net Analysts

Income )

Q2 Net -$5.20

Income mln

Q2 Beat $14.20 $10.80

Adjusted mln mln (11

EBITDA 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 ( PUBM ) is $15.50, about 29.5% above its August 8 closing price of $10.93

Press Release:

(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.)