PubMatic, Inc. (PUBM - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PUBM crossed above the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
Shares of PUBM have been moving higher over the past four weeks, up 28.7%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that PUBM could be poised for a continued surge.
Once investors consider PUBM's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 1 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on PUBM for more gains in the near future.
On September 02, 2026, PubMatic Inc PUBM shares rose 6.8%, continuing a strong performance trend with a current trading price of $17.38. Over the past year, the stock has experienced significant volatility, reaching a 52-week high of $18.44 and a low of $6.15.
GF Value™ verdict: Current price $17.38 vs GF Value™ $16.31, indicating the stock is 6.6% overvalued. GF Score™ of 80/100 suggests strong overall fundamentals and performance potential. Most notable signal: Insiders sold $20.1M worth of shares in the past 12 months without any buying activity. Is PUBM Overvalued or Undervalued? PubMatic Inc's current price of $17.38 is above the GF Value™ estimate of $16.31, which marks the stock as 6.6% overvalued. The GF Value™ is GuruFocus' proprietary intrinsic value estimate that takes into account historical trading multiples, past business growth, and future performance projections. Given the current valuation, there is a lack of margin of safety, which could pose a risk for potential investors. The GF Valuation label indicates that the stock is fairly valued, but the overvaluation based on GF Value™ suggests caution is warranted when considering the stock's future performance.
Investors should be particularly aware that for loss-making companies like PubMatic, traditional earnings-based valuations, such as Price-to-Earnings (P/E) ratios, may not provide a reliable basis for investment decisions. Instead, a Price-to-Sales (P/S) analysis may be more appropriate. The stock’s historical median P/S ratio is approximately 3.4x, a metric to consider when evaluating its current price in the context of revenue generation rather than profits.
How Does PUBM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) N/A 46.8x (5-Year Median) Forward P/E 95.0x N/A Given that PubMatic is currently unprofitable and cash-flow-negative, the absence of a current P/E ratio reinforces the notion that traditional earnings-based metrics are not applicable for this stock. The current forward P/E of 95.0x also suggests that the market is pricing in significant growth expectations, which may not align with the company's historical performance. This analysis is consistent with the GF Value™ verdict, highlighting potential overvaluation concerns.
What Does PUBM's GF Score™ Tell Us? GF Score™ measures a company's overall financial health and market performance, offering insights into various aspects like financial strength, profitability, growth potential, valuation, and momentum. PubMatic's score of 80/100 indicates solid fundamentals, though there are areas needing improvement.
Metric Rating GF Score™ 80/100 Financial Strength 6/10 Profitability 6/10 Growth 6/10 Valuation 9/10 Momentum 9/10 The analysis reveals that PubMatic has demonstrated strong momentum and valuation ranks, both scoring 9/10, indicating robust price performance and market positioning. However, the financial strength, profitability, and growth ranks of 6/10 suggest that while the company has a good foundation, there are areas for improvement that might affect long-term sustainability.
What Are Gurus and Insiders Doing with PUBM? Currently, three investment gurus hold positions in PubMatic, with two increasing their stakes, while two have trimmed their holdings in recent quarters. This mixed activity signals a cautious but engaged interest from institutional investors.
On the insider front, the notable selling of $20.1M in shares over the past 12 months, without any buying, raises concerns about management’s confidence in the stock’s future price appreciation. This pattern could indicate that insiders believe the stock is fairly valued or overvalued at present levels, a sentiment that investors may want to consider seriously.
What This Means for Investors In summary, PubMatic Inc appears to be overvalued based on the current GF Value™ estimate, suggesting that investors should approach with caution. The price-to-sales analysis is crucial for understanding the stock's valuation given its unprofitable status, and the insider selling activity further complicates the outlook. For a detailed exploration of PubMatic Inc's financial data and performance, visit the PubMatic Inc PUBM stock page.
Frequently Asked Questions What is PUBM's GF Score™?
PUBM's GF Score™ is 80/100, indicating strong overall fundamentals and a favorable market position.
Is PUBM overvalued or undervalued?
PUBM is currently overvalued, as indicated by the GF Value™ estimate being 6.6% below the current market price.
What is PUBM's P/E ratio?
PUBM does not have a current P/E ratio due to being unprofitable, while its 5-year median P/E is 46.8x, suggesting traditional earnings metrics are not applicable.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at PubMatic, Inc. (PUBM - Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. PubMatic, Inc. currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for PUBM that show why this company shows promise as a solid momentum pick.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For PUBM, shares are up 2.5% over the past week while the Zacks Internet - Software industry is up 0.8% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 33.49% compares favorably with the industry's 4.94% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of PubMatic, Inc. have risen 45.75%, and are up 94% in the last year. In comparison, the S&P 500 has only moved 2.22% and 19.79%, respectively.
Investors should also pay attention to PUBM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. PUBM is currently averaging 856,028 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with PUBM.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost PUBM's consensus estimate, increasing from $0.42 to $0.50 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that PUBM is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep PubMatic, Inc. on your short list.
Investors might want to bet on PubMatic, Inc. (PUBM - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For PubMatic, Inc., there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe company is expected to earn $0.17 per share for the current quarter, which represents a year-over-year change of +466.7%.
Over the last 30 days, the Zacks Consensus Estimate for PubMatic has increased 96.82% because one estimate has moved higher compared to no negative revisions.
Current-Year Estimate RevisionsFor the full year, the earnings estimate of $0.50 per share represents a change of +51.5% from the year-ago number.
There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, one estimate has moved up for PubMatic versus no negative revisions. This has pushed the consensus estimate 65.05% higher.
Favorable Zacks RankThanks to promising estimate revisions, PubMatic currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineWhile strong estimate revisions for PubMatic have attracted decent investments and pushed the stock 32.7% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--Veteran revenue leader from Uber Advertising, Google to lead global revenue strategy and execution at PubMatic.
PubMatic, Inc. delivered a strong Q2, with revenues up 10.5% y/y and a 31% share price surge post-earnings. Profitability improved markedly, driven by a revenue mix shift toward higher-margin mobile app and CTV segments, and a substantial EPS beat. PUBM's balance sheet remains robust, with $120m in cash, no long-term debt, and free cash flow up 47% y/y, supporting future growth.
PubMatic, Inc. (PUBM) Q2 2026 Earnings Call August 6, 2026 4:30 PM EDT
Company Participants
Rajeev Goel - Co-Founder, CEO & Director
Steven Pantelick - Chief Financial Officer
Conference Call Participants
Stacie Clements - The Blueshirt Group, LLC
Shweta Khajuria - Wolfe Research, LLC
Robert Coolbrith - Evercore ISI Institutional Equities, Research Division
Naved Khan - B. Riley Securities, Inc., Research Division
Eric Martinuzzi - Lake Street Capital Markets, LLC, Research Division
James Heaney - Jefferies LLC, Research Division
Barton Crockett - Rosenblatt Securities Inc., Research Division
Simran Biswal - RBC Capital Markets, Research Division
Presentation
Operator
Hello, everyone, and welcome to PubMatic Second Quarter 2026 Earnings Call. My name is Annabeth, and I will be your Zoom operator today. Thank you for your attendance today. As a reminder, this webinar is being recorded.
I will now turn the call over to Stacie Clements.
Stacie Clements
The Blueshirt Group, LLC
Good afternoon, everyone, and welcome to PubMatic's earnings call for the second quarter of 2026. This is Stacie Clements, and I'll be your operator today. Joining me on the call are Rajeev Goel, Co-Founder and CEO; and Steve Pantelick, CFO.
Before we get started, I have a few housekeeping items. Today's prepared remarks have been recorded, after which Rajeev and Steve will host live Q&A. [Operator Instructions] A copy of our press release can be found on our website at investors.pubmatic.com.
I would like to remind participants that during this call, management will make forward-looking statements, including, without limitation, statements regarding our future performance, market opportunity, growth strategy and financial outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, macroeconomic environment and future conditions. These forward-looking statements are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict. You can find more information about these risks and uncertainties in our reports filed with the Securities and Exchange Commission
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic, Inc. (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced that members of its management team will host investor meetings at the following upcoming financial conferences:
August 11, 2026: Oppenheimer 29th Annual Technology, Internet & Communications Conference (Virtual). August 18, 2026: Rosenblatt’s 6th Annual Virtual Technology Summit. September 9, 2026: Wolfe Research TMT Conference 2026 in San Francisco, CA. September 10, 2026: Lake Street Capital Markets 10th Annual Best Ideas Growth Conference in New York, NY. About PubMatic
PubMatic is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with great transparency, control, and efficiency. Since 2006, PubMatic has pioneered major advances in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
3 Overlooked Stocks Where Rewards Outweigh the RisksPubMatic NASDAQ: PUBM reported second-quarter revenue growth of 11% year over year, returning to double-digit growth ahead of its prior expectations, as the company cited momentum in connected TV, mobile applications and AI-powered products.
Adjusted EBITDA rose 38% from a year earlier to $19.6 million, representing a 25% margin, while free cash flow increased 47% to $13.7 million. The company reported a GAAP net loss of $1.2 million, or $0.03 per diluted share.
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The Trade Desk: When Sell the News Turns Into Buy the DipCEO and co-founder Rajeev Goel said the company’s business mix has shifted substantially toward higher-growth areas. Approximately 60% of second-quarter revenue came from CTV, mobile app and emerging revenue streams, compared with roughly 30% three years earlier. Those categories grew nearly 40% year over year in aggregate, according to CFO Steve Pantelick.
CTV, Mobile App and AI Products Drive Growth Global CTV revenue increased 13% year over year and accounted for approximately 20% of total revenue. CTV revenue in the Americas rose 25%, aided by new advertisers, premium inventory and live sports activity.
Roblox's Growth Beyond Kids: Stock Set for Major MovesMobile-app revenue grew more than 40% and represented about 25% of quarterly revenue. Pantelick attributed that growth to mediation-platform integrations, product development and expansion of PubMatic’s global app-publisher base.
Emerging revenue streams nearly doubled year over year to an all-time high of roughly 15% of revenue, driven in part by adoption of newer AI products, including AgenticOS. Direct buying through Activate more than doubled globally from a year earlier, management said.
PubMatic also said total display revenue rose 12%, mainly due to mobile-app growth. The company generated several million dollars of incremental revenue during the quarter from the World Cup, Amazon Prime Day and political advertising.
Its top 10 advertising verticals grew 15% in aggregate. Shopping, health and fitness, and personal finance posted double-digit gains, which helped offset softness in food and drink, arts and entertainment, and travel.
Agentic Advertising and Platform Expansion Goel said PubMatic has delivered more than 80 agentic campaigns since launching AgenticOS in January, up from 30 campaigns in the prior quarter. The campaigns included work with all five global agency holding companies.
Management described AgenticOS as a set of more than 20 agents that automate and optimize advertising buying and selling workflows. The company this week introduced an enterprise-buyer agent with configurable controls, approved workflows and audit trails for autonomous campaigns.
Goel said customer adoption remains at an early-adopter stage, though he said clients that have run agentic campaigns have returned with more business. He reiterated his expectation that roughly 25% of the company’s ecosystem could trade agentically by the end of 2028 and 50% by the end of 2030.
PubMatic also highlighted Decision Fabric, introduced in June, which allows advertisers, demand-side platforms and technology partners to run proprietary models within PubMatic’s infrastructure closer to its inventory, data and point of auction. The company named MiQ, Chalice AI, Swim.ai and Empowered among its launch partners.
Management said it believes the movement toward agentic advertising and containerized decisioning shifts more transaction processing to the sell side. Goel said the company aims to reduce the distance between publishers and advertisers by using AgenticOS, Activate and its sell-side platform to support end-to-end execution.
Efficiency, Cash Generation and Capital Returns Gross profit increased 19%, outpacing the 11% revenue increase. PubMatic said it is adjusting its compute and processing resources toward AI-native products and higher-value transactions. During the quarter, gross impressions processed declined 2% sequentially while monetized impressions increased 4%.
Pantelick said the company expects its monetization rate to rise as it prioritizes impressions that create greater value. AI and automation also contributed to lower total headcount year over year across engineering, marketing, customer success and finance, while the company increased go-to-market headcount by 12%.
Operating expenses increased 4%, below revenue growth, as PubMatic continued investing in its buyer-focused sales organization and broader go-to-market efforts.
The company generated $20.2 million in operating cash flow, up 36% from the prior-year period. It ended the quarter with $137.5 million in cash and marketable securities and no debt.
During the quarter, PubMatic repurchased 2.1 million Class A shares for $21.5 million. Since starting its repurchase program in February 2023 through the end of the second quarter, the company has repurchased 15.5 million shares for $211.4 million. It had $63.6 million remaining under the authorization through the end of 2026.
Outlook and Leadership Transition For the third quarter, PubMatic forecast revenue of $75 million to $77 million, representing 12% growth at the midpoint, and adjusted EBITDA of $17 million to $19 million. The company expects low-single-digit sequential increases in cost of revenue and operating expenses as it maintains go-to-market investment.
Management said it expects fourth-quarter adjusted EBITDA margin to be similar to the prior year’s fourth quarter, resulting in meaningful full-year margin expansion. PubMatic raised its full-year capital-expenditure outlook to $20 million to $25 million to support AI workloads and its NVIDIA-related innovation efforts. Pantelick said the added investments are expected to generate incremental revenue with a payback period of about 12 months or less.
The company also expects political advertising to increase later in the year, particularly in the fourth quarter, though Pantelick said the contribution is not expected to match the level seen during the 2024 presidential election cycle.
Separately, Pantelick said he plans to retire early in 2027. He will remain CFO into the first quarter of 2027 and then serve in an advisory role through July 1 to support the transition. PubMatic has begun a search for his successor. The company also said Megan Ram will join as global chief revenue officer on Aug. 10.
About PubMatic (NASDAQ:PUBM)PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.
Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq symbol: PUBM in December 2020.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Should You Invest $1,000 in PubMatic Right Now?Before you consider PubMatic, you'll want to hear this.
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Pantelick to serve as CFO into the first quarter of 2027, then as senior adviser through July 1, 2027; search for his successor underway
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic, Inc. (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced that Steve Pantelick, Chief Financial Officer, intends to retire after fifteen years in the role. Pantelick will continue to serve as Chief Financial Officer into the first quarter of 2027, and then as a senior adviser through July 1, 2027, to support continuity and a smooth transition. The Company has initiated a search for his successor.
Since joining PubMatic in 2011, Pantelick has played a central role in the company's growth from a privately held business into a global public company, leading its finance and legal organizations including accounting, tax, treasury, SEC reporting and investor relations. Since its 2020 initial public offering, revenue has nearly doubled, and the company has generated approximately $450 million in net cash provided by operating activities, returned nearly half of it to shareholders through the repurchase of more than $211 million of its shares, and maintained a debt-free balance sheet.
Under Pantelick's leadership, PubMatic has been profitable on an adjusted EBITDA basis for 41 consecutive quarters, a streak that began in 2016, more than four years before the IPO. He also helped shape the company's disciplined operating model, driving productivity gains that funded strategic reinvestment. The organization he built has the leadership depth, operating rigor and institutional knowledge to support the company's continued success.
"Steve has been my partner in building PubMatic for fifteen years," said Rajeev Goel, Co-Founder and CEO. "I’ve relied on his judgment through every major decision, and the trust he has earned, inside PubMatic and with our investors, is one of the company’s great assets. He has built a strong leadership team that is well prepared for the growth opportunities ahead. I am deeply grateful for his partnership, his leadership and his friendship."
"Today, I believe PubMatic is in the strongest position I have seen in my fifteen years here, which is what makes this the right time to begin planning my retirement,” said Steve Pantelick, Chief Financial Officer. “I joined PubMatic when it was a small private company, and together with Rajeev and this exceptional team, we have built something I am incredibly proud of: a global public company with a strong financial model, substantial operating flexibility and a culture of disciplined execution. My priority is continuing the momentum we reported today."
The announcement coincides with PubMatic's second quarter 2026 financial results, issued separately today, which included the company's return to double-digit year-over-year revenue growth ahead of schedule and expanded profitability. Additional details regarding the transition will be included in the Company's filings with the Securities and Exchange Commission.
Forward Looking Statements
This press release contains "forward-looking statements" regarding future events, including statements regarding the timing and terms of Mr. Pantelick's transition and retirement, the Company's search for a successor Chief Financial Officer, and the anticipated continuity of the Company's financial leadership and operations during this transition. These forward-looking statements are based on our current expectations and assumptions and may differ materially from actual results due to a variety of factors, including our ability to identify, recruit, and transition a successor Chief Financial Officer in a timely manner or at all; the potential for disruption to our business, financial reporting, or operations during the transition period; and the other risks and uncertainties described in the "Risk Factors" section of our SEC filings, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, available on our investor relations website at https://investors.pubmatic.com and on the SEC website at www.sec.gov. All information in this press release is as of August 6, 2026. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
About PubMatic
PubMatic is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency. Since 2006, PubMatic has pioneered major advances in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
PubMatic, Inc. (PUBM - Free Report) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +300.00%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.11, delivering a surprise of -1000%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
PubMatic, which belongs to the Zacks Internet - Software industry, posted revenues of $78.59 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 13.74%. This compares to year-ago revenues of $71.1 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
PubMatic shares have added about 52.3% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for PubMatic?While PubMatic has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for PubMatic was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $71.37 million in revenues for the coming quarter and $0.37 on $294.27 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Autodesk (ADSK - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on August 27.
This design software company is expected to post quarterly earnings of $3.12 per share in its upcoming report, which represents a year-over-year change of +19.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Autodesk's revenues are expected to be $2.01 billion, up 14% from the year-ago quarter.
Delivered revenue and adjusted EBITDA well ahead of guidance;
AI customer adoption more than doubled sequentially, delivering 80+ agentic campaigns and 4,000+ AI-powered deals;
Total Revenues Grew 11%, adjusted EBITDA increased 38% and free cash flow increased 47% year-over-year;
CTV, Mobile App and Emerging Revenues represented ~60% of total revenue;
Repurchased 2.1 million shares in Q2 2026, representing 4.2% of fully diluted shares1 as of June 30, 2026.
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic, Inc. (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today reported financial results for the quarter ended June 30, 2026.
"The second quarter marked an important inflection point for PubMatic. We delivered double-digit revenue growth earlier than anticipated, expanded profitability and strengthened our competitive position across AgenticOS, CTV, and mobile app," said Rajeev Goel, co-founder and CEO at PubMatic. "AI is transforming how digital advertising is planned, activated and optimized, increasing the emphasis on performance advertising. Our AI-native infrastructure and proprietary intelligence consistently deliver better performance, faster execution and greater efficiency for customers. Every interaction strengthens that intelligence, creating a compounding advantage that is difficult to replicate. Further, we’re bringing new forms of advertising, new sources of demand and new intelligence onto our platform that will significantly expand our long-term market opportunities.”
Second Quarter 2026 Financial Highlights
Revenue in the second quarter of 2026 was $78.6 million, up 11% compared to the same period of 2025; GAAP net loss was $(1.2) million with a margin of (1)%, or $(0.03) per diluted share in the second quarter, compared to GAAP net loss of $(5.2) million with a margin of (7)%, or $(0.11) per diluted share in the same period of 2025; Adjusted EBITDA was $19.6 million, or 25% margin, an increase over $14.2 million, or 20% margin in the same period of 2025; Non-GAAP net income was $5.9 million, or $0.12 per non-GAAP diluted share in the second quarter, compared to non-GAAP net income of $2.5 million, or $0.05 per non-GAAP diluted share in the same period of 2025; Net cash provided by operating activities was $20.2 million, a 36% increase over $14.9 million in the same period of 2025; Free cash flow was $13.7 million, a 47% increase over $9.3 million in the same period of 2025; Ended the quarter with total cash, cash equivalents, and marketable securities of $137.5 million with no debt; and Through June 30, 2026, used $211.4 million in cash to repurchase 15.5 million shares of Class A common stock with $63.6 million available from the 2023 Repurchase Program. The section titled “Non-GAAP Financial Measures” below describes our usage of non-GAAP financial measures. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data.
"We delivered a remarkable quarter, exceeding our guidance on revenue and adjusted EBITDA. We returned to double-digit year-over-year revenue growth ahead of schedule: revenue grew 11%, adjusted EBITDA increased 38% and free cash flow increased 47%," said Steve Pantelick, CFO at PubMatic. “Over the past three years, targeted investment and innovation in the fastest-growing areas of digital advertising have fundamentally changed our business. Today, approximately 60% of our revenue comes from CTV, mobile app and emerging revenue streams, roughly double the level of three years ago. Based on this momentum and the strength of our AI-powered products, we anticipate continued double-digit year-over-year revenue growth and meaningful full-year margin expansion.”
Business Highlights
AgenticOS Drives Superior Open Internet Performance and Customer Adoption
Since launching in January 2026, PubMatic has delivered measurable performance gains for customers across more than 80 fully autonomous, end-to-end campaigns globally. This is up from over 30 campaigns a quarter ago, and now includes all five global agency holding companies. Over 4,000 AI-powered deals transacted to date, up from just over 1,000 deals a quarter ago. Level Agency increased ad spend with PubMatic after AgenticOS delivered more than 2x reach per dollar versus its incumbent DSP, while significantly accelerating campaign setup and activation time. Additionally, AgenticOS delivered retargeting at scale within days compared to the 1-2 months ramp typically required by DSP-led campaigns. Havas Media and Telefónica launched Spain's first fully agentic CTV campaign, achieving 18% lower CPM than target while exceeding impression goals by 23% using AgenticOS. Launched advanced guardrail architecture for AgenticOS, giving enterprise buyers configurable control over autonomous campaign execution with human approval workflows, presence-based controls, and full audit trails built directly into the execution layer, reducing barriers to scaling agentic advertising budgets across the platform. New Partnerships Fuel Our Intelligence Advantage
Recently partnered with Gracenote to bring real-time content intelligence, including contextual signals and live sports schedules, directly into the PubMatic platform. By embedding this data at the point of auction, coupled with our rich signal data and proprietary bidstream data, our AI-native infrastructure can make increasingly sophisticated decisions within the milliseconds available before every impression is served. Added premium inventory from marquee broadcaster Channel 4 in the UK to expand its access to advertising buyers. New AI-Powered Solutions Launched
Launched Decision Fabric, a containerization solution bringing buyer intelligence directly into the auction to improve advertising performance. Launch partners include MiQ, Chalice AI, SWYM.ai and InPowered, who can now run proprietary decision models natively within PubMatic's infrastructure. Expanded Into New Markets, Creating Incremental Growth Opportunities
Launched Creator Marketplace, enabling advertisers on PubMatic to connect to premium inventory and reach highly engaged audiences while giving creators new ways to monetize across the open internet. Programmatic trading desk Klever used AgenticOS to help a well-known direct-to-consumer brand expand beyond social channels into premium CTV, and delivered a 5x return on ad spend, which was double the client’s original objective. Diversified Revenue Mix and Expanded Reach On The Buy Side
Revenues in Q2 2026 from CTV, mobile app and emerging revenues represented approximately 60% of total revenue, roughly double the share of three years ago. Strength in CTV was led by the Americas, where revenue grew 25% year over year. Global CTV revenue grew 13% year-over-year and represented approximately 20% of total revenue. Q2 2026 revenue from mobile app grew over 40% year-over-year and accounted for approximately 25% of total revenue. Emerging revenues2 in Q2 2026 grew approximately 100% year over year and represented approximately 15% of total revenues in the quarter, which includes revenue from newly launched AI solutions. Ad spend from Activate grew more than 2X over Q2 2025, as buyers and publishers prioritized performance, control and transparency. Ad spend from mid-market focused DSPs grew over 25% year-over-year in Q2 2026. Supply Path Optimization represented over 55% of total activity on our platform in Q2 2026. Operating Priorities Drove Profitable Growth
Infrastructure optimization initiatives and investments drove nearly 92 trillion impressions processed in Q2 2026, an increase of 18% over Q2 2025. Cost of revenue per million impressions processed decreased 20% on a trailing twelve month period, as compared to the prior period. Financial Outlook
Our outlook assumes that general market conditions do not significantly deteriorate as it relates to current macroeconomic and geopolitical conditions.
For the third quarter of 2026, we expect the following:
Revenue to be in the range of $75 million to $77 million. Adjusted EBITDA to be in the range of $17.0 million to $19.0 million. Adjusted EBITDA expectation assumes a negative foreign currency exchange impact predominantly from Euro and Pound Sterling. Although we provide guidance for adjusted EBITDA, we are not able to provide guidance for net income (loss), the most directly comparable GAAP measure. Certain elements of the composition of GAAP net income (loss), including stock-based compensation expenses, are not predictable, making it impractical for us to provide guidance on net income or to reconcile our adjusted EBITDA guidance to net income without unreasonable efforts. For the same reason, we are unable to address the probable significance of the unavailable information.
Chief Financial Officer Planned Retirement Announced
In a separate release issued today, the Company announced that Steve Pantelick, Chief Financial Officer, plans to retire after fifteen years in the role. He will continue to serve as CFO into the first quarter of 2027, and then as a senior adviser through July 1, 2027, to support continuity and a smooth transition. The Company has initiated a search for his successor.
Conference Call and Webcast details
PubMatic will host a conference call to discuss its financial results on Thursday, August 6, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). A live webcast of the call can be accessed from PubMatic’s Investor Relations website at https://investors.pubmatic.com. An archived version of the webcast will be available from the same website after the call.
Non-GAAP Financial Measures
In addition to our results determined in accordance with U.S. generally accepted accounting principles (GAAP), including, in particular operating income (loss), net cash provided by operating activities, and net loss, we believe that adjusted EBITDA, adjusted EBITDA margin, non-GAAP net income, non-GAAP earnings per share and free cash flow, each a non-GAAP measure, are useful in evaluating our operating performance. We define adjusted EBITDA as net loss adjusted for stock-based compensation expense, depreciation and amortization, litigation related expenses, interest income, and provision for (benefit from) income taxes. Adjusted EBITDA margin represents adjusted EBITDA calculated as a percentage of revenue. We define non-GAAP net income as net loss adjusted for stock-based compensation expense, litigation related expenses, and adjustments for income taxes. We define non-GAAP free cash flow as net cash provided by operating activities reduced by purchases of property and equipment and capitalized software development costs.
In addition to operating income (loss) and net loss, we use adjusted EBITDA and non-GAAP net income as measures of operational efficiency. We believe that these non-GAAP financial measures are useful to investors for period to period comparisons of our business and in understanding and evaluating our operating results for the following reasons:
Adjusted EBITDA and non-GAAP net income are widely used by investors and securities analysts to measure a company’s operating performance without regard to items such as stock-based compensation expense, depreciation and amortization, litigation related expenses, interest expense, and provision for (benefit from) income taxes that can vary substantially from company to company depending upon their financing, capital structures and the method by which assets were acquired; and, Our management uses adjusted EBITDA and non-GAAP net income in conjunction with GAAP financial measures for planning purposes, including the preparation of our annual operating budget, as a measure of operating performance and the effectiveness of our business strategies and in communications with our board of directors concerning our financial performance; and adjusted EBITDA provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of operations, and also facilitates comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Our use of non-GAAP financial measures has limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our financial results as reported under GAAP. Some of these limitations are as follows:
Adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; (b) the potentially dilutive impact of stock-based compensation; or (c) tax payments that may represent a reduction in cash available to us; Although depreciation and amortization expense are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; and Non-GAAP net income does not include: (a) the potentially dilutive impact of stock-based compensation; (b) non-ordinary course litigation related expenses; or (c) income tax effects for stock-based compensation Because of these and other limitations, you should consider adjusted EBITDA and non-GAAP net income along with other GAAP-based financial performance measures, including net income and our GAAP financial results.
Forward Looking Statements
This press release contains “forward-looking statements” regarding our future business expectations, including our guidance relating to our revenue and adjusted EBITDA for the third quarter of 2026, our expectations regarding our adjusted EBITDA, free cash flow, free cash flow margin, capital expenditures, future adoption and deployment of our AI-enabled products, future market growth, and our long-term revenue growth. These forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions and may differ materially from actual results due to a variety of factors including: our dependency on the overall demand for advertising and the channels we rely on; our existing customers not expanding their usage of our platform, or our failure to attract new publishers and buyers; our ability to maintain and expand access to spend from buyers and valuable ad impressions from publishers; the rejection of the use of digital advertising by consumers through opt-in, opt-out or ad-blocking technologies or other means; our failure to innovate and develop new solutions that are adopted by publishers; geopolitical tensions and uncertainty, including the conflicts in Ukraine and the Middle East, and the related measures taken in response by the global community and disruptions to the international supply chain and global commerce; the impacts of inflation and tariffs as well as fiscal tightening; changes in currency exchange environments and continuing volatility in global capital markets; volatile interest rates; public health crises, including the resulting global economic uncertainty; limitations imposed on our collection, use or disclosure of data about advertisements, including as it may impact our use of Artificial Intelligence and additional AI laws and regulations are enacted globally; the lack of similar or better alternatives to the use of third-party cookies, mobile device IDs or other tracking technologies if such uses are restricted; any failure to scale our platform infrastructure to support anticipated growth and transaction volume; liabilities or fines due to publishers, buyers, and data providers not obtaining consents from consumers for us to process their personal data; any failure to comply with laws and regulations related to data privacy, data protection, information security, and consumer protection; and our ability to manage our growth. Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. For more information about risks and uncertainties associated with our business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of our SEC filings, including but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which are available on our investor relations website at https://investors.pubmatic.com and on the SEC website at www.sec.gov. Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. All information in this press release is as of August 6, 2026. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
About PubMatic
PubMatic is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency. Since 2006, PubMatic has pioneered major advances in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(unaudited)
June 30,
2026
December 31,
2025
ASSETS
Current assets
Cash and cash equivalents
$
119,971
$
145,518
Marketable securities
17,536
—
Accounts receivable, net
383,197
358,240
Prepaid expenses and other current assets
17,162
18,889
Total current assets
537,866
522,647
Property, equipment and software, net
58,528
52,657
Operating lease right-of-use assets
34,518
38,149
Acquisition-related intangible assets, net
1,914
2,704
Goodwill
29,577
29,577
Deferred tax assets
32,128
30,986
Other assets, non-current
5,511
3,475
TOTAL ASSETS
$
700,042
$
680,195
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable
$
390,046
$
343,619
Accrued liabilities
24,230
25,278
Operating lease liabilities, current
7,842
6,953
Total current liabilities
422,118
375,850
Operating lease liabilities, non-current
32,795
36,910
Other liabilities, non-current
6,401
4,846
TOTAL LIABILITIES
461,314
417,606
Stockholders' Equity
Common stock
7
7
Treasury stock
(223,977
)
(193,471
)
Additional paid-in capital
341,643
321,062
Accumulated other comprehensive income (loss)
(156
)
68
Retained earnings
121,211
134,923
TOTAL STOCKHOLDERS’ EQUITY
238,728
262,589
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
700,042
$
680,195
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Revenue
$
78,593
$
71,095
$
141,160
$
134,920
Cost of revenue(1)
25,877
26,612
51,971
52,200
Gross profit
52,716
44,483
89,189
82,720
Operating expenses:(1)
Technology and development
9,148
9,116
17,134
17,888
Sales and marketing
26,130
25,200
55,095
51,999
General and administrative
16,859
15,628
31,654
30,197
Total operating expenses
52,137
49,944
103,883
100,084
Operating income (loss)
579
(5,461
)
(14,694
)
(17,364
)
Total other income (expense), net
1,302
(609
)
1,464
(30
)
Income (loss) before income taxes
1,881
(6,070
)
(13,230
)
(17,394
)
Provision for (benefit from) income taxes
3,083
(862
)
482
(2,700
)
Net loss
$
(1,202
)
$
(5,208
)
$
(13,712
)
$
(14,694
)
Net income (loss) per share attributable to common stockholders:
Basic
$
(0.03
)
$
(0.11
)
$
(0.29
)
$
(0.31
)
Diluted
$
(0.03
)
$
(0.11
)
$
(0.29
)
$
(0.31
)
Weighted-average shares used to compute net loss per share attributable to common stockholders:
Basic
46,106
47,185
46,611
47,763
Diluted
46,106
47,185
46,611
47,763
STOCK BASED COMPENSATION EXPENSE
(In thousands)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Cost of revenue
$
357
$
474
$
741
$
948
Technology and development
1,055
1,628
2,084
3,213
Sales and marketing
2,605
3,465
5,662
6,928
General and administrative
4,330
4,234
8,348
8,410
Total stock-based compensation
$
8,347
$
9,801
$
16,835
$
19,499
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(In thousands)
(unaudited)
Six Months Ended June 30,
2026
2025
OPERATING ACTIVITIES:
Net loss
$
(13,712
)
$
(14,694
)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
19,995
23,537
Stock-based compensation
16,835
19,499
Deferred income taxes
(1,143
)
(9,024
)
Accretion of discount on marketable securities
(110
)
(819
)
Non-cash lease expense
3,591
3,710
Other
(305
)
(278
)
Changes in operating assets and liabilities:
Accounts receivable
(24,957
)
41,412
Prepaid expenses and other current assets
4,046
(340
)
Accounts payable
36,558
(25,865
)
Accrued liabilities
(1,738
)
(5,559
)
Operating lease liabilities
(3,188
)
(1,328
)
Other liabilities, non-current
1,633
275
Net cash provided by operating activities
37,505
30,526
INVESTING ACTIVITIES:
Purchases of and deposits on property and equipment
(2,966
)
(2,781
)
Capitalized software development costs
(10,171
)
(11,180
)
Purchases of marketable securities
(17,429
)
(26,026
)
Proceeds from maturities of marketable securities
—
39,859
Purchase of equity investment
(3,500
)
—
Net cash used in investing activities
(34,066
)
(128
)
FINANCING ACTIVITIES:
Proceeds from issuance of common stock for employee stock purchase plan
1,054
1,357
Proceeds from exercise of stock options
884
1,174
Principal payments on finance lease obligations
(75
)
(70
)
Payments to acquire treasury stock
(30,500
)
(43,649
)
Net cash used in financing activities
(28,637
)
(41,188
)
NET DECREASE IN CASH AND CASH EQUIVALENTS
(25,198
)
(10,790
)
Effect of foreign currency on cash
(349
)
814
CASH AND CASH EQUIVALENTS - Beginning of year
145,518
100,452
CASH AND CASH EQUIVALENTS - End of year
$
119,971
$
90,476
RECONCILIATION OF GAAP NET LOSS TO NON-GAAP ADJUSTED EBITDA AND NON-GAAP NET INCOME
(In thousands, except per share amounts)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Reconciliation of net loss:
Net loss
$
(1,202
)
$
(5,208
)
$
(13,712
)
$
(14,694
)
Add back (deduct):
Stock-based compensation
8,347
9,801
16,835
19,499
Depreciation and amortization
10,007
11,861
19,995
23,537
Litigation related expenses(2)
594
—
1,032
—
Interest income
(1,213
)
(1,379
)
(2,428
)
(2,972
)
Provision for (benefit from) income taxes
3,083
(862
)
482
(2,700
)
Adjusted EBITDA
$
19,616
$
14,213
$
22,204
$
22,670
Revenue
$
78,593
$
71,095
$
141,160
$
134,920
Adjusted EBITDA margin
25
%
20
%
16
%
17
%
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Reconciliation of net loss per share:
Net loss
$
(1,202
)
$
(5,208
)
$
(13,712
)
$
(14,694
)
Add back (deduct):
Stock-based compensation
8,347
9,801
16,835
19,499
Litigation related expenses(2)
594
—
1,032
—
Adjustment for income taxes
(1,883
)
(2,068
)
(3,714
)
(4,123
)
Non-GAAP net income
$
5,856
$
2,525
$
441
$
682
GAAP diluted EPS
$
(0.03
)
$
(0.11
)
$
(0.29
)
$
(0.31
)
Non-GAAP diluted EPS
$
0.12
$
0.05
$
0.01
$
0.01
GAAP weighted average shares outstanding—diluted
46,106
47,185
46,611
47,763
Non-GAAP weighted average shares outstanding—diluted
49,936
50,539
49,809
51,498
Reported GAAP diluted loss per share for the three and six months ended June 30, 2026 and 2025 were calculated using basic share count. Non-GAAP diluted earnings per share for the three and six months ended June 30, 2026 and three and six months ended June 30, 2025 were calculated using diluted share count which includes approximately 4 million, 3 million, 3 million, and 4 million, respectively, of dilutive securities related to employee stock awards.
SUPPLEMENTAL CASH FLOW INFORMATION
COMPUTATION OF FREE CASH FLOW, A NON-GAAP MEASURE
(In thousands)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Reconciliation of cash provided by operating activities:
PubMatic (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced the launch of its advanced guardrail
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--Rise among first to pilot PubMatic's new governance architecture for agentic advertising giving buyers verifiable control and a complete audit trail.
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic, Inc. (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced that it will release its financial results for the quarter ended June 30, 2026 after market close on Thursday, August 6, 2026. On that day, PubMatic will host a webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the company’s financial results.
Webcast Details
What: PubMatic’s Second Quarter 2026 Earnings WebcastWhen: Thursday, August 6, 2026, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)Webcast: A live and archived webcast can be accessed from the News & Events section of PubMatic’s Investor Relations website: https://investors.pubmatic.comAbout PubMatic
PubMatic is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency. Since 2006, PubMatic has pioneered major advances in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
PubMatic (PUBM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Integration embeds Gracenote content intelligence, including contextual segments and live sports schedule data, directly within PubMatic's platform for activation across premium streaming inventory
, /PRNewswire/ -- Gracenote, Nielsen's content intelligence business, and PubMatic (Nasdaq: PUBM), the leading AI-powered adtech company delivering digital advertising performance, today announced a strategic partnership that makes connected TV (CTV) inventory easier to discover, evaluate and buy based on the programming itself.
As live sports and premium entertainment consumption move deeper into streaming, advertising investment has not fully kept pace with audiences. One reason is a persistent content signal gap: buyers often can't see what is actually airing behind a CTV impression before – or even after – they commit marketing budgets. Recent Gracenote research found that 86% of media planners cite limited show- or content-level data as a barrier to shifting more ad budget from linear to CTV.
The partnership addresses that gap within PubMatic's platform, giving advertisers, agencies and streaming publishers a shared foundation for packaging and transacting inventory around content attributes and live events. Through the integration, PubMatic can match bid opportunities against Gracenote episode-level data in real time at-auction, enabling specific, advertiser-selected inventory to be associated with curated deal IDs across its platform.
In parallel, PubMatic is using Gracenote's program schedule data to identify and curate live sports inventory, helping buyers reach audiences around valuable games and events as they air. The integration brings Gracenote's content intelligence directly into PubMatic's AI-powered Live Sports Marketplace, pairing moment-based curation with verified programming data to give buyers a complete picture of what they're buying.
The implementation runs on the IAB Tech Lab's Agentic Real-Time Framework (ARTF), a standard for fast, containerized data integrations in programmatic advertising, and is built to operate within PubMatic's AgenticOS. It supports real-time decisioning with minimal impact to the bidstream, adding just 0.1 to 0.5 milliseconds to transactions. The result is content intelligence that works at the speed of the bidstream — available to buyers however they choose to activate, whether through direct deal execution or PubMatic's AgenticOS autonomous buying infrastructure.
For publishers, the partnership makes premium inventory easier to differentiate and monetize across live sports, TV shows and movies. Packages are built on Gracenote data and IDs, the same content intelligence streaming services trust to power viewer search and discovery. For buyers, it brings program-informed precision to deal-based buying, replacing guesswork with verified content signals and helping campaigns align with the specific content and live events that drive audience attention.
"Marketers are paying more for CTV impressions and want to know their ads are running during familiar content they can verify," said Jake Richardson, VP of product partnerships at Gracenote. "What's made this difficult is the need for the data to work at the speed of the bidstream to inform what gets packaged and bought. Now, with PubMatic, our contextual segments and live sports schedules operate at that critical decision point."
"Live sports is the most premium inventory in the industry," said Nicole Scaglione, VP of CTV and Online Video, PubMatic. "What Gracenote brings to our platform is the verified content intelligence that powers impression-level decisioning to be more precise and more measurable, so buyers get the performance without sacrificing transparency. Whether buying agentically or through existing workflows, there are now tens of millions of verified live sports impressions on our platform ready to deliver."
The collaboration brings Gracenote's CTV content intelligence deeper into streaming advertising and advances PubMatic's aim to make premium live sports inventory the most plannable, verifiable, and intelligently buyable in programmatic CTV, whether through direct deal execution or autonomous agentic activation.
About Gracenote
Gracenote is the content intelligence business unit of Nielsen. We standardize the way the global media and entertainment ecosystem indexes content and associated metadata, allowing it to flow between creators, distributors, platforms and advertisers. By providing unmatched depth across 50M+ titles and 80K+ channels and catalogs, we power the modern search, discovery and navigation experiences that connect people to the TV, movies, music and sports they love—in 70+ languages across 80+ countries. For more information, visit Gracenote.com or follow us on LinkedIn.
About PubMatic
PubMatic (NASDAQ: PUBM) is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency.
Since 2006, PubMatic has pioneered every major advance in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable digital advertising ecosystem. Built to Connect. Powered to Perform.
As independent content creators scale audiences across CTV and beyond social platforms, PubMatic enables direct access to a new class of performance-driven buyers through AgenticOS
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced the launch of its Creator Marketplace, the first programmatic CTV auction connecting independent creator media companies’ premium CTV inventory with programmatic and emerging agentic demand. MeatEater, the leading outdoor lifestyle media brand founded by renowned writer and TV host Steven Rinella, joins as the marketplace's inaugural launch partner.
"The creator economy has matured into one of the most powerful forces in media, yet the programmatic industry has mostly stayed on the outside," said Nicole Scaglione, VP of CTV at PubMatic.
Share The creator economy is estimated to exceed $250 billion1 globally, yet creator monetization has traditionally relied on direct sponsorships and walled gardens, leaving independent creator publishers without the programmatic infrastructure that drives incremental publisher revenue. At the same time, a new class of performance-driven advertisers, activated through AgenticOS, PubMatic's agentic advertising platform, is entering programmatic for the first time, seeking the kind of highly-engaged, loyalty-driven audiences that have historically only been accessible inside walled gardens. Additionally, according to IAB research2, two in three digital video buyers are actively using or planning agentic AI campaigns in 2026, validating strong demand for a new path to creator-led CTV performance.
The Creator Marketplace arrives at this convergence point: creators gain access to incremental programmatic demand, and agentic advertisers gain access to highly performant creator-led CTV audience segments previously unavailable to them through programmatic channels.
"The creator economy has matured into one of the most powerful forces in media, yet the programmatic industry has mostly stayed on the outside," said Nicole Scaglione, VP of CTV at PubMatic. "With the surge of agentic advertising at PubMatic, we are seeing a new class of advertisers hungry for the type of highly-engaged, deeply-loyal audiences that these creators bring. With the Creator Marketplace, we are providing a direct line from that new demand to these powerful publishers, in a way that neither could access before.”
The Creator Marketplace is developed in partnership with Holmes Media, whose Boost offering helps creator-led media companies scale premium CTV inventory across platforms and monetize through direct and programmatic channels. FreeWheel serves as the marketplace's inaugural ad server partner, enabling seamless integration across platforms and existing creator-publisher workflows.
"A significant gap has emerged between traditional premium video and platform-native creator media,” said Emily Bromley, VP Global Growth at FreeWheel. "Many of today's most influential creators have built highly engaged audiences and premium content, yet they often lack the infrastructure, transparency, and standardized buying workflows required to access large-scale video advertising budgets. FreeWheel is helping bridge that gap by bringing the measurement, control, and operational consistency buyers expect from premium video environments. We look forward to working with creators, Holmes Media, and PubMatic to unlock new opportunities across emerging formats, including vertical video, interactive experiences, and performance-driven creative solutions."
MeatEater: A New Kind of Publisher, A New Kind of Audience
MeatEater exemplifies the category PubMatic is building for. Founded by Steven Rinella, a New York Times-best selling author and key voice in American outdoors culture, MeatEater, has grown into a fully scaled, independent media company, with 12 full-time content creators and in-house production capabilities for its wholly-owned video and audio output. Across that portfolio, MeatEater has built an engaged audience with more than 7 million followers across social handles and more than 2 million YouTube subscribers, while extending that audience into meaningful CTV scale across leading FAST and AVOD platforms. That audience carries creator-level loyalty: 32% report making a purchase based on the MeatEater creator team’s endorsement. Brands across automotive, outdoor and sporting goods, consumer packaged goods, and travel categories are already accessing MeatEater's premium CTV inventory through PubMatic's platform, signaling strong early advertiser demand.
"MeatEater has one of the most engaged communities in digital media, and our CTV growth offers brands a new path to reach those fans at scale," said Andrew Barge, Chief Content Officer, MeatEater. "Partnering with PubMatic opens a programmatic front door to that demand while preserving the control and standards that our creators and fans expect.”
MeatEater is the first of several creator-founded media companies joining PubMatic's Creator Marketplace, with additional publisher partners across key verticals expected to onboard in the coming months. To learn more, and integrate the creator marketplace into your next campaign, visit go.pubmatic.com/creator-marketplace or contact your PubMatic representative.
About PubMatic
PubMatic (NASDAQ: PUBM) is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency.
Since 2006, PubMatic has pioneered every major advance in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
About MeatEater
MeatEater, Inc. is an outdoor lifestyle company founded by renowned writer and TV personality Steven Rinella. Host of the Netflix show MeatEater and The MeatEater Podcast, Rinella has gained wide popularity with hunters and non-hunters alike through his passion for outdoor adventure and wild foods, as well as his strong commitment to conservation. Founded with the belief that a deeper understanding of the natural world enriches all of our lives, MeatEater, Inc. brings together leading influencers in the outdoor space to create premium content experiences and unique apparel and equipment. MeatEater, Inc. is based in Bozeman, MT.
In a controlled, simultaneous comparison, PubMatic’s AgenticOS outperformed the incumbent DSP on every meaningful metric – and expanded Level Agency’s spend on the open internet
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--Level Agency, a performance-driven digital marketing agency, in partnership with PubMatic, the leading AI-powered ad tech company delivering digital advertising performance, today announced the results of a head-to-head test comparing PubMatic's AgenticOS against its incumbent DSP for an education sector client. Running simultaneously with identical budgets and objectives, AgenticOS outperformed the incumbent on every meaningful metric, delivering more than 2x reach per dollar on qualified audiences.
The result is exactly what AgenticOS was designed to deliver: a simpler ecosystem, more dollars in working media, and the open internet as a legitimate competitor to the walled gardens." — Andy Bryant, AVP, Advertiser Solutions, PubMatic
Share The performance gap traces to a combination unique to PubMatic: agentic AI operating directly inside the supply chain through Activate, PubMatic’s direct-to-supply activation platform, where inventory signals and audience data are applied before the auction. The speed of audience building and retargeting, scaling in days rather than the typical 30–60-day ramp, gave the agency the flexibility to adapt creative from an existing social campaign and deploy it immediately against a localized, date-specific campus open house activation on the open internet.
The Test
Education advertisers demand precise demographic and geographic audience-building — an industry where inventory quality, audience reach, and cost efficiency are equally critical. The client needed hyper-local audiences at scale. Level defined the outcome they were looking for, structured the most direct test possible, and let the data decide: PubMatic's AgenticOS against the incumbent DSP, running simultaneously with identical budgets and objectives, tracked throughout the flight using Level's own reporting.
AgenticOS outperformed on every meaningful metric Level measured.
The Results1
More than 2x more reach per dollar on qualified audiences, across mobile, online video, and premium CTV – 351 qualified impressions delivered for every $1, compared to the DSP’s 164 53% lower weighted average CPMs for premium CTV inventory 54% higher video completion rate overall; 35% higher on a controlled OTT-to-OTT comparison Retargeting at scale within days, versus the 30-60 day ramp typically required by DSP-led campaigns Campaign activated in minutes, from audience discovery to tactics and budgets, compared to the typical 3–5 hour setup plus creative trafficking “At Level, every technology decision starts with one question: will this move the needle for our clients? We structured this test the same way we approach every strategic decision: define the outcome, run the experiment, trust the data. What AgenticOS delivered changed how we're thinking about where the open internet can compete for client budgets, and that's exactly the kind of adaptive advantage and innovation we're always looking for." — Patrick Van Gorder, Chief Partnership Officer, Level Agency
The Compounding Effects of AgenticOS
Most agentic capabilities announced in the market today describe a single buyer agent communicating with a single seller agent. What Level activated through AgenticOS is different: a coordinated sequence of more than 20 specialized agents operating across the full campaign lifecycle through a single access point. Through a custom buyer agent built for the Untapped Growth Collective, Level described their campaign objectives in plain language. Proprietary agents identified the highest-quality available inventory, including premium CTV and OTT, built and refined audience segments from publisher-side signals, handled direct activation, and surfaced optimization insights continuously throughout the flight.
Those results are a direct function of where PubMatic uniquely sits in the ecosystem. AgenticOS is the only agentic platform operating at the intersection of buy-side and sell-side intelligence simultaneously, combining four compounding assets that work independently but deliver categorically different outcomes when unified on a single platform: agentic AI through AgenticOS; direct supply-side activation through Activate; a 300+ partner data and commerce media ecosystem giving agents continuously learning audience capabilities; and owned-and-operated GPU infrastructure purpose-built for accelerated computing and reduced inferencing latency. For Level, that entire stack was accessible through a single prompt, with no infrastructure or additional technology required on the agency's end.
"The best media strategies are the ones that don't require constant intervention. When your supply pool is already controlling frequency, filtering inventory, and qualifying audiences before the auction, you get scale that manages itself — and that frees you up to make better decisions faster." — Anjlee Majmudar, VP of Programmatic, Level Agency
Allocating More Spend to the Open Internet
The success of the campaign, coupled with the ease of execution, opened a new category of campaign execution. The agency made a mid-flight decision to expand the program: an upcoming open house campaign, a date-based, hyper-local activation with a tight turnaround, is being allocated to AgenticOS alongside their existing social buy. The open internet is now in the mix for the kind of time-sensitive, geographically specific activation where speed and flexibility are the deciding factors.
"AgenticOS runs at the intersection of supply and demand, giving agencies direct access to publisher signals and inventory that isn't available from the demand side alone. The result is exactly what AgenticOS was designed to deliver: a simpler ecosystem, more dollars in working media, and the open internet as a legitimate competitor to the walled gardens. Level proved it out, and we're excited to build on it." — Andy Bryant, AVP, Advertiser Solutions, PubMatic.
To view the full case study, visit here. To learn more about AgenticOS and how PubMatic is powering the next generation of agentic advertising, visit pubmatic.com/agents
About PubMatic
PubMatic (NASDAQ: PUBM) is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency.
Since 2006, PubMatic has pioneered every major advance in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
Level Agency, a performance-driven digital marketing agency, in partnership with PubMatic, the leading AI-powered ad tech company delivering digital advertisin
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. PubMatic, Inc. (PUBM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
PubMatic, Inc. is one of 592 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. PubMatic, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PUBM's full-year earnings has moved 34% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that PUBM has returned about 27.4% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 18.7% on average. This shows that PubMatic, Inc. is outperforming its peers so far this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Cognex Corporation (CGNX - Free Report) . The stock is up 87.9% year-to-date.
Over the past three months, Cognex Corporation's consensus EPS estimate for the current year has increased 52.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, PubMatic, Inc. is a member of the Internet - Software industry, which includes 170 individual companies and currently sits at #84 in the Zacks Industry Rank. This group has lost an average of 15.6% so far this year, so PUBM is performing better in this area.
In contrast, Cognex Corporation falls under the Electronics - Testing Equipment industry. Currently, this industry has 4 stocks and is ranked #6. Since the beginning of the year, the industry has moved +21.1%.
Investors interested in the Computer and Technology sector may want to keep a close eye on PubMatic, Inc. and Cognex Corporation as they attempt to continue their solid performance.
PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) insider Mukul Kumar sold 7,830 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $63,971.10. Following the completion of the sale, the insider owned 99,485 shares in the company, valued at $812,792.45. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
PubMatic Stock Performance PubMatic stock opened at $8.27 on Monday. The stock has a market cap of $392.00 million, a PE ratio of -26.68 and a beta of 1.48. The stock has a 50-day moving average price of $7.55 and a 200 day moving average price of $8.23. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88.
PubMatic (NASDAQ:PUBM – Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. The company had revenue of $80.05 million for the quarter, compared to analyst estimates of $76.12 million. On average, equities analysts predict that PubMatic, Inc. will post 0.22 EPS for the current year.
Trending Headlines about PubMatic Here are the key news stories impacting PubMatic this week:
Positive Sentiment: Recent fundamentals: PubMatic reported a quarterly earnings beat (Feb. 26) with EPS $0.29 vs. $0.16 expected and revenue $80.05M vs. $76.12M expected — a point in support of the stock. Earnings / Marketbeat Neutral Sentiment: Technical/context: shares have traded around the low single digits relative to their 50-day ($7.54) and 200-day ($8.23) SMAs, leaving limited upside unless demand returns. Price summary Negative Sentiment: CEO Rajeev K. Goel sold 49,916 shares at an average $8.17, reducing his holding by ~51.1% (proceeds ~$407.8K) — a large top-exec divestiture that can be viewed as a negative signal on insider conviction. SEC Filing Negative Sentiment: CFO Steven Pantelick sold 16,747 shares at ~$8.17 (proceeds ~$136.8K), a ~22.5% cut in his position — further top-team selling that may amplify negative market reaction. SEC Filing Negative Sentiment: Chairman Amar K. Goel sold 6,528 shares at ~$8.17 (proceeds ~$53.3K), trimming his stake by ~21.3% — another insider reduction from the board level. SEC Filing Negative Sentiment: Other insiders (Mukul Kumar and General Counsel Andrew Woods) sold 7,830 and 5,710 shares respectively at ~$8.17, modestly reducing their positions — adds breadth to the insider selling pattern. Kumar SEC Filing Woods SEC Filing Analyst Upgrades and Downgrades PUBM has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price target on shares of PubMatic in a research note on Friday, March 20th. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Wall Street Zen downgraded PubMatic from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wolfe Research reiterated an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PubMatic has an average rating of “Moderate Buy” and a consensus price target of $12.63.
View Our Latest Stock Report on PubMatic
Institutional Investors Weigh In On PubMatic A number of institutional investors have recently bought and sold shares of the stock. Roubaix Capital LLC purchased a new position in PubMatic during the third quarter worth approximately $2,247,000. CenterBook Partners LP grew its stake in shares of PubMatic by 239.0% during the 3rd quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock valued at $6,197,000 after buying an additional 527,650 shares during the period. Acuitas Investments LLC grew its stake in shares of PubMatic by 142.8% during the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock valued at $2,945,000 after buying an additional 209,159 shares during the period. Pinnacle Holdings LLC increased its holdings in shares of PubMatic by 7.8% during the 3rd quarter. Pinnacle Holdings LLC now owns 138,822 shares of the company’s stock worth $1,149,000 after buying an additional 9,997 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of PubMatic during the 3rd quarter worth $360,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.
About PubMatic (Get Free Report)
PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.
Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.
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PubMatic, Inc. (NASDAQ: PUBM - Get Free Report) Chairman Amar Goel sold 6,528 shares of PubMatic stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $53,333.76. Following the sale, the chairman directly owned 24,066 shares in the company, valued at
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic, Inc. (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced that it will release its financial results for the quarter ended March 31, 2026 after market close on Thursday, May 7, 2026. On that day, PubMatic will host a webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the company’s financial results.
Webcast Details
What: PubMatic’s First Quarter 2026 Earnings Webcast When: Thursday, May 7, 2026, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) Webcast: A live and archived webcast can be accessed from the News & Events section of PubMatic’s Investor Relations website: https://investors.pubmatic.com About PubMatic
PubMatic is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency. Since 2006, PubMatic has pioneered major advances in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
NO-HEADQUARTERS / REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced the integration of its Creative Innovation Suite across its AgenticOS platform, giving marketers access to custom, engagement-driven ad formats across premium CTV, mobile app, and more. Today's audiences don't choose between screens. They're on CTV and mobile simultaneously, and the most effective advertising has to.
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic, Inc. (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today reported preliminary unaudited results for revenue and Adjusted EBITDA in the first quarter of 2026, and announced leadership transitions to position the company for its next phase of growth.
Strong Q1 Results Reflect Business Momentum
The Company expects first quarter 2026 revenue to be approximately $62.4 million, with approximately $2.5 million in adjusted EBITDA. These figures exceed PubMatic’s previously-issued first quarter 2026 guidance of $58.0 million to $60.0 million in revenue and $(0.5) to $1.0 million in adjusted EBITDA. These results highlight strong execution across the business and leadership in agentic advertising.
"Agentic AI is creating a structural shift that is redefining the entire digital advertising market. Our AI solutions are seeing the fastest adoption of any product launch in our history," said Rajeev Goel, co-founder and CEO of PubMatic. "This momentum is creating a unique opportunity to evolve our organization to best serve this transformation."
Strategic Organizational Evolution
As PubMatic enters this period of transformation, the company is taking the opportunity to evolve its go-to-market structure. Two valued members of PubMatic's leadership team have decided to transition out of their roles. After 15 years at PubMatic, Chief Growth Officer Paulina Klimenko is stepping down to focus on her health. Chief Revenue Officer for the Americas Kyle Dozeman is departing to pursue an entrepreneurship opportunity. Both transitions reflect personal priorities and come at a moment when the company's strong execution and strategic clarity create an ideal opportunity for organizational evolution.
To position the organization to capitalize on the accelerating momentum, PubMatic has retained Heidrick & Struggles to conduct a search for a global Chief Revenue Officer. The company intends to consolidate all revenue-generating functions under this global Chief Revenue Officer, positioning the organization for accelerated, long-term profitable growth across the business.
“I’m incredibly proud of what we’ve built together at PubMatic over the past 15 years,” said Paulina Klimenko, Chief Growth Officer. “The business is in a strong position, and now is the right time for me to focus on my health. I’m confident in the team and excited to see the company scale new heights from here.”
“I’ve been honored to lead our Americas business and witness the acceleration in AI adoption and CTV momentum firsthand,” said Kyle Dozeman, Chief Revenue Officer, Americas. “The strength of our organization and clarity of our direction made this the right time to pursue an exciting entrepreneurship opportunity. I’m grateful for the 13 years I’ve spent here, and confident the team will continue to thrive.”
Paulina Klimenko will remain in her role through July 2026 to ensure a structured transition. Kyle Dozeman will remain with PubMatic through the end of May and continue in an advisory capacity thereafter. Chief Revenue Officers Emma Newman (EMEA) and Jason Barnes (APAC) will continue to lead their respective regions.
“Paulina and Kyle are exceptional leaders who have been instrumental in building our business and culture,” continued Rajeev Goel. “I’m grateful for their contributions and wish them the best in what comes next for them. As we move forward, we remain deeply focused on execution, putting our customers first, and delivering the trust, innovation, and advertising performance they expect. We have a tremendous opportunity in front of us, and I’m confident in the strength of our organization and strategic direction.”
Earnings Call and Full Results
As previously announced, PubMatic will release its audited financial results for the quarter ended March 31, 2026 after market close on Thursday, May 7, 2026. On that day, PubMatic will host a webcast at 1:30pm Pacific Time (4:30pm Eastern Time) to discuss the company’s financial results. A live and archived webcast can be accessed from the News & Events section of PubMatic’s Investor Relations website: https://investors.pubmatic.com
Non-GAAP Financial Measures
To supplement its financial information presented in accordance with U.S. generally accepted accounting principles (“GAAP”), PubMatic uses certain non-GAAP financial measures, including adjusted EBITDA. PubMatic believes these non-GAAP measures provide useful information about its operating performance, enhance comparability across periods, and assist investors in evaluating the Company’s core business results. However, these measures have limitations as analytical tools and should not be considered in isolation from, or as a substitute for, GAAP financial information.
Adjusted EBITDA is defined as net income (loss) adjusted for stock-based compensation expense, depreciation and amortization, litigation-related expenses, interest income, and provision for (benefit from) income taxes.
Because this press release presents only preliminary results, a full reconciliation of these non-GAAP measures to their most directly comparable GAAP measures is not available. A reconciliation will be provided in PubMatic’s complete first quarter 2026 earnings press release, expected to be released on May 7, 2026.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “should,” “will,” “would” or similar expressions. Forward-looking statements in this press release include, but are not limited to: the Company’s preliminary and expected first quarter 2026 revenue and adjusted EBITDA results; completion of the Company’s quarter-end financial closing procedures; the expected date of the Company’s full first quarter 2026 earnings release; the Company’s leadership transition and global CRO search; and the Company’s expectations regarding its business strategy, growth opportunities, and long-term revenue growth.
These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, performance, or achievements to be materially different from those expressed or implied. Such factors include, but are not limited to: completion of the Company’s normal quarter-end financial closing procedures; potential adjustments arising from the application of accounting principles or from the review by the Company’s independent registered public accounting firm; changes in the digital advertising industry, competitive conditions, and macroeconomic environment; the Company’s ability to attract and retain qualified leadership; and other risks and uncertainties described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in the Company’s subsequent reports filed with the SEC.
The forward-looking statements in this press release represent the Company’s views as of the date of this press release. PubMatic undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof or to reflect new information or the occurrence of unanticipated events, except as may be required by applicable law or regulation.
Preliminary Results
The Company’s preliminary unaudited financial results in this press release for the first quarter ended March 31, 2026 are preliminary, unaudited and subject to completion, and may change as a result of management’s continued review. Such preliminary results are subject to the finalization of quarter-end financial and accounting procedures. The preliminary financial results represent management estimates that constitute forward-looking statements subject to risks and uncertainties. As a result, the preliminary financial results may materially differ from the actual results when they are completed and publicly disclosed. These preliminary results should not be viewed as a substitute for the Company's full first quarter financial statements and do not present all information necessary for a complete understanding of financial performance.
About PubMatic
PubMatic is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency. Since 2006, PubMatic has pioneered major advances in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
NO-HEADQUARTERS / REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic (Nasdaq: PUBM) today announced accelerating global adoption of its AgenticOS platform, as agentic media buying moves from experimentation into a validated behavioral shift in digital advertising. What launched at CES with a single campaign is now running end-to-end autonomous agentic campaigns across independent agencies, scaled buying platforms, and global brands in the United States, France, the Netherlands, Australia, and Indi.
PubMatic, Inc. (PUBM - Free Report) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +75%.
Revenues are expected to be $60.16 million, down 5.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.47% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for PubMatic?For PubMatic, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that PubMatic will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that PubMatic would post earnings of $0.16 per share when it actually produced earnings of $0.29, delivering a surprise of +81.25%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
PubMatic doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsMatch Group (MTCH - Free Report) , another stock in the Zacks Internet - Software industry, is expected to report earnings per share of $0.92 for the quarter ended March 2026. This estimate points to a year-over-year change of +37.3%. Revenues for the quarter are expected to be $854.87 million, up 2.9% from the year-ago quarter.
The consensus EPS estimate for Match Group has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +3.26%.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Match Group will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
PubMatic, Inc. (PUBM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PUBM's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic announces first quarter 2026 financial results, with revenue and adjusted EBITDA ahead of guidance.
PubMatic, Inc. (PUBM) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to a loss of $0.04 per share a year ago.
PubMatic NASDAQ: PUBM reported first-quarter 2026 results that topped its guidance, with management pointing to growth in its underlying business, adoption of AI tools and expansion in connected TV, mobile app and emerging revenue streams.
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic, Inc. (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced that members of its management team are scheduled to participate at the following upcoming financial conferences:
21st Annual Needham Technology, Media & Consumer Conference in New York, NY on May 13, 2026. Management will participate in a webcasted fire-side chat at 10:15 a.m. ET and host 1x1 meetings. 2026 Jefferies Software, Internet & AI Conference in Newport Coast, CA on May 27, 2026. Management will host 1x1 meetings. Evercore TMT Global Conference in San Francisco, CA on June 3, 2026. Management will participate in a webcasted fire-side chat at 2:10 p.m. PT and host meetings. Rosenblatt’s 6th Annual Virtual Technology Summit on June 9, 2026. Management will host 1x1 meetings. A webcast of the fire-side chat will be available in the “Events” section of PubMatic’s investor relations website at https://investors.pubmatic.com/news-events/investor-calendar. The webcast replay will be available following the conclusion of the live presentations for 90 days.
About PubMatic
PubMatic is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with great transparency, control, and efficiency. Since 2006, PubMatic has pioneered major advances in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
Appointment deepens PubMatic's commitment to the Canadian market as demand grows for AI-powered programmatic solutions across buy-side and publisher partnerships
NO-HEADQUARTERS / REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced the appointment of Sabrina Anand as Country Manager for Canada. Based in Toronto, Anand will lead PubMatic's go-to-market strategy across the Canadian market, with responsibility for deepening relationships with buyers, agencies, and publishers and driving adoption of PubMatic's full product suite. She will report to Alan Fontevecchia, VP, Head of LATAM & Canada.
The appointment signals PubMatic's intent to build a more committed, tailored presence in Canada — a market served by premium publishers and a sophisticated agency community that increasingly demands direct, transparent programmatic partnerships. Anand's hire comes as PubMatic's AgenticOS platform accelerates globally, with fully autonomous agentic campaigns now running across independent agencies, scaled buying platforms, and global brands — and as supply path optimization (SPO) relationships account for more than 50% of total PubMatic platform activity worldwide.
In her role, Anand will drive Canadian market growth across PubMatic's full product portfolio, including AgenticOS, Activate, Connect, and its data and curation capabilities, spanning CTV/OTT, mobile app, and web environments.
Anand is a seasoned ad tech leader with more than 14 years of experience in the Canadian market. She joins from TripleLift, where she served as Country Manager for Canada, overseeing the company's national strategy and operations and expanding partnerships with programmatic buyers and media owners.
"Sabrina is exactly the kind of leader this market calls for. She knows the Canadian ecosystem deeply, from the big agency relationships to the publisher dynamics, and brings real entrepreneurial energy to building something fresh," said Alan Fontevecchia, VP, Head of LATAM, & Canada, PubMatic. "Canada is a priority for us. We're growing in the region, with the full commitment and weight of our platform, and Sabrina is the right person to lead that effort."
"PubMatic has built a platform that is genuinely differentiated, from its supply path transparency to its agentic capabilities, and Canada is ready to embrace it," said Anand. "I've spent my career on both sides of the programmatic ecosystem in this market, and I know what Canadian buyers and publishers are looking for in a partner. I'm excited to bring PubMatic's technology and team to bear here in a meaningful way."
Canadian buyers, agencies, and publishers interested in partnering with PubMatic can visit www.pubmatic.com to learn more or connect with Sabrina and the team.
About PubMatic
PubMatic (NASDAQ: PUBM) is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency.
Since 2006, PubMatic has pioneered every major advance in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable open internet. Built to Connect. Powered to Perform.
From a technical perspective, PubMatic, Inc. (PUBM - Free Report) is looking like an interesting pick, as it just reached a key level of support. PUBM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
PUBM could be on the verge of another rally after moving 11.5% higher over the last four weeks. Plus, the company is currently a Zacks Rank #3 (Hold) stock.
The bullish case solidifies once investors consider PUBM's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, while the consensus estimate has increased too.
Investors may want to watch PUBM for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
Investors might want to bet on PubMatic, Inc. (PUBM - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for PubMatic is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for PubMatic imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for PubMaticFor the fiscal year ending December 2026, this company is expected to earn $0.37 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for PubMatic. Over the past three months, the Zacks Consensus Estimate for the company has increased 35.9%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of PubMatic to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
PubMatic, Inc. (PUBM - Free Report) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.
Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For PubMatic, Inc., there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe earnings estimate of $0.03 per share for the current quarter represents a change of -40.0% from the number reported a year ago.
Over the last 30 days, two estimates have moved higher for PubMatic compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 31.34%.
Current-Year Estimate RevisionsThe company is expected to earn $0.37 per share for the full year, which represents a change of +12.1% from the prior-year number.
There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, one estimate has moved up for PubMatic versus one negative revision. This has pushed the consensus estimate 34.21% higher.
Favorable Zacks RankOur research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineWhile strong estimate revisions for PubMatic have attracted decent investments and pushed the stock 17% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
inPowered AI, MiQ, Chalice AI and SWYM.AI to Pilot New Capability, Running Buyer and Algorithm Intelligence Inside the Auction Alongside PubMatic's Active AI Agents
NO-HEADQUARTERS/REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced Decision Fabric, a containerization layer built on AgenticOS that runs partner decisioning models natively inside the programmatic supply path. Piloting with inPowered AI, MiQ, Chalice AI and SWYM.AI as first partners, Decision Fabric enables audience qualification to happen at the exact moment of the auction, on live signals, across the full unfiltered inventory pool, allowing advertisers to reach higher-value audiences more efficiently and directly.
"Advertising works best when advertisers and publishers work closely together,” stated Rajeev Goel, Co-Founder and CEO, PubMatic.
Share According to the ANA's Programmatic Media Supply Chain Transparency Study (December 2023), working media efficiency ranges from as low as 36 cents on the dollar, a gap that has driven advertisers toward supply-side solutions with greater transparency and direct access to inventory. PubMatic's Activate has been a proven answer to that problem: a direct-to-supply media activation tool that has operated as a native bidder on the sell side for years, demonstrating that running decisioning natively inside the auction, on live signals, delivers better economics for buyers and publishers alike. Decision Fabric opens that same architecture to PubMatic's partners, giving their decisioning models a native environment inside the same auction infrastructure that has powered Activate's results. It is a proven architectural advantage, now extended to the broader ecosystem.
"Advertising works best when advertisers and publishers work closely together,” stated Rajeev Goel, Co-Founder and CEO, PubMatic. “Decision Fabric builds on our success with Activate and gives partner intelligence a native environment inside the supply path where signals are most complete, inventory scale is greatest, and AgenticOS agents are already at work. The longer partner models run here, the smarter the whole system gets, and the more value flows back to buyers and publishers alike."
Through Decision Fabric, partner decisioning models, from algorithm companies, curators, agencies, and DSPs alike, run inside PubMatic's auction infrastructure on live bidstream signals at the exact moment inventory becomes available. Audience qualification happens in real time, across the full unfiltered inventory pool, before traffic shaping occurs. For DSPs in particular, Decision Fabric represents a direct entry point into AgenticOS, with the ability to run their decisioning logic inside an environment where PubMatic's own agents are already operating and can actively call on it. If a DSP deploys an audience model via container, PubMatic's inventory and audience agents can invoke that model directly to sharpen campaign targeting or surface higher-value deals.
Connecting Decision Fabric to AgenticOS provides partners with access to the full weight of the infrastructure and intelligence behind PubMatic’s operating system for agentic advertising. This includes GPU-accelerated computing and dedicated AI inferencing servers purpose-built for advertising's microsecond decisioning requirements, operating at approximately one millisecond inference latency with 85% fewer auction timeouts, as well as more than 20 autonomous agents and 1,000 AI-powered deals already active across discovery, deal management, and optimization — working across 2.7 trillion advertiser bids per day and 100,000+ streaming channels, apps, and websites globally, including 28 of the top 30 streaming platforms. Decision Fabric is built using the IAB Tech Lab's ARTF open containerization protocol, enabling partners to deploy once on a standard architecture and operate across PubMatic's full supply footprint without proprietary lock-in.
"We've always known that better signals produce better outcomes,” said Georgiana Haig, Global Strategy & Partnerships Director, MiQ. “The promise of Decision Fabric is that it gives us the ability to act on those signals at the moment they matter most right at the auction, across the full pool of available inventory. For our clients, that translates directly into campaigns that reach the right people with more of their budget channeled into media and not fees."
The piloting partners each bring distinct decisioning capabilities to Decision Fabric at launch. inPowered AI’s models qualify outcomes against live bidstream signals at auction speed, reflecting real-time outcomes rather than pre-built segments. MiQ brings buyer-side trading intelligence inside the supply path, giving one of the world's largest independent trading desks a native environment to optimize outcomes at the moment inventory is available. Chalice AI brings proprietary custom algorithms trained on advertiser-specific outcomes data, replacing platform-default AI with decisioning logic built exclusively around each brand's business goals, and SWYM.AI's algorithm applies real-time inventory curation and bid optimization directly against PubMatic's full supply footprint, enabling advertisers to concentrate spend on their highest-performing inventory.
“The containerized environments enable impression-level decisioning across the entire exchange,” stated Peyman Nilforoush, Co-Founder and CEO, inPowered. “PubMatic’s Decision Fabric enables us to host our models on the sell-side with the strongest signals for outcomes all done prebid. Having AgenticOS operating in the same environment as our models means the whole system is working together, and that's something we haven't had anywhere else.”
“Chalice builds some of the most advanced algorithms for agentic advertising in the market today,” said Adam Heimlich, CEO, Chalice AI. “But an algorithm is only as powerful as the environment it runs in. Decision Fabric gives our models access to the full inventory pool, live signals at the moment of the auction, and an agentic infrastructure that can act on what our models surface in real time. That's what turns a great algorithm into measurably better outcomes for buyers.”
“The buy side has been optimizing against a filtered view of supply for a decade,” stated Ravi Patel, CEO, SWYM.AI. “Decision Fabric flips that — our algorithms now run where the inventory actually lives, on every bid request, in the moment it matters. That’s outcome-driven bid shaping at full supply-side scale, and there’s no equivalent of it on the buy side of the fence.”
DSPs, curators, and algorithm companies interested in running their decisioning models inside PubMatic's supply path can learn more here.
About PubMatic
PubMatic (Nasdaq: PUBM) is the leading AI-powered ad tech company delivering digital advertising performance. Through an intelligent, unified platform that connects buyers, publishers, data partners, and commerce media networks, PubMatic delivers superior performance with greater transparency, control, and efficiency.
Since 2006, PubMatic has pioneered every major advance in programmatic advertising, from enabling the first OpenRTB transactions to embedding AI-driven optimization and privacy-focused innovation across its platform. With omnichannel scale, proven reliability, and a track record of continuous innovation, PubMatic is building a more intelligent, profitable, and sustainable digital advertising ecosystem. Built to Connect. Powered to Perform.
PubMatic (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, today announced Decision Fabric, a containerization
