Pubmatic shares rise 30.94% intraday after Q3 earnings beat expectations and AI-driven efficiency gains.

Pubmatic surged 30.94% intraday trading, driven by Q3 earnings that exceeded expectations with revenue of $67.96 million surpassing the forecasted $63.768 million and adjusted EPS of $0.03 outperforming the expected loss of $0.10. The company also reported CTV revenue growth over 50% year-over-year excluding political advertising impact and Activate revenue growth exceeding 100%, signaling accelerated core business expansion. Additionally, its AI-driven platform reduced ad campaign setup time by 87% and improved issue resolution speed by.