Horizon Kinetics Q2: Management fee revenue up 66% YoY to $18.8mln.

• Digital data revenue up 66% to $18.8mln • Net loss of $(10.5)mln, or $(0.56) per share • Operating income increased to $2.5mln • AUM increased 7% to $10.5bln • Board declares $0.071 per share dividend

Digital data revenue surged by 66% to $18.8 million for the second quarter of 2025, according to the latest earnings presentation from PubMatic (NASDAQ: PUBM). This significant increase was driven by strong performance across key segments, particularly Connected TV (CTV), which saw a more than 50% year-over-year growth in revenue. Despite this positive quarter, the company projected a revenue decline for the upcoming quarter, suggesting near-term challenges ahead.

PubMatic reported a net loss of $10.5 million, or $0.56 per share, during the second quarter. This loss was primarily due to higher costs and operational expenses. However, the company's adjusted EBITDA reached $14.2 million, indicating operational efficiency gains. Operating income increased to $2.5 million, highlighting the company's efforts to streamline costs and improve profitability.

The company's assets under management (AUM) increased by 7% to $10.5 billion, reflecting its growing influence in the digital advertising ecosystem. Additionally, the board of directors declared a $0.071 per share dividend, distributing a total of $3.1 million to shareholders.

Looking ahead, PubMatic is focused on diversifying its ad demand and revenue streams. The company's strategic transformation from a supply-side platform (SSP) provider to an end-to-end platform is expected to drive sustainable growth. Management remains confident in the company's long-term prospects, emphasizing its durable business model and strong cash flow generation capabilities.

References:
[1] https://www.investing.com/news/company-news/pubmatic-q2-2025-slides-6-revenue-growth-masks-projected-q3-decline-93CH-4183973