Pubmatic shares surge 19.93% intraday after Q3 earnings beat with $67.96M revenue (vs. $63.77M expected) and AI-driven efficiency gains boost CTV/Activate revenue growth.

Pubmatic surged 19.93% in intraday trading, with the company reporting Q3 earnings that exceeded expectations, including $67.96 million in revenue (vs. $63.768 million forecast) and adjusted EPS of $0.03 (vs. expected loss of $0.10). Post-political ad adjustments, CTV revenue grew over 50%, while Activate revenue increased by more than 100%, signaling accelerated core business growth. Additionally, its AI-driven platform reduced ad campaign setup time by 87% and improved problem-solving speed by 70%, optimizing ad application processes.