PubMatic surged 40% intraday after reporting Q3 2025 results that exceeded guidance, with revenue at $68 million (6% above estimates) and adjusted EBITDA of $11.2 million. The company highlighted 50% year-over-year CTV revenue growth excluding political advertising, AI-driven operational efficiencies (87% faster campaign setup, 70% quicker issue resolution), and a 25% increase in mid-market DSP ad spend. Analysts also raised price targets, including Evercore ISI to $13 and Wolfe Research to $12, citing the firm’s AI innovations, margin expansion, and potential market share gains post-Google ad tech reforms. Strong cash flow ($32.4 million) and $136.5 million in cash further bolstered investor confidence, aligning with the stock’s sharp intraday rally.
Comments
No comments yet